Cipher Capital LP trimmed its holdings in Aaron’s, Inc. (NYSE:AAN) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,753 shares of the company’s stock after selling 12,187 shares during the period. Cipher Capital LP owned about 0.17% of Aaron’s, worth $5,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AAN. LS Investment Advisors LLC lifted its stake in shares of 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 buying an additional 682 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 purchasing an additional 312 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of 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 purchasing an additional 1,630 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of 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 purchasing an additional 705 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Aaron’s, in the second quarter valued at about $201,000.

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In other news, CFO Steven A. Michaels sold 4,000 shares of Aaron’s, stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $37.15, for a total value of $148,600.00. Following the completion of the transaction, the chief financial officer now owns 56,769 shares in the company, valued at $2,108,968.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Curtis Linn Doman sold 30,000 shares of Aaron’s, stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $43.35, for a total transaction of $1,300,500.00. Following the completion of the transaction, the insider now owns 101,775 shares of the company’s stock, valued at approximately $4,411,946.25. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,913,000 shares of company stock valued at $118,730 and have sold 60,779 shares valued at $2,511,865. Company insiders own 1.93% of the company’s stock.

Aaron’s, Inc. (AAN) traded up $0.70 during midday trading on Friday, reaching $36.50. 784,100 shares of the company were exchanged, compared to its average volume of 834,856. Aaron’s, Inc. has a 1-year low of $26.12 and a 1-year high of $48.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. The stock has a market capitalization of $2,533.24, a P/E ratio of 14.85 and a beta of 0.23.

Aaron’s, (NYSE:AAN) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.11). Aaron’s, had a return on equity of 11.41% and a net margin of 4.15%. The company had revenue of $838.80 million for the quarter, compared to analysts’ expectations of $827.20 million. During the same quarter last year, the business posted $0.50 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. research analysts predict that Aaron’s, Inc. will post 2.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, December 12th. This is an increase from Aaron’s, ‘s previous quarterly dividend of $0.03. Aaron’s, ‘s dividend payout ratio (DPR) is 5.79%.

Several analysts have recently commented on the stock. Northcoast Research reiterated a “buy” rating and issued a $52.50 target price (up previously from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 target price on shares of Aaron’s, in a report on Friday, September 1st. Off Wall Street assumed coverage on shares of Aaron’s, in a report on Monday, September 18th. They issued a “sell” rating for the company. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.06.

About Aaron’s,

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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