Gotham Asset Management LLC Has $9.80 Million Stake in Aaron’s, Inc. (NYSE:AAN)

Gotham Asset Management LLC decreased its holdings in Aaron’s, Inc. (NYSE:AAN) by 27.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 252,020 shares of the company’s stock after selling 96,740 shares during the quarter. Gotham Asset Management LLC owned approximately 0.36% of Aaron’s, worth $9,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAN. BlackRock Inc. boosted its position in Aaron’s, by 14,081.2% during the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock valued at $206,356,000 after acquiring an additional 6,889,771 shares during the last quarter. AJO LP boosted its position in Aaron’s, by 267.0% during the second quarter. AJO LP now owns 1,468,601 shares of the company’s stock valued at $57,129,000 after acquiring an additional 1,068,399 shares during the last quarter. Principal Financial Group Inc. boosted its position in Aaron’s, by 223.7% during the second quarter. Principal Financial Group Inc. now owns 906,077 shares of the company’s stock valued at $35,246,000 after acquiring an additional 626,128 shares during the last quarter. Balyasny Asset Management LLC boosted its position in Aaron’s, by 5,204.8% during the second quarter. Balyasny Asset Management LLC now owns 468,257 shares of the company’s stock valued at $18,215,000 after acquiring an additional 459,430 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Aaron’s, by 6.1% during the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock valued at $187,313,000 after acquiring an additional 361,856 shares during the last quarter.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings results on Friday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Aaron’s, had a net margin of 4.36% and a return on equity of 12.00%. The company had revenue of $815.60 million during the quarter, compared to analyst estimates of $786.12 million. During the same period last year, the firm posted $0.59 EPS. Aaron’s, ‘s revenue for the quarter was up 3.3% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were given a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, September 14th. Aaron’s, ‘s dividend payout ratio is presently 5.64%.

AAN has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Aaron’s, from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. BidaskClub lowered shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and set a $54.00 price objective on shares of Aaron’s, in a report on Thursday, August 31st. KeyCorp upgraded shares of Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective on the stock in a report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price objective (up previously from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Aaron’s, has a consensus rating of “Hold” and an average price target of $44.94.

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In other news, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron’s, stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the insider now directly owns 11,469 shares of the company’s stock, valued at approximately $516,105. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan K. Woodley sold 6,776 shares of Aaron’s, stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $44.30, for a total transaction of $300,176.80. Following the transaction, the chief executive officer now directly owns 145,849 shares of the company’s stock, valued at $6,461,110.70. The disclosure for this sale can be found here. Insiders have sold a total of 61,776 shares of company stock valued at $2,742,507 over the last three months. 1.93% of the stock is currently owned by insiders.

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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