Ameritas Investment Partners Inc. held its stake in shares of Aaron’s, Inc. (NYSE:AAN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,937 shares of the company’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc. owned about 0.06% of Aaron’s, worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Aaron’s, by 13.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Aaron’s, by 34.5% during the 2nd quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after acquiring an additional 682 shares during the last quarter. Riverhead Capital Management LLC raised its position in shares of Aaron’s, by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after acquiring an additional 1,630 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Aaron’s, by 24.1% during the 1st quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock valued at $119,000 after acquiring an additional 778 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Aaron’s, during the 2nd quarter valued at $201,000.

AAN has been the subject of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 target price on shares of Aaron’s, in a research report on Thursday, September 7th. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 target price on shares of Aaron’s, in a research report on Friday, September 1st. Northcoast Research reiterated a “buy” rating and set a $52.50 target price (up previously from $45.00) on shares of Aaron’s, in a research report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a research report on Monday, July 31st. Finally, BidaskClub cut shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.36.

Aaron’s, Inc. (NYSE:AAN) traded up 0.29% during mid-day trading on Monday, hitting $42.22. 23,982 shares of the company were exchanged. Aaron’s, Inc. has a 12-month low of $22.37 and a 12-month high of $48.22. The company has a market capitalization of $2.99 billion, a P/E ratio of 21.70 and a beta of 0.21. The company’s 50-day moving average is $42.46 and its 200 day moving average is $38.99.

Aaron’s, (NYSE:AAN) last issued its quarterly earnings results on Friday, July 28th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. The company had revenue of $815.60 million for the quarter, compared to analyst estimates of $786.12 million. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. Aaron’s, ‘s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. Analysts expect that Aaron’s, Inc. will post $2.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is presently 5.64%.

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In related news, insider Robert P. Sinclair, Jr. sold 4,000 shares of Aaron’s, stock in a transaction on Monday, August 21st. The shares were 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 owns 12,469 shares of the company’s stock, valued at $542,027.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Curtis Linn Doman sold 30,000 shares of Aaron’s, stock in a transaction on Friday, August 25th. The stock was sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the transaction, the insider now directly owns 101,775 shares of the company’s stock, valued at approximately $4,411,946.25. The disclosure for this sale can be found here. Insiders have sold 61,776 shares of company stock valued at $2,742,507 in the last three months. 1.93% of the stock is owned by insiders.

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

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