aaron's holdings company, inc

Considering shares outstanding of 68 million, we retain our target price ($73.00 per share) and Buy rating on AAN (Consolidated), given significant upside. 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. We opine that the decision to separate Progressive and Vive bundled together factors in this aspect. For AAN (Consolidated), we reiterate our target price of $73.00 per share and Buy rating. Aaron's Holdings Company Inc (AAN) stock is trading at $56.26 as of 2:10 PM on Thursday, Oct 29, an increase of $1.49, or 2.72% from the previous closing price of $54.77. Goldman Sachs & Co We continue to apply multiples at a discount vs. peer median to reflect the decline in recurring revenues and uncertainty around supply chain disruption. Taking a more long-term approach, AAN posted a 52-week range of $13.01-$78.59. The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. The Aaron’s Company (Spin entity) and PROG Holdings Inc’s (Stub) common stocks are expected to commence when issued trading on or about November 25, 2020 under the symbols “AAN WI” and “PRG WI”, respectively and are expected to continue until the distribution date. Aktuelle Aktienkurse der AARONS HOLDINGS COMPANY INC, Börsenkurs 49,40 -3,14 %, Tief 49,400, Hoch 49,400 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 Aaron’s Business engages in the sale and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories through its ~1,400 company operated and franchised stores in 47 states, Puerto Rico and Canada, and also through its e-commerce platform, Aarons.com. 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. For PROG Holdings, we have considered the combined financials and corresponding forecasts of Progressive Leasing and Vive Financial. Aaron’s Holdings Company Inc.’s current insider ownership accounts for 0.50%, in contrast to 95.40% institutional ownership. Friday, November 27, 2020). 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. 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. PROG Holdings, Inc (Progressive Leasing) is amongst the leaders in the high-growth virtual lease-to-own US market. Company profile page for Aaron's Co Inc/The including stock price, company news, press releases, executives, board members, and contact information GS On the other hand, The Aaron’s Company, 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. Both the entities will trade on NYSE under the symbols “PRG” and “AAN”, respectively. View original content:http://www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html, Media and Investor: Michael P. Dickerson, Vice President, Corporate Communications & Investor Relations, 678-402-3590, Mike.dickerson@aarons.com, Michael P. Dickerson Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. Die letzten Aarons Holdings Company, Inc. (AAN) Aktienkurse, Verläufe, Nachrichten und weitere wichtige Informationen für den Aktienhandel und Investitionen finden. The company will comprise of ~1,400 company operated and franchised stores in the US and Canada, Aarons.com (the e-commerce platform) and Woodhaven Furniture Industries. 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. Aaron's (Consolidated) $61.36 per share. Apart from the lower margin, the lower net cash based on guidance leads us to a lower implied equity value of $1,574 million. (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”. Leasing and Vive Financial) and The Aaron’s Company, Inc. (Aaron’s Business segment). We add the equity values of PROG Holdings, Inc. and The Aaron’s Company, Inc. to arrive at the combined equity value of $5.0 billion for AAN (Consolidated). The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. All Rights Reserved, This is a BETA experience. Many diversified companies are electing to spin-off parts of their business finding they can create significant value for shareholders. In April 2014, Aaron’s Holdings Company, Inc. entered into rapidly growing virtual lease-to-own market by acquiring Progressive Finance Holdings, the then leading virtual lease-to-own company in an all cash deal for ~$700 million. 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”. (a) Record Date: The record date for the spin-off is November 27, 2020. Brian Garner will assume the role of CFO of the PROG Holdings, Inc. Post separation, Douglas Lindsay, will continue to serve as CEO of The Aaron’s Company, Inc. and Steve Olsen, will continue as President of The Aaron’s Company, Inc. Kelly Wall will assume the role of CFO of The Aaron’s Company, Inc. John Robinson, President and CEO of Aaron’s, Inc., will continue in his current role and will oversee the separation. Deal Overview . At the time of its acquisition in 2014, AAN’s management believed that Progressive was a natural extension to its business. Post separation, Steve Michaels, will continue to serve as CEO of the PROG Holdings, Inc. Blake Wakefield, will continue to serve as President of the company. And invoice volumes during the same period “ PRG ” and “ AAN ”, formerly Dent-A-Med Inc.. Of the separation alerts, please enter your email address in the field below and select at least one option! With this process, please enter your email address dividend ratio of 0.18, while the yield! And Vivecard.com apply multiples at a discount vs. peer median to reflect the decline in recurring revenues and uncertainty supply! Information about special offers and promotions from Aaron ’ s management believes that its acquisitions of Leasing! 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