Legal & General Group Plc Acquires 4,572 Shares of Aaron’s, Inc. (AAN)

Legal & General Group Plc grew its holdings in Aaron’s, Inc. (NYSE:AAN) by 5.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,597 shares of the company’s stock after buying an additional 4,572 shares during the period. Legal & General Group Plc owned approximately 0.12% of Aaron’s worth $3,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of Aaron’s by 104.4% during the 3rd quarter. Nordea Investment Management AB now owns 116,500 shares of the company’s stock worth $5,083,000 after purchasing an additional 59,500 shares during the period. American International Group Inc. boosted its stake in shares of Aaron’s by 2.0% during the 3rd quarter. American International Group Inc. now owns 169,836 shares of the company’s stock worth $7,410,000 after purchasing an additional 3,276 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aaron’s by 156.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,795 shares of the company’s stock worth $296,000 after purchasing an additional 4,146 shares during the period. EAM Investors LLC purchased a new position in shares of Aaron’s during the 3rd quarter worth about $2,032,000. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Aaron’s by 8.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 502,221 shares of the company’s stock worth $21,912,000 after purchasing an additional 40,526 shares during the period.

In other news, CEO John W. Robinson sold 15,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.24, for a total value of $543,600.00. Following the completion of the sale, the chief executive officer now owns 337,340 shares in the company, valued at approximately $12,225,201.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven A. Michaels sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total transaction of $148,600.00. Following the completion of the sale, the chief financial officer now owns 56,769 shares of the company’s stock, valued at approximately $2,108,968.35. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 659,000 shares of company stock valued at $28,360 and have sold 19,003 shares valued at $692,308. Company insiders own 1.93% of the company’s stock.

Shares of Aaron’s, Inc. (AAN) opened at $40.26 on Friday. Aaron’s, Inc. has a twelve month low of $26.12 and a twelve month high of $48.22. The firm has a market cap of $2,869.36, a PE ratio of 16.83 and a beta of 0.23. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). Aaron’s had a net margin of 4.15% and a return on equity of 11.41%. The company had revenue of $838.80 million for the quarter, compared to the consensus estimate of $827.20 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. equities analysts forecast that Aaron’s, Inc. will post 2.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.03 per share. This is a positive change from Aaron’s’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. Aaron’s’s dividend payout ratio (DPR) is presently 6.32%.

A number of equities analysts recently commented on the stock. Jefferies Group reaffirmed a “buy” rating and set a $54.00 price target on shares of Aaron’s in a research note on Thursday, August 31st. 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. Zacks Investment Research cut shares of Aaron’s from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Off Wall Street assumed coverage on shares of Aaron’s in a research note on Monday, September 18th. They set a “sell” rating for the company. Finally, Janney Montgomery Scott assumed coverage on shares of Aaron’s in a research note on Wednesday, October 18th. They set a “neutral” rating and a $42.00 price target for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Aaron’s presently has an average rating of “Buy” and an average price target of $43.30.

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Aaron’s 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.

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

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