Aaron’s, Inc. (AAN) Holdings Trimmed by Seizert Capital Partners LLC
Seizert Capital Partners LLC reduced its holdings in shares of Aaron’s, Inc. (NYSE:AAN) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,009 shares of the company’s stock after selling 7,939 shares during the period. Seizert Capital Partners LLC owned 0.09% of Aaron’s, worth $2,924,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of AAN. LS Investment Advisors LLC grew its holdings in Aaron’s, by 34.5% during the 2nd quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock worth $103,000 after acquiring an additional 682 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Aaron’s, by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock worth $103,000 after acquiring an additional 312 shares during the period. Victory Capital Management Inc. grew its holdings in Aaron’s, by 24.1% during the 1st quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock worth $119,000 after acquiring an additional 778 shares during the period. Riverhead Capital Management LLC grew its holdings in Aaron’s, by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock worth $153,000 after acquiring an additional 1,630 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in Aaron’s, during the 2nd quarter worth about $201,000.
In related news, insider Robert P. Sinclair, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the insider now owns 11,469 shares of the company’s stock, valued at $516,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven A. Michaels sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the completion of the sale, the chief financial officer now directly owns 56,769 shares of the company’s stock, valued at approximately $2,108,968.35. The disclosure for this sale can be found here. Insiders sold 60,776 shares of company stock valued at $2,511,757 in the last three months. 1.93% of the stock is currently owned by insiders.
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Shares of Aaron’s, Inc. (AAN) traded up $0.50 on Friday, hitting $36.43. The stock had a trading volume of 1,402,329 shares, compared to its average volume of 929,023. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 2.35. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.85 and a beta of 0.23.
Aaron’s, (NYSE:AAN) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.11). Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The firm had revenue of $838.80 million during the quarter, compared to analysts’ expectations of $827.20 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts forecast that Aaron’s, Inc. will post 2.5 EPS for the current year.
AAN has been the subject of a number of recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a report on Friday, September 1st. Northcoast Research reiterated a “buy” rating and set a $52.50 price target (up from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Finally, BidaskClub downgraded Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.94.
Aaron’s, Company Profile
Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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