Crossmark Global Holdings Inc. Purchases New Holdings in Aaron’s, Inc. (AAN)
Crossmark Global Holdings Inc. purchased a new stake in Aaron’s, Inc. (NYSE:AAN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,944 shares of the company’s stock, valued at approximately $521,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Quadrant L P CA increased its holdings in shares of Aaron’s, by 17.3% in the 3rd quarter. First Quadrant L P CA now owns 30,961 shares of the company’s stock valued at $1,351,000 after purchasing an additional 4,561 shares in the last quarter. Aperio Group LLC increased its holdings in Aaron’s, by 14.7% during the 3rd quarter. Aperio Group LLC now owns 250,958 shares of the company’s stock valued at $10,949,000 after acquiring an additional 32,142 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Aaron’s, by 32.9% during the 3rd quarter. Nationwide Fund Advisors now owns 204,188 shares of the company’s stock valued at $8,909,000 after acquiring an additional 50,561 shares in the last quarter. APG Asset Management N.V. purchased a new position in Aaron’s, during the 3rd quarter valued at about $7,120,000. Finally, Oakbrook Investments LLC purchased a new position in Aaron’s, during the 3rd quarter valued at about $212,000.
Aaron’s, Inc. (NYSE AAN) opened at $36.46 on Friday. Aaron’s, Inc. has a 1-year low of $26.12 and a 1-year high of $48.22. The company has a market cap of $2,579.95, a price-to-earnings ratio of 15.13 and a beta of 0.23. 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, (NYSE:AAN) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.11). The company had revenue of $838.80 million during the quarter, compared to analyst estimates of $827.20 million. Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. equities analysts forecast that Aaron’s, Inc. will post 2.47 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Wednesday, December 13th will be given a $0.03 dividend. The ex-dividend date is Tuesday, December 12th. This is a boost from Aaron’s, ‘s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.33%. Aaron’s, ‘s payout ratio is 5.79%.
In other Aaron’s, news, insider Curtis Linn Doman sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 101,775 shares in the company, valued at approximately $4,411,946.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.24, for a total value of $543,600.00. Following the sale, the chief executive officer now owns 337,340 shares in the company, valued at approximately $12,225,201.60. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 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 currently owned by insiders.
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Several equities research analysts have issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron’s, in a research note on Thursday, September 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target on shares of Aaron’s, in a research note on Friday, September 1st. Northcoast Research reaffirmed a “buy” rating and set a $52.50 price target (up from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Finally, Loop Capital raised shares of Aaron’s, from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.06.
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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