LS Investment Advisors LLC Has $103,000 Stake in Aaron’s, Inc. (NYSE:AAN)

LS Investment Advisors LLC increased its position in Aaron’s, Inc. (NYSE:AAN) by 34.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,659 shares of the company’s stock after buying an additional 682 shares during the period. LS Investment Advisors LLC’s holdings in Aaron’s, were worth $103,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Aaron’s, by 14,081.2% in the first quarter. BlackRock Inc. now owns 6,938,700 shares of the company’s stock worth $206,356,000 after buying an additional 6,889,771 shares during the period. LSV Asset Management boosted its stake in shares of Aaron’s, by 49.0% in the first quarter. LSV Asset Management now owns 2,020,086 shares of the company’s stock worth $60,077,000 after buying an additional 664,286 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Aaron’s, by 140.7% in the first quarter. Ameriprise Financial Inc. now owns 1,100,484 shares of the company’s stock worth $32,729,000 after buying an additional 643,365 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Aaron’s, by 70.6% in the first quarter. Bank of New York Mellon Corp now owns 1,399,062 shares of the company’s stock worth $41,607,000 after buying an additional 578,774 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Aaron’s, by 6.1% in the first quarter. Vanguard Group Inc. now owns 6,298,343 shares of the company’s stock worth $187,313,000 after buying an additional 361,856 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Aaron’s, Inc. (NYSE AAN) traded up 0.87% during midday trading on Friday, reaching $45.19. The company’s stock had a trading volume of 596,224 shares. Aaron’s, Inc. has a 1-year low of $22.37 and a 1-year high of $48.22. The firm has a market capitalization of $3.20 billion, a PE ratio of 23.22 and a beta of 0.17. The stock’s 50-day moving average price is $41.12 and its 200 day moving average price is $34.50.

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

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AAN has been the subject of a number of analyst reports. Zacks Investment Research upgraded Aaron’s, from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, May 2nd. BidaskClub cut Aaron’s, from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th. Loop Capital restated a “hold” rating and set a $28.00 price objective on shares of Aaron’s, in a research note on Sunday, April 23rd. Jefferies Group LLC upped their price objective on Aaron’s, from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Finally, TheStreet upgraded Aaron’s, from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Aaron’s, currently has a consensus rating of “Buy” and a consensus price target of $42.50.

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

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

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