Aaron's (AAN) : North Point Portfolio Managers Corpoh reduced its stake in Aaron's by 2.28% during the most recent quarter end. The investment management company now holds a total of 274,777 shares of Aaron's which is valued at $6,292,393 after selling 6,420 shares in Aaron's , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Aaron's makes up approximately 1.20% of North Point Portfolio Managers Corpoh’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in AAN in the latest quarter, The investment management firm added 401,496 additional shares and now holds a total of 484,821 shares of Aaron's which is valued at $11,102,401. Aaron's makes up approx 0.06% of Retirement Systems Of Alabama’s portfolio. Ls Investment Advisors added AAN to its portfolio by purchasing 1,582 company shares during the most recent quarter which is valued at $35,959.Weaver C. Barksdale Associates boosted its stake in AAN in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 590 shares of Aaron's which is valued at $13,918. Aaron's makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.
Aaron's opened for trading at $21.87 and hit $24.32 on the upside on Friday, eventually ending the session at $23.95, with a gain of 9.11% or 2 points. The heightened volatility saw the trading volume jump to 21,27,704 shares. Company has a market cap of $1,742 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.