Nationwide Fund Advisors held its position in shares of Aaron’s, Inc. (NYSE:AAN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 164,993 shares of the company’s stock at the end of the third quarter. Nationwide Fund Advisors owned approximately 0.23% of Aaron’s, worth $4,194,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in shares of Aaron’s, by 31.5% in the third quarter. Meeder Asset Management Inc. now owns 36,396 shares of the company’s stock worth $926,000 after buying an additional 8,721 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Aaron’s, by 2.2% in the third quarter. Nisa Investment Advisors LLC now owns 23,673 shares of the company’s stock worth $602,000 after buying an additional 500 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Aaron’s, by 0.7% in the third quarter. Capstone Asset Management Co. now owns 11,554 shares of the company’s stock worth $294,000 after buying an additional 80 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Aaron’s, by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,964 shares of the company’s stock worth $558,000 after buying an additional 446 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Aaron’s, by 26.5% in the third quarter. Foundry Partners LLC now owns 178,720 shares of the company’s stock worth $4,543,000 after buying an additional 37,415 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Aaron`s,  (NYSE:AAN)

Shares of Aaron’s, Inc. (NYSE:AAN) opened at 32.05 on Friday. Aaron’s, Inc. has a 52 week low of $20.26 and a 52 week high of $34.22. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 16.77 and a beta of 0.27. The firm has a 50-day moving average of $31.76 and a 200 day moving average of $26.36.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Aaron’s, had a net margin of 4.31% and a return on equity of 11.36%. The company earned $769 million during the quarter, compared to analysts’ expectations of $778.73 million. During the same period in the prior year, the company posted $0.39 earnings per share. Aaron’s, ‘s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that Aaron’s, Inc. will post $2.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Monday, December 12th were given a dividend of $0.0275 per share. The ex-dividend date of this dividend was Thursday, December 8th. This is a boost from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.11 annualized dividend and a dividend yield of 0.34%. Aaron’s, ‘s dividend payout ratio is 5.76%.

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A number of brokerages have recently weighed in on AAN. Stephens began coverage on shares of Aaron’s, in a research report on Thursday. They set an “overweight” rating on the stock. Jefferies Group reissued a “buy” rating and set a $37.00 price target on shares of Aaron’s, in a research report on Wednesday. Loop Capital began coverage on shares of Aaron’s, in a research report on Tuesday, December 13th. They issued a “hold” rating and a $30.00 price objective on the stock. Sidoti cut shares of Aaron’s, from a “buy” rating to a “neutral” rating in a research report on Friday, December 9th. Finally, TheStreet raised shares of Aaron’s, from a “hold” rating to a “buy” rating in a research report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Aaron’s, currently has an average rating of “Buy” and a consensus target price of $32.00.

Aaron’s, Company Profile

Aaron’s, Inc is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating segments include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store-based operations engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.

5 Day Chart for NYSE:AAN

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