Teachers Retirement System of The State of Kentucky decreased its position in The Aarons Company Inc. (NYSE:AAN) by 31.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,421 shares of the company’s stock after selling 112,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.71% of The Aarons worth $13,676,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of AAN. Captrust Financial Advisors grew its position in The Aarons by 71.3% during the second quarter. Captrust Financial Advisors now owns 6,550 shares of the company’s stock worth $297,000 after buying an additional 2,727 shares in the last quarter. Bank of Montreal Can grew its position in The Aarons by 1.6% during the second quarter. Bank of Montreal Can now owns 185,122 shares of the company’s stock worth $8,109,000 after buying an additional 2,915 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in The Aarons during the third quarter worth approximately $8,098,000. World Asset Management Inc acquired a new stake in The Aarons during the third quarter worth approximately $242,000. Finally, Charles Schwab Investment Management Inc. grew its position in The Aarons by 13.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 561,242 shares of the company’s stock worth $25,481,000 after buying an additional 65,128 shares in the last quarter. 6.53% of the stock is currently owned by institutional investors.
In related news, EVP Robert W. Kamerschen sold 2,491 shares of The Aarons stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $62.71, for a total value of $156,210.61. Following the sale, the executive vice president now owns 33,987 shares of the company’s stock, valued at approximately $2,131,324.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
AAN has been the subject of several recent analyst reports. Stephens cut The Aarons from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $70.00 to $27.00 in a research note on Monday, November 30th. Raymond James initiated coverage on The Aarons in a research note on Wednesday, December 2nd. They set a “market perform” rating for the company. KeyCorp initiated coverage on The Aarons in a research note on Wednesday, December 2nd. They set a “sector weight” rating for the company. ValuEngine cut The Aarons from a “hold” rating to a “sell” rating in a research note on Tuesday, September 15th. Finally, Northcoast Research restated a “neutral” rating on shares of The Aarons in a research note on Tuesday, December 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.09.
Shares of NYSE AAN opened at $18.96 on Friday. The Aarons Company Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $22.11. The firm’s 50-day simple moving average is $34.86 and its 200 day simple moving average is $48.43.
The Aarons (NYSE:AAN) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.36. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. As a group, sell-side analysts expect that The Aarons Company Inc. will post 3.02 earnings per share for the current year.
The Aarons Company Profile
The Aarons Company Inc provides lease-purchase solutions. It engages in direct-to-consumer sales and lease ownership of furniture, home appliances, consumer electronics, and accessories through its approximately 1,400 Company-operated and franchised stores in United States Canada, and Puerto Rico, as well as its e-commerce platform.
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