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aaron's holdings company, inc

Post spin-off, Aaron’s Holdings will be renamed as PROG Holdings, Inc., while the spun-off unit that will hold the Aaron’s business segment will be named as The Aaron’s Company, Inc. The stock has traded between $54.00 and $58.35 so far today. I am the author of the book Spin-Off to Pay-Off: An Analytical Guide to Corporate Divestitures (McGraw-Hill). Each AAN shareholder will receive one share of The Aaron’s Company common stock for every two shares of AAN’s common stock held as of the record date, November 27, 2020. About Aarons Company Inc (The) The Aaron's Co., Inc. engages in the provision of lease-purchase solutions. Aktuelle Aktienkurse der AARONS HOLDINGS COMPANY INC, Börsenkurs 49,40 -3,14 %, Tief 49,400, Hoch 49,400 AAN contends that both the entities will benefit from their market leading positions, strong cash flow and balance sheets, thereby unlocking significant shareholder value generation opportunities. Nachrichten zur Aktie Aarons Holdings Company Inc Registered Shs Ex-distribution When issued | PRG.W | US74319R1014 The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. On the other hand, revenue and adjusted EBITDA of Aaron’s Business contracted during the same period. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. In conclusion, we believe that the separation could be beneficial to both businesses as the growth, margin and risk profiles of the two units get segregated, thereby enabling their respective leadership teams to more effectively manage operations. Aarons Holdings Company Inc. (AAN) had a good day on the market for Thursday December 31 as shares jumped 4.64% to close at $18.96. We opine that the strong market position of both entities underpins compelling prospects for the units, with the spin-off probably uncovering further shareholder value creation opportunities. Aaron's (Consolidated) $61.36 per share. Progressive Leasing provides lease-purchase solutions through 19,000+ retail and e commerce partner locations in 46 states and the District of Columbia. All Rights Reserved, This is a BETA experience. Accordingly, we moderate our adjusted EBITDA margin expectations, although it remains slightly above the upper end of the updated guidance. Company profile page for Aaron's Co Inc/The including stock price, company news, press releases, executives, board members, and contact information Please review Aaron’s This is an increase of 12.5% from the previous quarterly cash dividend of $0.04 per share and the eighteenth consecutive year the Company has increased its dividend. On November 17, 2020, Aaron’s Holdings Company, Inc. announced additional details of the separation. On the other hand, The Aaron’s Company, Inc., headquartered in Atlanta, GA, will comprise of ~1,400 company-operated and franchised stores in 47 US states and Canada, the e-commerce platform Aarons.com and Woodhaven Furniture Industries. We raise our 2021E margin estimates as we expect a better-than-estimated margin growth trajectory, especially after the updated 2020E guidance. The Aarons Co Inc is a speciality retailer which has developed a unique lease-to-own model. Headquartered in Draper, UT, PROG Holdings, Inc will comprise of the company’s current Progressive business segment and Vive Financial. Progressive’s strong growth and invoice volumes during the pandemic should instill confidence in the unit’s growth prospects. AAN’s management believes that its acquisitions of Progressive Leasing and Vive have been strategically transformational for the company from this perspective. The company’s stock price has collected -49.38% of loss in the last five trading sessions. Vive Financial (“Vive”, formerly Dent-A-Med, Inc.), provides a variety of second-look credit products through federally insured banks. The 1-year high price for the company’s stock is recorded $67.20 on 11/24/20, with the lowest value was $13.01 for the same time period, recorded on 03/23/20. InvestorRelations@aarons.com. I am the author of the book Spin. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. By providing your email address below, you are providing consent to Aaron's, Inc. to send you the requested Investor Email Alert updates. I would like to receive information about special offers and promotions from Aaron’s. We are bullish on both units being able to generate solid margin and cash flow growth as independent entities. We apply multiples about in line vs. peer median. AARONS HOLDINGS COMPANY INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The Company, through its subsidiaries, provides commercial equipment finance and leasing services. See the company profile for Aarons Holdings Company, Inc. (AAN) including business summary, industry/sector information, number of employees, business … The company serves through multiple channels such as virtual lease-to-own (Progressive Leasing), lease-to-own stores (Aaron’s Business), e commerce (Aarons.com) and second-look financing (Vive Financial). Spin-Off Research. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, It’s Been A Numbers Game For Netflix And Investors Want To See How They All Added Up, Market Seems Subdued After Mixed Bank Results, Biden Stimulus Announcement, DoorDash Has All The Makings Of The “Next Amazon”. Since the combination, Progressive has benefited by leveraging AAN’s scale, while AAN utilized Progressive’s decision-making technology to establish a centralized decision-making process across US-owned stores. Goldman Sachs & Co Aaron's Holdings Company, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.045 per share and declared such dividend payable November 20, 2020 to shareholders of record as of the close of business on November 16, 2020. Aaron's Holdings Company, Inc. operates as a holding company. The Aaron’s Company will be engaged in sales and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories. The company has filed Form-10 with the SEC; however, it is not yet available publicly (expected to be released on AAN’s website on the record date i.e. Die letzten Aarons Holdings Company, Inc. (AAN) Aktienkurse, Verläufe, Nachrichten und weitere wichtige Informationen für den Aktienhandel und Investitionen finden. Detailed price information for Aarons Holdings Company Inc (AAN-N) from The Globe and Mail including charting and trades. (Carlos Delgado/AP Images for Aaron's Inc.). Headquartered in Atlanta, Aaron’s Holdings Company, Inc. has three business segments- Progressive Leasing, Aaron’s Business and Vive Financial. For more information, visit investor.aarons.com, Aarons.com, ProgLeasing.com, and Vivecard.com. If you have any questions, please contact Aaron’s by writing Aaron’s, Inc. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. AARONS AKTIE und aktueller Aktienkurs. The confirmation of the spin-off and beginning of trading in two separate companies, probably indicates a very favorable risk-reward for potential investors at current levels, especially given the company’s recent growth and margin momentum. What’s Happening With Electronic Arts Stock? With 138% Short Interest, Board Change Sends GameStop Stock Soaring, Why Wheaton Precious Metals Stock Looks Undervalued Despite 100% Move, Despite A 4x Rise, Editas Medicine May Continue To Trend Higher, Spin-Off to Pay-Off: An Analytical Guide to Corporate Divestitures. With its Forward Dividend at 0.18 and a yield of 0.98%, the company’s investors could be anxious for the AAN stock to gain ahead of the earnings release. On July 29, 2020, Aaron’s Holdings Company, Inc. (NYSE: AAN, $61.36, Market Capitalization: $4.1 billion) a leading omni-channel provider of lease purchase solutions announced its intention to separate into two independent, publicly-traded companies: PROG Holdings, Inc (Progressive Leasing segment) and The Aaron’s Company, Inc. (Aaron’s Business segment). However, management now believes that the opportunities for Aaron’s Business and Progressive in operating independently far outweigh the benefits from the ongoing synergies they generate. Aaron’s Holdings Company Inc.’s current insider ownership accounts for 0.50%, in contrast to 95.40% institutional ownership. (b) Spin-Off Ratio: The spin-off ratio is 1:2, implying each AAN shareholder will receive one share of The Aaron’s Company common stock for every two shares of AAN’s common stock. Deal Overview . Vol.) Find the latest Aarons Holdings Company, Inc. (AAN) stock quote, history, news and other vital information to help you with your stock trading and investing. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Spin-Offs often result in higher aggregate value for the constituent pieces. The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. . Taking a more long-term approach, AAN posted a 52-week range of $13.01-$78.59. Considering the diluted share count of 68 million, we lower our fair value estimate to $23.00 per AAN share (previously: $24.00) for The Aaron’s Company, Inc. 3) Aaron’s Holdings Company, Inc. (Consolidated). Aaron’s Holdings Company, Inc. (the “Company”) and The Aaron’s Company, Inc. (“Aaron’s SpinCo”), currently a wholly-owned subsidiary of the Company, intend to make a series of presentations to the investment community in anticipation of the Company’s previously announced spin-off of its Aaron’s Business segment. Both the entities will trade on NYSE under the symbols “PRG” and “AAN”, respectively. Considering shares outstanding of 68 million, we retain our target price ($73.00 per share) and Buy rating on AAN (Consolidated), given significant upside. Leasing and Vive Financial) and The Aaron’s Company, Inc. (Aaron’s Business segment). ATLANTA, Dec. 1, 2020 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN) ( "Aaron's"), a leading omni-channel provider of lease-purchase solutions, today announced that it has completed its spin-off from its former parent ("Parent"), and will operate as an independent, publicly-traded company, listed on the New York Stock Exchange under the ticker symbol "AAN." MarketWatch.com reported on 12/12/19 that Top stock picks for 2020: Making money with midsize firms. Aaron’s Holdings Company Inc. (AAN) full year performance was 7.76% . On November 17, 2020, AAN announced additional details of the separation. About 587,257 shares traded hands on 4,805 trades for the day, On July 29, 2020, Aaron’s Holdings Company, Inc. (NYSE: AAN, $61.36, Market Capitalization: $4.1 billion) a leading omni-channel provider of lease-purchase solutions, announced its intention to separate into two independent, publicly-traded companies: PROG Holdings, Inc (Progressive AARON'S HOLDINGS COMPANY, INC. : Finanzkennzahlen und Gewinneschätzungen der Analysten, Bilanzsituation und Unternehmensbewertung AARON'S HOLDINGS COMPANY, INC. | AAN | According to the most recent insider trade that took place on Nov 19, this organization’s EVP, Gen Counsel/Corp Sec sold 2,491 shares at the rate of 62.71, making the entire transaction reach 156,211 in total value, affecting insider ownership by 33,987. On the other hand, management believes that PROG Holdings, Inc. will be well placed to invest in innovative technologies, grow current retail partnerships and attract new retail partners and maintain an attractive financial profile through capital-efficient model in a high-growth market. Aaron’s Holdings Company, Inc. is more likely to be releasing its next quarterly report between February 18 and February 22, 2021, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. The holding company formation was effected through a merger pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated May 1, 2020, among Aaron's, HoldCo and Aaron's Merger Sub, Inc., a Georgia corporation ("Merger Sub"). Both the entities will trade on NYSE under the symbols “PRG” and “AAN”, respectively. AAN not only expanded its presence in the virtual rent-to-own market, but also generated robust top-line and EBITDA growth, primarily on the back of the Progressive business acquisition. Aaron’s Holdings Company, Inc., which has a market valuation of $633.27 Million as of writing, is expected to release its quarterly earnings report on Feb 18, 2021- Feb 22, 2021. Friday, November 27, 2020). Aaron’s Holdings Company, Inc. has a market cap of $1.24 Billion and is expected to release its quarterly earnings report on Feb 18, 2021- Feb 22, 2021. Rent-to-own specialist Aaron’s plans to implement a holding company structure for the company, a proposal that shareholders will vote on during its upcoming June annual meeting. According to the management, the separation will sharpen the strategic focus and operational execution to drive long-term shareholder value. Volume today is 551,414 compared to average volume of 499,978. For AAN (Consolidated), we reiterate our target price of $73.00 per share and Buy rating. The unit’s strategic priorities include store count optimization, generating cash flow and efficient cost structure as well as to simplify and digitize customer experience, thereby providing an integrated online and in-store experience. Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. (f) Exchange and Ticker: Aaron’s Holdings Company, Inc. will be renamed as PROG Holdings, Inc and continue to trade on the NYSE under the ticker “PRG”, while spun-off company will be named as The Aaron’s Company, Inc. and will trade on NYSE under the ticker “AAN”. We raise our fair value estimate on PROG Holdings, Inc. to $50.00 per AAN share on sustainable margins, but lower our fair value estimate on The Aaron’s Company, Inc. to $23.00 per AAN share on moderated margin expectations. © 2021 Forbes Media LLC. PROG Holdings, Inc (Progressive Leasing) is amongst the leaders in the high-growth virtual lease-to-own US market. You must click the activation link in order to complete your subscription. On Yahoo Finance a virtual lease-to-own Company, Inc. will comprise of the separation s Inc! Our lower net cash estimate, leading to an implied equity aaron's holdings company, inc $... ” and “ AAN ”, formerly Dent-A-Med, Inc. will comprise of the industry... 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