Newest Short Interest Filing: Does Aarons Incorporated (NYSE:AAN) Have Gas After Even More Sellers Involved?

November 23, 2016 - By kentuckypostne   ·   0 Comments

Newest Short Interest Filing: Does Aarons Incorporated (NYSE:AAN) Have Gas After Even More Sellers Involved?

The stock of Aarons Incorporated (NYSE:AAN) registered an increase of 8.33% in short interest. AAN’s total short interest was 3.51 million shares in November as published by FINRA. Its up 8.33% from 3.24 million shares, reported previously. With 611,000 shares average volume, it will take short sellers 6 days to cover their AAN’s short positions. The short interest to Aarons Incorporated’s float is 5.45%. The stock increased 1.02% or $0.3 during the last trading session, hitting $29.64. Aaron’s, Inc. (NYSE:AAN) has risen 13.13% since April 21, 2016 and is uptrending. It has outperformed by 7.80% the S&P500.

Aaron’s, Inc. is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The company has a market cap of $2.14 billion. The Company’s operating divisions include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. It has a 15.57 P/E ratio. The Company’s store activities engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators.

Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.01, from 1.26 in 2016Q1. The ratio improved, as 26 funds sold all Aaron’s, Inc. shares owned while 61 reduced positions. 31 funds bought stakes while 79 increased positions. They now own 65.85 million shares or 6.53% more from 61.81 million shares in 2016Q1.
Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in Aaron’s, Inc. (NYSE:AAN). Art Advisors Ltd Liability has 98,983 shares for 0.11% of their US portfolio. Ladenburg Thalmann Serv Inc accumulated 1,523 shares or 0% of the stock. Tudor Investment Et Al holds 56,786 shares or 0.03% of its portfolio. First Advisors Limited Partnership holds 0.07% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 1.02 million shares. Cipher Cap Lp accumulated 0.28% or 181,140 shares. Envestnet Asset Mgmt Incorporated, a Illinois-based fund reported 12,775 shares. The New York-based Morgan Stanley has invested 0% in Aaron’s, Inc. (NYSE:AAN). Cornercap Inv Counsel Inc last reported 0.23% of its portfolio in the stock. Capstone Asset Mgmt Co has 11,474 shares for 0.01% of their US portfolio. Moreover, Thrivent Fin For Lutherans has 0.05% invested in Aaron’s, Inc. (NYSE:AAN) for 478,348 shares. Creative Planning holds 0% or 2,437 shares in its portfolio. Lapides Asset Ltd Liability Com has invested 0.84% of its portfolio in Aaron’s, Inc. (NYSE:AAN). State Street has 0.01% invested in the company for 2.65 million shares. Springbok Capital Mngmt Ltd Liability holds 51,600 shares or 0.16% of its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 1 buy, and 0 insider sales for $1.01 million net activity. Yanker Robert H also bought $1.01 million worth of Aaron’s, Inc. (NYSE:AAN) on Friday, August 19.

Aaron’s, Inc. (NYSE:AAN) Ratings Coverage

Out of 8 analysts covering Aaron’s Inc (NYSE:AAN), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $40 is the highest target while $30 is the lowest. The $34.90 average target is 17.75% above today’s ($29.64) stock price. Aaron’s Inc has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 13 by Jefferies. Topeka Capital Markets initiated Aaron’s, Inc. (NYSE:AAN) on Tuesday, May 24 with “Buy” rating. The stock of Aaron’s, Inc. (NYSE:AAN) has “Strong Buy” rating given on Tuesday, January 19 by Raymond James. As per Thursday, October 29, the company rating was downgraded by KeyBanc Capital Markets. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, September 22. Cantor Fitzgerald downgraded the shares of AAN in a report on Friday, October 30 to “Hold” rating. The rating was upgraded by Cantor Fitzgerald to “Buy” on Friday, August 14. The stock of Aaron’s, Inc. (NYSE:AAN) earned “Hold” rating by Cantor Fitzgerald on Thursday, July 23. On Monday, November 2 the stock rating was maintained by Stifel Nicolaus with “Buy”.

AAN Company Profile

Aaron’s, Inc. (Aaron’s), incorporated on March 28, 1962, is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company’s operating divisions include Sales and Lease Ownership, Progressive, HomeSmart, DAMI, Franchise, Manufacturing and Others. The Company’s store activities engage in the lease ownership and retail sale of a range of products, such televisions, computers, tablets, mobile phones, living room, dining room and bedroom furniture, mattresses, washers, dryers and refrigerators. The Company’s stores carry brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Whirlpool, Simmons, Philips, JVC, Sharp and Magnavox. The Firm has approximately 2,040 stores, which consist of over 1,300 Company-operated stores in approximately 30 states, the District of Columbia and Canada, and over 730 independently owned franchised stores in approximately 47 states and Canada.

More important recent Aaron’s, Inc. (NYSE:AAN) news were published by: Prnewswire.com which released: “Aaron’s, Inc. Directors Raise Dividend by 10.0%” on November 02, 2016, also Prnewswire.com published article titled: “Aaron’s Remodels Boys & Girls Keystone Club For Miami Teens”, Prnewswire.com published: “Aaron’s, Inc. Reports First Quarter 2016 Results” on April 29, 2016. More interesting news about Aaron’s, Inc. (NYSE:AAN) was released by: Prnewswire.com and their article: “Aaron’s, Inc. Reports Second Quarter 2016 Results” with publication date: July 29, 2016.

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