Aaron’s, Inc. (NYSE:AAN) saw some unusual options trading activity on Friday. Stock traders acquired 1,506 put options on the company. This is an increase of 1,176% compared to the typical daily volume of 118 put options.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in shares of Aaron’s by 9.8% in the third quarter. Parametric Portfolio Associates LLC now owns 286,095 shares of the company’s stock worth $12,482,000 after purchasing an additional 25,507 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Aaron’s in the third quarter worth about $777,000. USA Financial Portformulas Corp purchased a new position in shares of Aaron’s in the third quarter worth about $482,000. American International Group Inc. increased its stake in shares of Aaron’s by 2.0% in the third quarter. American International Group Inc. now owns 169,836 shares of the company’s stock worth $7,410,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Aaron’s in the third quarter worth about $453,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Aaron’s (AAN) opened at $39.51 on Wednesday. The firm has a market cap of $2,792.23, a PE ratio of 20.76 and a beta of 0.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. Aaron’s has a 12 month low of $26.12 and a 12 month high of $48.22.

Several brokerages have commented on AAN. Stephens reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Aaron’s in a research report on Wednesday, January 3rd. Raymond James Financial raised shares of Aaron’s from a “market perform” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research report on Friday, November 10th. Zacks Investment Research raised shares of Aaron’s from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Janney Montgomery Scott began coverage on shares of Aaron’s in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, Northcoast Research set a $53.00 price objective on shares of Aaron’s and gave the stock a “buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Aaron’s currently has an average rating of “Buy” and a consensus price target of $46.10.

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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.

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