Traders Buy High Volume of Put Options on Aaron’s (AAN)

Aaron’s, Inc. (NYSE:AAN) was the recipient of some unusual options trading activity on Friday. Traders acquired 1,506 put options on the stock. This represents an increase of approximately 1,176% compared to the average daily volume of 118 put options.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TrimTabs Asset Management LLC boosted its stake in shares of Aaron’s by 17.2% in the 3rd quarter. TrimTabs Asset Management LLC now owns 9,709 shares of the company’s stock valued at $424,000 after purchasing an additional 1,422 shares during the last quarter. Strs Ohio boosted its stake in shares of Aaron’s by 4.8% in the 4th quarter. Strs Ohio now owns 34,600 shares of the company’s stock valued at $1,378,000 after purchasing an additional 1,600 shares during the last quarter. ING Groep NV boosted its stake in shares of Aaron’s by 23.3% in the 4th quarter. ING Groep NV now owns 9,396 shares of the company’s stock valued at $374,000 after purchasing an additional 1,773 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Aaron’s by 2.2% in the 2nd quarter. Voya Investment Management LLC now owns 116,532 shares of the company’s stock valued at $4,533,000 after purchasing an additional 2,478 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Aaron’s by 36.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,274 shares of the company’s stock valued at $370,000 after purchasing an additional 2,479 shares during the last quarter. 99.19% of the stock is currently owned by institutional investors.

Aaron’s (NYSE AAN) opened at $39.46 on Monday. The stock has a market cap of $2,790.00, a PE ratio of 20.88 and a beta of 0.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. Aaron’s has a one year low of $26.12 and a one year high of $48.22.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Loop Capital cut shares of Aaron’s from a “buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 10th. Stephens restated a “buy” rating and issued a $61.00 price objective on shares of Aaron’s in a research report on Wednesday, January 3rd. Finally, Jefferies Group restated a “buy” rating and issued a $54.00 price objective on shares of Aaron’s in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.10.

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Aaron’s Company 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.

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