Arizona State Retirement System reduced its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 6.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,500 shares of the company’s stock after selling 1,888 shares during the period. Arizona State Retirement System’s holdings in Aaron’s, were worth $788,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after buying an additional 778 shares in the last quarter. Clinton Group Inc. boosted its stake in Aaron’s, by 7.3% in the first quarter. Clinton Group Inc. now owns 26,043 shares of the company’s stock valued at $775,000 after buying an additional 1,762 shares in the last quarter. SG Americas Securities LLC boosted its stake in Aaron’s, by 230.4% in the first quarter. SG Americas Securities LLC now owns 13,494 shares of the company’s stock valued at $401,000 after buying an additional 9,410 shares in the last quarter. Prudential Financial Inc. boosted its stake in Aaron’s, by 160.6% in the first quarter. Prudential Financial Inc. now owns 150,227 shares of the company’s stock valued at $4,468,000 after buying an additional 92,570 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Aaron’s, by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 891,009 shares of the company’s stock valued at $26,498,000 after buying an additional 76,648 shares in the last quarter. 99.83% of the stock is owned by institutional investors.

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

Aaron’s, Inc. (NYSE:AAN) opened at 38.50 on Friday. The company has a 50 day moving average price of $37.04 and a 200-day moving average price of $32.14. Aaron’s, Inc. has a 52 week low of $20.50 and a 52 week high of $40.33. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 19.57 and a beta of 0.18.

Aaron’s, (NYSE:AAN) last released its quarterly earnings results on Friday, April 28th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.14. The business had revenue of $844.60 million during the quarter, compared to the consensus estimate of $830.44 million. Aaron’s, had a return on equity of 11.81% and a net margin of 4.47%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Equities analysts predict that Aaron’s, Inc. will post $2.40 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 27th will be paid a $0.0275 dividend. The ex-dividend date is Friday, June 23rd. This represents a $0.11 annualized dividend and a yield of 0.29%. Aaron’s, ‘s dividend payout ratio (DPR) is presently 5.58%.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, May 2nd. Jefferies Group LLC increased their price objective on Aaron’s, from $34.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, May 1st. TheStreet raised Aaron’s, from a “c+” rating to a “b-” rating in a research report on Monday, April 24th. Finally, Loop Capital reissued a “hold” rating and issued a $28.00 price objective on shares of Aaron’s, in a research report on Sunday, April 23rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $38.00.

In related news, CAO Robert W. Kamerschen sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $37.39, for a total value of $186,950.00. Following the completion of the sale, the chief accounting officer now directly owns 31,999 shares in the company, valued at approximately $1,196,442.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Robert W. Kamerschen sold 4,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $30.32, for a total value of $121,280.00. Following the completion of the sale, the chief accounting officer now owns 36,999 shares of the company’s stock, valued at $1,121,809.68. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $860,230 over the last 90 days. 1.93% of the stock is currently owned by corporate insiders.

About Aaron’s,

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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