Last $24.45 USD
Change Today -0.03 / -0.12%
Volume 510.6K
AAN On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

aaron's inc (AAN) Snapshot

Open
$24.52
Previous Close
$24.48
Day High
$24.72
Day Low
$24.35
52 Week High
07/1/14 - $36.74
52 Week Low
10/9/14 - $23.35
Market Cap
1.8B
Average Volume 10 Days
662.8K
EPS TTM
$1.54
Shares Outstanding
72.3M
EX-Date
08/29/14
P/E TM
15.9x
Dividend
$0.08
Dividend Yield
0.34%
Current Stock Chart for AARON'S INC (AAN)

aaron's inc (AAN) Related Businessweek News

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aaron's inc (AAN) Details

Aaron's, Inc. operates as a specialty retailer of consumer electronics, computers, residential furniture, household appliances, and accessories in the United States and Canada. The company operates in four segments: Sales and Lease Ownership, HomeSmart, Franchise, and Manufacturing. It is engaged in the lease ownership, lease, and retail sale of various products, including widescreen and LCD televisions, computers, tablets, living room, dining room and bedroom furniture, washers, dryers, and refrigerators. The company offers products of various brands, such as Samsung, Frigidaire, Hewlett-Packard, LG, Maytag, Simmons, JVC, Sharp, and Magnavox. As of July 15, 2014, the company had approximately 2,130 company-operated and franchised stores in 48 states of the United States and Canada. The company was founded in 1955 and is based in Atlanta, Georgia.

12,600 Employees
Last Reported Date: 02/24/14
Founded in 1955

aaron's inc (AAN) Top Compensated Officers

Interim Chief Executive Officer, Executive Vi...
Total Annual Compensation: $675.0K
Founder and Chairman Emeritus
Total Annual Compensation: $352.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $334.2K
Senior Vice President of Operations
Total Annual Compensation: $381.7K
Compensation as of Fiscal Year 2013.

aaron's inc (AAN) Key Developments

Aaron's, Inc. to Pay $28.4 Million to Settle Spyware Allegations

Aaron's Inc. has agreed to pay $28.4 million to settle allegations that the company violated California protection and privacy laws by its unfair business practices and installation of illegal spyware. Aaron's rents household merchandise, including furniture, appliances and electronics for a monthly or semi-monthly fee. The company operates about 75 stores across California. The complaint alleges that Aaron's violated California's Karnette Rental-Purchase Act by charging improper late fees, overcharging customers who paid off contracts early, and omitting important contract disclosures. In addition, Aaron's allegedly violated California state privacy laws by permitting its franchised stores to install spyware on laptop computers rented to its customers. A feature in the spyware program called 'Detective Mode' that was installed without consumers' consent or knowledge, enabled Aaron's franchisees to remotely monitor keystrokes, capture screenshots, track the physical location of consumers, and even activate the rented computer's webcam. The installation of this software without customer consent violated California law. Under the settlement, Aaron's will refund $25 million to California customers who signed lease agreements between April 1, 2010 and March 31, 2014. The company will also pay $3.4 million in civil penalties and fees. About 100,000 California customers will be eligible for restitution.

Aaron's, Inc. Appoints Gilbert L. Danielson as Interim CEO

Aaron's, Inc. announced that its Board of Directors has appointed Gilbert L. Danielson, Executive Vice President and Chief Financial Officer, as interim Chief Executive Officer, effective following the retirement of Ronald W. Allen as the company's Chief Executive Officer on August 31, 2014, which was previously announced. Danielson will also retain his CFO responsibilities during the interim period and will not be a candidate for the permanent CEO role. Steve Michaels, President, will continue to implement the previously announced plan to improve Aaron's core business. This plan focuses on same store revenue growth, enhancing Aaron's online platform, driving cost efficiencies, moderating new store growth, and strengthening the franchise network. As CEO of Progressive Finance and Executive Vice President of Aaron's, John Robinson will oversee Progressive operations and will identify synergies between Aaron's and Progressive to open new and fast-growing channels to customers who could not previously be reached.

Aaron's, Inc. Declares Quarterly Cash Dividend, Payable on October 1, 2014

The Board of Directors of Aaron's, Inc. declared a quarterly cash dividend. The dividend declared is $0.021 per share on common stock, payable October 1, 2014 to shareholders of record as of the close of business on September 3, 2014.

 

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AAN

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Valuation AAN Industry Range
Price/Earnings 17.0x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 18.5x
TEV/Sales 0.4x
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