Foundry Partners LLC boosted its position in shares of Aaron’s, Inc. (NYSE:AAN) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 287,082 shares of the company’s stock after buying an additional 16,555 shares during the period. Foundry Partners LLC’s holdings in Aaron’s, were worth $11,167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LS Investment Advisors LLC raised its position in shares of Aaron’s, by 34.5% in the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock worth $103,000 after buying an additional 682 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Aaron’s, by 5.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,556 shares of the company’s stock worth $106,000 after buying an additional 168 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Aaron’s, by 24.1% in the first quarter. Victory Capital Management Inc. now owns 4,003 shares of the company’s stock worth $119,000 after buying an additional 778 shares during the last quarter. TrimTabs Asset Management LLC raised its position in shares of Aaron’s, by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 4,048 shares of the company’s stock worth $120,000 after buying an additional 1,904 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Aaron’s, by 29.5% in the first quarter. Bank of Montreal Can now owns 4,219 shares of the company’s stock worth $126,000 after buying an additional 961 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Aaron’s, Inc. (NYSE:AAN) opened at 45.19 on Friday. The firm’s 50-day moving average price is $41.12 and its 200 day moving average price is $34.50. Aaron’s, Inc. has a 1-year low of $22.37 and a 1-year high of $48.22. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 23.22 and a beta of 0.17.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, July 28th. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The company had revenue of $815.60 million for the quarter, compared to analyst estimates of $786.12 million. During the same period in the prior year, the company posted $0.59 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Aaron’s, Inc. will post $2.56 EPS for the current year.

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A number of research analysts recently commented on the company. SunTrust Banks, Inc. restated a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating on shares of Aaron’s, in a research note on Sunday, July 30th. Northcoast Research restated a “buy” rating and issued a $52.50 target price (up from $45.00) on shares of Aaron’s, in a research note on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and issued a $55.00 target price (up from $40.00) on shares of Aaron’s, in a research note on Sunday, July 30th. Finally, TheStreet upgraded Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $42.50.

In related news, CEO John W. Robinson sold 15,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.11, for a total value of $691,650.00. Following the sale, the chief executive officer now directly owns 348,440 shares of the company’s stock, valued at approximately $16,066,568.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven A. Michaels sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $46.26, for a total transaction of $231,300.00. Following the completion of the sale, the chief financial officer now directly owns 61,095 shares in the company, valued at $2,826,254.70. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.

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

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