American Century Companies Inc. raised its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 206.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 434,161 shares of the company’s stock after purchasing an additional 292,286 shares during the quarter. American Century Companies Inc. owned 0.61% of Aaron’s, worth $18,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in AAN. LS Investment Advisors LLC lifted its position in Aaron’s, by 34.5% during the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after purchasing an additional 682 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Aaron’s, by 13.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after purchasing an additional 312 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Aaron’s, by 70.9% during the second quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after purchasing an additional 1,630 shares during the last quarter. Victory Capital Management Inc. lifted its position in Aaron’s, by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after purchasing an additional 705 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Aaron’s, during the second quarter valued at approximately $201,000.

In related news, CEO John W. Robinson sold 15,000 shares of Aaron’s, stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total value of $543,600.00. Following the transaction, the chief executive officer now directly owns 337,340 shares of the company’s stock, valued at $12,225,201.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert P. Sinclair, Jr. sold 4,000 shares of Aaron’s, stock in a transaction on Monday, August 21st. The stock was sold at an average price of $43.47, for a total transaction of $173,880.00. Following the completion of the transaction, the insider now directly owns 12,469 shares in the company, valued at $542,027.43. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,913,000 shares of company stock worth $118,730 and sold 60,779 shares worth $2,511,865. 1.93% of the stock is owned by insiders.

Aaron’s, Inc. (NYSE AAN) opened at $36.50 on Friday. The company has a quick ratio of 0.74, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Aaron’s, Inc. has a one year low of $26.12 and a one year high of $48.22. The company has a market cap of $2,533.24, a price-to-earnings ratio of 14.85 and a beta of 0.23.

Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.11). Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. 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 previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts anticipate that Aaron’s, Inc. will post 2.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.33%. This is an increase from Aaron’s, ‘s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 12th. Aaron’s, ‘s payout ratio is presently 5.79%.

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AAN has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Aaron’s, from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC restated a “buy” rating and issued a $54.00 price objective on shares of Aaron’s, in a report on Thursday, August 31st. Raymond James Financial, Inc. upgraded shares of Aaron’s, from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Friday, November 10th. KeyCorp upgraded shares of Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a report on Thursday, September 28th. Finally, Loop Capital upgraded shares of Aaron’s, from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $43.06.

Aaron’s, 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.

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

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