Strs Ohio Increases Position in Aaron’s, Inc. (AAN)

Strs Ohio increased its stake in shares of Aaron’s, Inc. (NYSE:AAN) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,600 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Strs Ohio’s holdings in Aaron’s were worth $1,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV purchased a new stake in Aaron’s during the 3rd quarter worth about $192,000. ARP Americas LLC purchased a new stake in shares of Aaron’s in the 3rd quarter valued at about $209,000. Shelton Capital Management purchased a new stake in shares of Aaron’s in the 3rd quarter valued at about $210,000. Oakbrook Investments LLC purchased a new stake in shares of Aaron’s in the 3rd quarter valued at about $212,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Aaron’s in the 2nd quarter valued at about $211,000. 99.19% of the stock is currently owned by institutional investors and hedge funds.

AAN has been the topic of several recent analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 price target on shares of Aaron’s in a report on Tuesday, December 26th. Northcoast Research set a $53.00 price target on Aaron’s and gave the company a “buy” rating in a report on Friday, December 1st. Sidoti raised Aaron’s from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, November 29th. Loop Capital raised Aaron’s from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised Aaron’s from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $46.10.

Shares of Aaron’s, Inc. (NYSE:AAN) traded up $0.99 during midday trading on Friday, hitting $39.46. The company had a trading volume of 970,593 shares, compared to its average volume of 642,379. The stock has a market cap of $2,792.23, a PE ratio of 20.77 and a beta of 0.20. The company has a current ratio of 2.35, a quick ratio of 0.74 and a debt-to-equity ratio of 0.24. Aaron’s, Inc. has a 52 week low of $26.12 and a 52 week high of $48.22.

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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.

Institutional Ownership by Quarter for Aaron`s (NYSE:AAN)

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