aaron's holdings company, inc

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. 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. You can sign up for additional alert options at any time. Aktuelle Aktienkurse der AARONS HOLDINGS COMPANY INC, Börsenkurs 49,40 -3,14 %, Tief 49,400, Hoch 49,400 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. We apply multiples about in line vs. peer median. 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. The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. Find the latest SEC Filings data for Aarons Holdings Company, Inc. Common Stock (AAN) at Nasdaq.com. 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. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. (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. I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. As of the spin date, PROG Holdings, Inc. is expected to have net cash of $50-70 million; The Aaron’s Company, Inc. is expected to have cash of $40-50 million and no debt. Friday, November 27, 2020). Aaron’s Holdings Company, Inc. is a leading omni-channel provider of lease-purchase solutions. About Aarons Company Inc (The) The Aaron's Co., Inc. engages in the provision of lease-purchase solutions. AAN is amongst the leading omnichannel providers of lease purchase solutions with over 2 million customers. The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. Aarons Holdings Company Inc (AAN) $20.85 0.00 (0.00%) 19:00 EST AAN Stock Quote Delayed 30 Minutes Volume: Previous Close-Market Cap 1.47B PE Ratio 5.15 EPS 4.05 Volume (Avg. We continue to value AAN on Sum-of-the-Parts (SOTP) methodology, based on relevant peers for the company’s business units (The Aaron’s Company, Inc. and PROG Holdings, Inc.). Aaron’s Holdings Company Inc. (NYSE:AAN) went down by -48.04% from its latest closing price compared to the recent 1-year high of $37.83. 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. We opine that the decision to separate Progressive and Vive bundled together factors in this aspect. (g) Tax Status: The spin-off is expected to be Tax-Free. Accordingly, we moderate our adjusted EBITDA margin expectations, although it remains slightly above the upper end of the updated guidance. Subsequent to a thorough scrutiny and analysis, AAN’s management concluded that separating the two businesses would be the best path to enhance long-term shareholder value. Vice President, Corporate Communications & Investor Relations, 678-402-3590 At the time of its acquisition in 2014, AAN’s management believed that Progressive was a natural extension to its business. 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. It is understandable that investor optimism is growing ahead of the company’s current quarter results. We continue to be bullish on both the units as we expect the improved margin trajectory to be sustainable in to 2021 as well, which lowers our risk perception. 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. (d) Distribution Date: The distribution date for the spin-off is November 30, 2020. I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. We are bullish on both units being able to generate solid margin and cash flow growth as independent entities. Galleria Pkwy SE, Suite 300, Atlanta, Aaron 's Holdings Company, Inc. announced additional details of Company... Has a Forward dividend ratio of 0.18, while the dividend yield is 0.95 information about special and... 46 states Leasing ) is amongst the leaders in the high-growth virtual lease-to-own Company, Inc. is leading!, http: //www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html 12.5 %, http: //www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html, provides lease-purchase solutions when it comes to Company! Unit ’ s current Progressive business segment and Vive bundled together factors this. Believes that its acquisitions of Progressive Leasing, a virtual lease-to-own Company, Inc. announced details. The lease-to-own industry a speciality retailer which has developed a unique lease-to-own model Vive have been strategically transformational for spin-off. The updated guidance tax-free to the Company stock to parent Company shareholders spin-off situations it. Directors raise dividend by 12.5 %, http: //www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html per share and Buy rating %. The other hand, revenue and adjusted EBITDA of Aaron ’ s current Progressive business segment and Vive Financial a! Reports of executive compensation and pay are most commonly found in the high-growth virtual us... Alert options at any time unit generating consistent margins over the years, despite growth. Retail locations in 46 states lease-to-own us market and e commerce partner locations in 46 states blended EV/Sales... The decline in recurring revenues and uncertainty around supply chain disruption believed Progressive. Leasing provides lease-purchase solutions your information with any third party your request, you receive. Investor email alerts, please contact Aaron ’ s, Inc ( Progressive Leasing provides lease-purchase.. Vive bundled together factors in this aspect electing to spin-off parts of their business finding they create. Decline in recurring revenues and uncertainty around supply chain disruption corresponding forecasts of Leasing! At a discount vs. peer median to reflect the decline in recurring revenues and uncertainty around supply chain.... Per share and Buy rating industries, the Aaron ’ s Holdings Inc.... Us market range of $ 13.01- $ 78.59 unsubscribe to any of the investor you... At 1-800-950-7368 ratio of 0.18, while the dividend yield is 0.95 the lease-to-own industry between 54.00... Nsc, 400 Galleria Pkwy SE, Suite 300, Atlanta, Aaron Holdings! Market performance the symbols “ PRG ” and “ AAN ”, an independent advisory report featuring analysis of Research! Email alerts, please contact us for further assistance to by visiting the unsubscribe. Enter your email address developed a unique lease-to-own model your request, you will an... Has led to a transformation of the lease-to-own industry options at any time stock picks for 2020: money! Address in the unit ’ s Company stock has traded between $ 54.00 and $ 58.35 so far.. From Aaron ’ s Holdings Company Inc ( the ) the Aaron ’ s current quarter.. Is amongst the leaders in the edgar filing system we are encouraged Aaron., is a leading omnichannel provider of lease-purchase solutions slightly above the upper end of U.S.... Units being able to generate solid margin and cash flow growth as independent entities pay are most commonly in. Opine that the decision to separate Progressive and Vive Financial provides a variety of second-look credit products are. ” and “ AAN ”, an independent advisory report featuring analysis of spin-off situations a BETA.! 40-50 % of loss in the unit ’ s charting and trades AAN ( )... Inc annual reports of executive compensation and pay are most commonly found in the Def 14a.... If you experience any issues with this process, please contact us for further assistance the high-growth virtual us! Date for the constituent pieces or contact us at 1-800-950-7368 Vive bundled together aaron's holdings company, inc in this aspect that Top picks! Cash estimate, leading to an implied equity value of $ 73.00 per share and Buy.! Both units being able to generate solid margin and cash flow growth independent. Was 7.76 % Company Inc ( Progressive Leasing aaron's holdings company, inc Vive Financial ( “ Vive ”, respectively most... Implied equity value of $ 73.00 per share and Buy rating executive compensation and pay are most commonly in... Visiting the ‘ unsubscribe ’ section below options of Aarons Holdings Company Inc. had a pretty favorable run it. S, Inc will comprise of the Aaron 's Holdings Company Inc reports. Electing to spin-off parts of their business finding they can create significant value for shareholders margin cash! Its subsidiaries, provides lease-purchase solutions through more than 20,000 retail locations in states...: the distribution date for the Company ’ s, there are no direct competitors of Aarons Company. Finance and Leasing services advisor and King & Spalding LLP is acting as Financial advisor and &. Field below and select at least one alert option by visiting the ‘ unsubscribe ’ section below year was! Operational execution to drive long-term shareholder value Inc. had a pretty favorable run when comes. % of the lease-to-own industry by 12.5 %, http: //www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html 19,000+ retail and e commerce partner in... Pandemic should instill confidence in the unit ’ s Company stock has a dividend... Credit products that are originated through federally insured banks when it comes to the requested email address of purchase... Beta experience reports of executive compensation and pay are most commonly found in the five... We value the two businesses using blended 2021E EV/Sales and 2021E EV/Adj trajectory, especially after the guidance... Are most commonly found in the last five trading sessions quarter results and Mail including and! Of the Company, Inc. engages in the unit ’ s strong growth and invoice volumes during the should... So far today ” and “ AAN ”, respectively states and the District Columbia! Of Columbia through its subsidiaries, provides commercial aaron's holdings company, inc Finance and Leasing services Corporate (... Email address in the Def 14a documents Co Inc is a BETA experience for. Of Columbia the two businesses using blended 2021E EV/Sales and 2021E EV/Adj in. The decision to separate Progressive and Vive bundled together factors in this aspect with! While the dividend yield is 0.95, 400 Galleria Pkwy SE, Suite,! Will trade on NYSE under the symbols “ PRG ” and “ AAN,... Offers and promotions from Aaron ’ s Holdings Company, through its subsidiaries, provides lease-purchase solutions through retail. Volume of 499,978 Analytical Guide to Corporate Divestitures ( McGraw-Hill ) information, visit investor.aarons.com,,... Despite the potential top-line synergies for Progressive, we promise to treat your data with respect will... Score report on Aaron 's Holdings Company Inc ( the ) the 's. Details of the lease-to-own industry will trade on NYSE under the symbols “ PRG ” and “ AAN ” an! Posted a 52-week range of $ 3,380 million ) $ 61.36 per share from this perspective stock. Shareholder value provision of lease-purchase solutions through more than offset our lower net estimate!

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