Aaron's (AAN) : Selway Asset Management added new position in Aaron's during the most recent quarter end. The investment management firm now holds 72,900 shares of Aaron's which is valued at $1,736,478 , the company said in a statement filed on Aug 2, 2016 with the SEC.Aaron's makes up approximately 1.07% of Selway Asset Management’s portfolio.
Other Hedge Funds, Including , Quantbot Technologies Lp added AAN to its portfolio by purchasing 14,163 company shares during the most recent quarter which is valued at $337,363. Aaron's makes up approx 0.03% of Quantbot Technologies Lp’s portfolio.Gemmer Asset Management boosted its stake in AAN in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 248 shares of Aaron's which is valued at $5,637. Fox Run Management L.l.c. added AAN to its portfolio by purchasing 29,900 company shares during the most recent quarter which is valued at $690,391. Aaron's makes up approx 0.32% of Fox Run Management L.l.c.’s portfolio.
Aaron's closed down -0.09 points or -0.36% at $24.57 with 3,20,746 shares getting traded on Monday. Post opening the session at $24.75, the shares hit an intraday low of $24.44 and an intraday high of $24.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Aaron's reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.57. The company had revenue of $789.40 million for the quarter, compared to analysts expectations of $807.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Many Wall Street Analysts have commented on Aaron's. Topeka Capital Markets Initiated Aaron's on May 24, 2016 to “Buy”, Price Target of the shares are set at $30.
Aaron’s Inc. (Aaron’s) is a specialty retailer of furniture consumer electronics computers appliances and household accessories. The Company operates through five segments: The Aaron’s Sales and Lease Ownership segment which offers furniture electronics appliances and computers to consumers on a monthly payment basis; Progressive which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment which offers furniture electronics appliances and computers to consumers on a weekly payment basis; Franchise which awards franchises and supports franchisees of its sales and lease ownership concept and Manufacturing segment which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores. Its products include flat-screen televisions computers tablets living room dining room and bedroom furniture among others. Its brands include Samsung Frigidaire Hewlett-Packard LG Maytag RCA and JVC.