Eqis Capital Management Inc. Buys 1,325 Shares of Aaron’s, Inc. (AAN)

Eqis Capital Management Inc. increased its position in Aaron’s, Inc. (NYSE:AAN) by 17.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,959 shares of the company’s stock after buying an additional 1,325 shares during the period. Eqis Capital Management Inc.’s holdings in Aaron’s, were worth $349,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Hillcrest Asset Management LLC boosted its position in Aaron’s, by 8.0% in the first quarter. Hillcrest Asset Management LLC now owns 341,614 shares of the company’s stock worth $10,160,000 after buying an additional 25,186 shares during the period. North Point Portfolio Managers Corp OH boosted its position in Aaron’s, by 1.9% in the first quarter. North Point Portfolio Managers Corp OH now owns 266,254 shares of the company’s stock worth $7,918,000 after buying an additional 4,870 shares during the period. Glen Harbor Capital Management LLC boosted its position in Aaron’s, by 5.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,318 shares of the company’s stock worth $128,000 after buying an additional 204 shares during the period. ProShare Advisors LLC boosted its position in Aaron’s, by 15.0% in the first quarter. ProShare Advisors LLC now owns 239,415 shares of the company’s stock worth $7,120,000 after buying an additional 31,309 shares during the period. Finally, Palisade Capital Management LLC NJ boosted its position in Aaron’s, by 7.1% in the first quarter. Palisade Capital Management LLC NJ now owns 384,098 shares of the company’s stock worth $11,423,000 after buying an additional 25,595 shares during the period. 99.83% of the stock is owned by institutional investors.

Aaron’s, Inc. (NYSE AAN) traded up 0.23% during trading on Friday, reaching $43.53. The company had a trading volume of 1,108,686 shares. The company has a 50-day moving average price of $41.89 and a 200 day moving average price of $34.98. Aaron’s, Inc. has a 52-week low of $22.37 and a 52-week high of $48.22. The stock has a market cap of $3.08 billion, a PE ratio of 22.37 and a beta of 0.17.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.027 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.25%. Aaron’s, ‘s payout ratio is currently 5.64%.

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A number of research firms have recently weighed in on AAN. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price target (up from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. Jefferies Group LLC reissued a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Northcoast Research reiterated 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. Finally, BidaskClub lowered Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.50.

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

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.

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

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