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AAN $58.37   View long term graphs

Aaron's, Inc.
Type
Public
Traded as NYSE: AAN
S&P 400 Component
Industry Furniture
Founded June 19, 1955; 62 years ago (1955-06-19)
Founder R. Charles Loudermilk
Headquarters Atlanta, Georgia, U.S.
Area served
North America
Key people
Ray Robinson
(Chairman)
John W. Robinson III
(CEO)
Products Furniture rental
Rent-to-own
Revenue

Increase $ 3.179 billion (FY 2015)

Operating income
Increase $ 139.8 million (FY 2014)
Net income
Decrease $ 78.2 million (FY 2014)
Total assets Increase $ 2.457 billion (FY 2014)
Total equity Decrease $ 1.224 billion (FY 2014)
Number of employees
12,400 (December 2014)
Subsidiaries Progressive Leasing
Website www.aarons.com

Increase $ 3.179 billion (FY 2015)

Aaron's, Inc. is a lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. In 2014, Aaron's completed the acquisition Progressive Finance, increasing their market share in both the traditional rent-to-own (RTO) industry and the emerging virtual rent-to-own (RTO) space [no citation]. The acquisition supports the Company's strategy to address credit-challenged customers' changing needs for acquiring home furniture, electronics and appliances as the consumer population leans more toward a multi-channel acquisition of goods and services.

In April 2016 Aaron's, Inc. set the Guinness World Record for the largest "game" of tumbling mattress dominoes. This game was set up using over 1,000 people and mattresses.

As of 31 December 2016, Aaron's, Inc. has 1,864 stores: 1,165 Company-operated stores and 699 independently owned and operated franchised stores in 48 states, the District of Columbia, and Canada.

Aaron Rents, Inc. was founded by R. Charles Loudermilk, Sr. in 1955.

In September 2008, Aaron's announced the sale of its Corporate Furnishings division to CORT Business Services, part of Berkshire Hathaway. Aaron's Corporate Furnishings division, which operated 47 stores, recorded revenues of approximately $99 million in 2007. Within the last quarter of 2012 Aaron's opened its 2000th store. In November 2014 Aaron’s announced that John W. Robinson III will take over the CEO position of the company from Ronald W. Allen.

In 2014, Aaron’s announced plans to reshape its core business by focusing on same store revenue growth, enhancing Aaron's online platform, driving cost efficiencies, moderating new store growth, and strengthening the franchise network. The Company's online strategy included the rollout of an e-commerce platform in 2015.

In February 2013, customers sued Aaron's for allegedly using spyware on rented computers to send over 185,000 emails to the rental company, including customers' Social Security numbers, passwords and captured keystrokes, as well as explicit images. Aaron's, Inc. officials had previously said that the company had not installed the spyware, and individual franchisees were responsible. In October 2013, Aaron's agreed to a settlement with the Federal Trade Commission that limited how it used monitoring technology and ordered it to delete customer information that had been improperly collected.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-18 Future report Set alerts
Q3 2020 2020-11-02 Future report Set alerts
Q2 2020 2020-07-29 1.18 1.01
Q1 2020 2020-05-07 0.85 -4.19
Q4 2019 2020-02-20 1.15 -1.60
Q3 2019 2019-11-04 0.73 0.58
Q2 2019 2019-07-25 0.93 0.62
Q1 2019 2019-04-25 1.08 0.82
Q4 2018 2019-02-14 1.02 0.89
Q3 2018 2018-10-25 0.69 0.62

Ratings

2016-05-23 Initiated Coverage Topeka Capital Markets Buy $30.00
2016-04-13 Initiated Coverage Sidoti Buy $33.00
2016-03-29 Reiterated Rating Stifel Nicolaus Buy
2016-01-19 Upgrade Raymond James Market Perform to Strong-Buy
2016-01-19 Upgrade Raymond James Financial Inc. Market Perform to Strong-Buy
2015-12-29 Reiterated Rating Cantor Fitzgerald Hold
2015-12-23 Reiterated Rating Cantor Fitzgerald Hold $22.00
2015-11-02 Lower Price Target SunTrust Neutral $40.00 to $32.00
2015-11-02 Lower Price Target Stifel Nicolaus Buy $45.00 to $32.50
2015-11-02 Lower Price Target SunTrust Banks Inc. Neutral $40.00 to $32.00
2015-10-30 Downgrade Cantor Fitzgerald Buy to Hold $47.00 to $27.00
2015-09-23 Reiterated Rating Cantor Fitzgerald Buy $47.00
2015-09-22 Downgrade Raymond James Outperform to Market Perform $40.00
2015-08-14 Upgrade Cantor Fitzgerald Hold to Buy $37.00 to $47.00
2015-07-27 Boost Price Target SunTrust Neutral $37.00 to $40.00
2015-07-22 Initiated Coverage Cantor Fitzgerald Hold $37.00
2015-06-23 Boost Price Target KeyBanc Overweight $40.00 to $43.00
2015-06-23 Boost Price Target KeyCorp Overweight $40.00 to $43.00
2015-04-27 Boost Price Target Stifel Nicolaus Buy $38.00 to $45.00
2015-03-10 Initiated Coverage Stephens Overweight $37.00
2015-02-09 Boost Price Target Stifel Nicolaus Buy $31.00 to $38.00
2014-12-17 Upgrade KeyBanc Hold to Buy $34.00
2014-10-27 Reiterated Rating Stifel Nicolaus Buy $35.00 to $31.00
2014-10-27 Upgrade Raymond James Market Perform to Outperform $28.00
2014-07-28 Lower Price Target Stifel Nicolaus Buy $42.00 to $35.00
2014-07-16 Reiterated Rating Goldman Sachs Buy $45.00 to $42.00
2014-07-16 Lower Price Target Stifel Nicolaus Buy $45.00 to $42.00
2014-07-16 Reiterated Rating Goldman Sachs Group Inc. Buy $45.00 to $42.00
2014-05-12 Upgrade Stifel Nicolaus Hold to Buy $45.00
2014-04-21 Upgrade Northcoast Research Neutral to Buy $36.00
2014-04-15 Boost Price Target Canaccord Genuity Hold $27.00 to $30.00
2014-03-17 Downgrade Raymond James Outperform to Market Perform $30.00
2014-02-07 Downgrade KeyBanc Buy to Hold
2014-02-07 Boost Price Target Canaccord Genuity Hold $25.00 to $27.00
2013-09-23 Downgrade Stifel Nicolaus Buy to Hold
2012-07-25 Downgrade Hilliard Lyons Long-term Buy to Neutral
2011-04-26 Reiterated Stifel Nicolaus Buy $28 to $30
2010-10-26 Upgrade Hilliard Lyons Neutral to Long-term Buy $25
2010-04-27 Downgrade Hilliard Lyons Buy to Neutral
2009-07-22 Downgrade Cowen & Co Outperform to Neutral
2009-07-15 Initiated BB&T Capital Mkts Buy
2016-05-23 Initiated Coverage Topeka Capital Markets Buy $30.00
2016-04-13 Initiated Coverage Sidoti Buy $33.00
2016-03-29 Reiterated Rating Stifel Nicolaus Buy
2016-01-19 Upgrade Raymond James Market Perform to Strong-Buy
2016-01-19 Upgrade Raymond James Financial Inc. Market Perform to Strong-Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Robinson John W EVP Aaron\'s, President/CEO Pro 0.53%  (385715) AAN /
Woodley Ryan K CEO Progressive Leasing 0.22%  (157950) AAN /
DANIELSON GILBERT L Executive VP, CFO 0.20%  (144546) AAN / SERV /
Doman Curtis Linn CTO Progressive Leasing 0.14%  (102523) AAN /
ALLEN RONALD W Chairman, President and CEO 0.12%  (88709) AAN / AYR / FWRD / KO /
Michaels Steven A VP, Finance & Business Dev. 0.09%  (66835) AAN /
KOLB DAVID L 0.08%  (57014) AAN / MHK / PXR /
Lindsay Douglas A President Aaron\'s SaLO 0.07%  (52300) AAN /
Kamerschen Robert W. Sr. V. P., General Counsel 0.05%  (38329) AAN /
Betty Kathy T 0.04%  (31657) AAN /
Schuerholz John 0.03%  (21982) AAN /
Buck David L. Chief Operating Officer 0.03%  (20425) AAN /
Montanero Tristan J. Sr. Vice President, Operations 0.02%  (17477) AAN /
BENATAR LEO 0.02%  (13433) AAN / PXR /
ROBINSON RAY M 0.02%  (13201) AAL / AAN / AVT / AYI /
SINCLAIR ROBERT P JR Corporate Controller 0.02%  (11152) AAN /
Ryan Michael Patrick SVP of Operations 0.01%  (10194) AAN /
TRAINOR JOHN T Chief Information Officer 0.01%  (9448) AAN /
Strickland David Chad V.P., Associate Resources 0.01%  (8970) AAN /
EVANS K TODD Vice President - Franchise 0.01%  (8472) AAN /
Yanker Robert H 0.01%  (8038) AAN / BMS / WPP /
CATES JAMES L Senior Group VP 0.01%  (7707) AAN /
Harris Hubert L. Jr. 0.01%  (6576) AAN /
DAY CYNTHIA N 0.01%  (6576) AAN / PRI /
LOCKHART H EUGENE 0.01%  (5522) AAN / HURN / RSH /

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