Stevens Capital Management LP Raises Position in Aaron’s, Inc. (AAN)
Stevens Capital Management LP increased its position in Aaron’s, Inc. (NYSE:AAN) by 71.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,407 shares of the company’s stock after purchasing an additional 33,202 shares during the quarter. Stevens Capital Management LP owned approximately 0.11% of Aaron’s worth $3,450,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC bought a new position in Aaron’s in the first quarter worth $103,000. Great West Life Assurance Co. Can lifted its position in Aaron’s by 5.1% in the first quarter. Great West Life Assurance Co. Can now owns 37,559 shares of the company’s stock worth $1,751,000 after purchasing an additional 1,814 shares during the period. Hsbc Holdings PLC lifted its position in Aaron’s by 253.3% in the first quarter. Hsbc Holdings PLC now owns 74,148 shares of the company’s stock worth $3,456,000 after purchasing an additional 53,159 shares during the period. US Bancorp DE lifted its position in Aaron’s by 24.1% in the first quarter. US Bancorp DE now owns 25,125 shares of the company’s stock worth $1,169,000 after purchasing an additional 4,885 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Aaron’s by 16.5% in the first quarter. New York State Common Retirement Fund now owns 437,552 shares of the company’s stock worth $20,390,000 after purchasing an additional 61,992 shares during the period.
In other news, CEO Ryan K. Woodley sold 12,500 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $43.01, for a total value of $537,625.00. Following the completion of the sale, the chief executive officer now directly owns 146,550 shares in the company, valued at $6,303,115.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Curtis Linn Doman sold 35,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $50.00, for a total value of $1,750,000.00. Following the completion of the sale, the insider now owns 67,523 shares of the company’s stock, valued at $3,376,150. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,000 shares of company stock valued at $2,643,735. 2.28% of the stock is currently owned by corporate insiders.
Aaron’s stock opened at $50.49 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.60 and a quick ratio of 0.70. Aaron’s, Inc. has a 52-week low of $34.29 and a 52-week high of $51.53. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 19.72 and a beta of 0.03.
Aaron’s (NYSE:AAN) last released its quarterly earnings data on Thursday, July 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. Aaron’s had a return on equity of 11.54% and a net margin of 8.14%. The firm had revenue of $927.90 million during the quarter, compared to analyst estimates of $924.86 million. During the same period in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. equities analysts anticipate that Aaron’s, Inc. will post 3.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 20th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, September 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. Aaron’s’s dividend payout ratio (DPR) is presently 4.69%.
Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions. It operates through three segments: Progressive Leasing, Aaron's Business, and DAMI. The company engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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