Skyline Asset Management Lp buys $29,360,109 stake in Aaron's (AAN)

Aaron's (AAN) : Skyline Asset Management Lp scooped up 1,800 additional shares in Aaron's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,049,700 shares of Aaron's which is valued at $29,360,109.Aaron's makes up approximately 1.95% of Skyline Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in AAN during the most recent quarter. The investment firm sold 9,431 shares of AAN which is valued $263,785.Profund Advisors reduced its stake in AAN by selling 3,156 shares or 21.51% in the most recent quarter. The Hedge Fund company now holds 11,519 shares of AAN which is valued at $308,133. Aaron's makes up approx 0.01% of Profund Advisors’s portfolio. Lucus Advisors added AAN to its portfolio by purchasing 15,867 company shares during the most recent quarter which is valued at $400,800. Aaron's makes up approx 0.39% of Lucus Advisors’s portfolio.Next Financial Group Inc boosted its stake in AAN in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 530 shares of Aaron's which is valued at $13,149.California Public Employees Retirement System reduced its stake in AAN by selling 5,300 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 197,000 shares of AAN which is valued at $4,633,440. Aaron's makes up approx 0.01% of California Public Employees Retirement System’s portfolio.

Aaron's opened for trading at $28.74 and hit $29.1 on the upside on Monday, eventually ending the session at $29.01, with a gain of 1.29% or 0.37 points. The heightened volatility saw the trading volume jump to 9,25,144 shares. Company has a market cap of $2,072 M.

On the company’s financial health, Aaron's reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 28, 2016. Analyst had a consensus of $0.47. The company had revenue of $768.98 million for the quarter, compared to analysts expectations of $778.73 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Aaron's. Jefferies Initiated Aaron's on Oct 13, 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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