California State Teachers Retirement System increased its holdings in shares of Aaron’s, Inc. (NYSE:AAN) by 0.2% in the first quarter, HoldingsChannel reports. The firm owned 108,572 shares of the company’s stock after purchasing an additional 181 shares during the quarter. California State Teachers Retirement System’s holdings in Aaron’s were worth $5,711,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC increased its position in shares of Aaron’s by 531.9% in the fourth quarter. Global Retirement Partners LLC now owns 594 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Aaron’s by 4,622.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,151,876 shares of the company’s stock worth $27,000 after purchasing an additional 1,127,485 shares during the period. Penserra Capital Management LLC bought a new position in shares of Aaron’s in the first quarter worth $28,000. CX Institutional bought a new position in shares of Aaron’s in the first quarter worth $32,000. Finally, Pearl River Capital LLC bought a new position in shares of Aaron’s in the fourth quarter worth $104,000. 97.77% of the stock is owned by institutional investors and hedge funds.
In other Aaron’s news, CFO Steven A. Michaels sold 5,000 shares of Aaron’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $55.89, for a total value of $279,450.00. Following the transaction, the chief financial officer now owns 55,154 shares in the company, valued at $3,082,557.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray M. Robinson sold 3,000 shares of Aaron’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $54.00, for a total value of $162,000.00. Following the completion of the transaction, the director now owns 29,912 shares in the company, valued at approximately $1,615,248. The disclosure for this sale can be found here. In the last quarter, insiders sold 170,720 shares of company stock worth $8,894,952. Company insiders own 2.78% of the company’s stock.
Aaron’s stock opened at $59.05 on Wednesday. Aaron’s, Inc. has a 12-month low of $39.28 and a 12-month high of $60.45. The company has a current ratio of 2.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 0.97 and a beta of 0.48.
Aaron’s (NYSE:AAN) last released its earnings results on Thursday, April 25th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.15. Aaron’s had a return on equity of 14.31% and a net margin of 5.15%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $991.09 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Aaron’s, Inc. will post 3.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Tuesday, June 18th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Monday, June 17th. Aaron’s’s dividend payout ratio is presently 4.17%.
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Aaron's, Inc operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in three segments: Progressive Leasing, Aaron's Business, and DAMI. The company also engages in the sale, lease ownership, and specialty retailing of furniture, consumer electronics, home appliances, and accessories.
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