Northern Trust Corp decreased its position in shares of Aaron’s, Inc. (NYSE:AAN) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,644,617 shares of the company’s stock after selling 3,802 shares during the quarter. Northern Trust Corp owned approximately 2.40% of Aaron’s worth $69,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. TrimTabs Asset Management LLC acquired a new position in shares of Aaron’s during the 4th quarter valued at about $1,130,000. Morgan Stanley lifted its position in Aaron’s by 19.3% in the third quarter. Morgan Stanley now owns 409,137 shares of the company’s stock valued at $22,282,000 after buying an additional 66,180 shares during the last quarter. Dupont Capital Management Corp lifted its position in Aaron’s by 42.7% in the fourth quarter. Dupont Capital Management Corp now owns 56,511 shares of the company’s stock valued at $2,376,000 after buying an additional 16,903 shares during the last quarter. Vanguard Group Inc. lifted its position in Aaron’s by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,720,319 shares of the company’s stock valued at $365,989,000 after buying an additional 100,211 shares during the last quarter. Finally, ETF Managers Group LLC lifted its position in Aaron’s by 2,434.5% in the fourth quarter. ETF Managers Group LLC now owns 61,258 shares of the company’s stock valued at $2,576,000 after buying an additional 58,841 shares during the last quarter.

NYSE AAN opened at $51.67 on Friday. Aaron’s, Inc. has a 12 month low of $38.77 and a 12 month high of $56.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.49 and a current ratio of 2.55. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.95 and a beta of 0.47.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Thursday, February 14th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.01). The business had revenue of $993.20 million for the quarter, compared to analysts’ expectations of $966.29 million. Aaron’s had a return on equity of 13.51% and a net margin of 5.12%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. As a group, analysts predict that Aaron’s, Inc. will post 3.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.035 per share. The ex-dividend date is Monday, March 18th. This represents a $0.14 dividend on an annualized basis and a yield of 0.27%. Aaron’s’s dividend payout ratio (DPR) is presently 4.17%.

A number of research firms have commented on AAN. Zacks Investment Research cut shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Stephens set a $57.00 target price on shares of Aaron’s and gave the company a “buy” rating in a research report on Friday, February 15th. KeyCorp reaffirmed a “buy” rating and issued a $68.00 target price on shares of Aaron’s in a research report on Friday, February 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 target price on shares of Aaron’s in a research report on Monday, February 18th. Finally, Raymond James reaffirmed a “buy” rating and issued a $61.00 target price on shares of Aaron’s in a research report on Sunday, February 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Aaron’s currently has a consensus rating of “Buy” and a consensus target price of $62.25.

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About Aaron’s

Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.

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

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