Summit Financial Wealth Advisors LLC bought a new stake in Aaron’s, Inc. (NYSE:AAN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,433 shares of the company’s stock, valued at approximately $2,898,000. Aaron’s, comprises 1.1% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 29th largest position. Summit Financial Wealth Advisors LLC owned 0.09% of Aaron’s, at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aaron’s, by 13.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,649 shares of the company’s stock valued at $103,000 after acquiring an additional 312 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Aaron’s, by 34.5% in the second quarter. LS Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $103,000 after acquiring an additional 682 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Aaron’s, by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 3,930 shares of the company’s stock valued at $153,000 after acquiring an additional 1,630 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Aaron’s, by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,708 shares of the company’s stock valued at $183,000 after acquiring an additional 705 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in Aaron’s, in the third quarter valued at approximately $209,000.

In other news, insider Curtis Linn Doman sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of C$43.35, for a total transaction of C$1,300,500.00. Following the transaction, the insider now directly owns 101,775 shares of the company’s stock, valued at C$4,411,946.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Robinson sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of C$36.24, for a total value of C$543,600.00. Following the transaction, the chief executive officer now directly owns 337,340 shares in the company, valued at C$12,225,201.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 2,913,000 shares of company stock worth $118,730 and have sold 60,779 shares worth $2,511,865. 1.93% of the stock is owned by corporate insiders.

AAN has been the topic of several analyst reports. Off Wall Street started coverage on Aaron’s, in a report on Monday, September 18th. They issued a “sell” rating on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $54.00 price target on shares of Aaron’s, in a research note on Thursday, September 7th. KeyCorp raised Aaron’s, from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Thursday, September 28th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Aaron’s, in a research note on Monday, July 31st. Finally, Zacks Investment Research lowered Aaron’s, from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$43.06.

Shares of Aaron’s, Inc. (AAN) traded up C$0.97 during trading hours on Monday, hitting C$36.59. The stock had a trading volume of 1,214,900 shares, compared to its average volume of 834,629. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. Aaron’s, Inc. has a one year low of C$26.12 and a one year high of C$48.22. The firm has a market capitalization of $2,589.15, a price-to-earnings ratio of 15.18 and a beta of 0.23.

Aaron’s, (NYSE:AAN) last issued its earnings results on Friday, October 27th. The company reported C$0.43 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.54 by C($0.11). Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The firm had revenue of C$838.80 million for the quarter, compared to analyst estimates of C$827.20 million. During the same period in the previous year, the company earned $0.50 earnings per share. Aaron’s, ‘s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts anticipate that Aaron’s, Inc. will post 2.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from Aaron’s, ‘s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 12th. Aaron’s, ‘s dividend payout ratio is presently 5.79%.

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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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