Lapides Asset Management buys $5,198,717 stake in Aaron's (AAN)

Aaron's (AAN) : Lapides Asset Management scooped up 4,300 additional shares in Aaron's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 208,700 shares of Aaron's which is valued at $5,198,717.Aaron's makes up approximately 0.85% of Lapides Asset Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in AAN by selling 11,831 shares or 35.48% in the most recent quarter. The Hedge Fund company now holds 21,518 shares of AAN which is valued at $512,559. Aaron's makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.

Aaron's opened for trading at $24.87 and hit $25.18 on the upside on Monday, eventually ending the session at $25.05, with a gain of 1.09% or 0.27 points. The heightened volatility saw the trading volume jump to 2,35,231 shares. Company has a market cap of $1,823 M.

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.

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