Trellus Management Company adds Aaron's (AAN) to its portfolio

Aaron's (AAN) : Trellus Management Company added new position in Aaron's during the most recent quarter end. The investment management firm now holds 65,000 shares of Aaron's which is valued at $1,500,850 , the company said in a statement filed on Jul 18, 2016 with the SEC.Aaron's makes up approximately 3.39% of Trellus Management Company’s portfolio.

Other Hedge Funds, Including , 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.Cutler Group Lp reduced its stake in AAN by selling 13,670 shares or 94.47% in the most recent quarter. The Hedge Fund company now holds 800 shares of AAN which is valued at $18,872.

Aaron's closed down -0.05 points or -0.22% at $23.09 with 5,07,144 shares getting traded on Wednesday. Post opening the session at $23.2, the shares hit an intraday low of $23.01 and an intraday high of $23.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Aaron's reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.75. The company had revenue of $854.40 million for the quarter, compared to analysts expectations of $861.34 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 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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