Vive Financial  provides a variety of second-look credit products that are originated through federally insured banks. 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 strong market position of both entities underpins compelling prospects for the units, with the spin-off probably uncovering further shareholder value creation opportunities. 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. View the basic AAN option chain and compare options of Aarons Holdings Company, Inc. on Yahoo Finance. Headquartered in Draper, UT, PROG Holdings, Inc will comprise of the company’s current Progressive business segment and Vive Financial. I am the author of the book Spin-Off to Pay-Off: An Analytical Guide to Corporate Divestitures (McGraw-Hill). I am the author of the book Spin. You must click the activation link in order to complete your subscription. Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through more than 20,000 retail locations in 46 states. Spin-Offs often result in higher aggregate value for the constituent pieces. The higher margin estimates more than offset our lower net cash estimate, leading to an implied equity value of $3,380 million. Friday, November 27, 2020). I have published “Spin-Off Research”, an institutional advisory report featuring analysis on spin-offs since March, 1997. The company has filed Form-10 with the SEC, however not yet available publicly (expected to be released on AAN’s website on the record date i.e. (g) Tax Status: The spin-off is expected to be Tax-Free. 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. Aaron's (Consolidated) $61.36 per share. Aaron's Holdings Directors Raise Dividend By 12.5%, http://www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html. During 2016-2019, revenues of Progressive Leasing and Vive grew by 19.8% and 13.3% CAGR, respectively, while their adjusted EBITDA CAGR during the corresponding period was 20.7% and 4.4%, respectively. Consequently, Progressive Leasing’s robust top-line and EBITDA growth rate over the years has led to a jump in contribution of the unit to AAN’s overall business. AAN’s management believes that its acquisitions of Progressive Leasing and Vive have been strategically transformational for the company from this perspective. The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. (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. 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. About 587,257 shares traded hands on 4,805 trades for the day, He will depart from his role post spin-off and will serve as Chairman of The Aaron’s Company, Inc. Ray Robinson, who currently serves as the company’s Chairman, will serve as Chairman of PROG Holdings, Inc. following the separation. AARONS HOLDINGS COMPANY INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. See the company profile for Aarons Holdings Company, Inc. (AAN) including business summary, industry/sector information, number of employees, business … 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. 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. 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 Holdings Company Inc. had a pretty favorable run when it comes to the market performance. 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. You can sign up for additional alert options at any time. 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. If you have any questions, please contact Aaron’s by writing Aaron’s, Inc. Friday, November 27, 2020). For PROG Holdings, we have considered the combined financials and corresponding forecasts of Progressive Leasing and Vive Financial. In July 2017, Aaron’s Holdings Company, Inc. acquired its largest franchisee SEI/Aaron’s, Inc. in an all cash deal of ~$140 million. The Company, through its subsidiaries, provides commercial equipment finance and leasing services. With this latest performance, AAN shares dropped by -37.43% in over the last four-week period, additionally sinking by -17.61% over the last 6 months – not to mention a drop of -42.86% in the past year of trading. On the other hand, revenue and adjusted EBITDA of Aaron’s Business contracted during the same period. Considering shares outstanding of 68 million, we retain our target price ($73.00 per share) and Buy rating on AAN (Consolidated), given significant upside. 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. In addition, the Aaron's Business engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its approximately 1,400 Company-operated and franchised stores in 47 states, Canada, and Puerto Rico, as well as its e-commerce platform, Aarons.com. Please review Aaron’s InvestorRelations@aarons.com. Vive Financial (“Vive”, formerly Dent-A-Med, Inc.), provides a variety of second-look credit products through federally insured banks. The distribution date for the spin-off is November 30, 2020 and both stocks will commence regular-way trading on December 1, 2020. Aaron’s Holdings Company Inc. (AAN) full year performance was 7.76% . Die letzten Aarons Holdings Company, Inc. (AAN) Aktienkurse, Verläufe, Nachrichten und weitere wichtige Informationen für den Aktienhandel und Investitionen finden. 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. 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). Opinions expressed by Forbes Contributors are their own. We continue to apply multiples at a discount vs. peer median to reflect the decline in recurring revenues and uncertainty around supply chain disruption. (e) Regular-Way Trading: Both the stocks will commence regular-way trading on December 1, 2020. We apply multiples about in line vs. peer median. At Aaron's, Inc., we promise to treat your data with respect and will not share your information with any third party. 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. AARONS AKTIE und aktueller Aktienkurs. 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). 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 Headquartered in Atlanta, Aaron's Holdings Company, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. It is understandable that investor optimism is growing ahead of the company’s current quarter results. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. (c) When-Issued Trading: Aaron’s and Progressive’s common stocks are expected to commence when-issued trading on or about November 25, 2020 and is expected to continue up to the distribution date of November 30, 2020 under the symbol “AAN WI” and “PRG WI” respectively. For more information, visit investor.aarons.com, Aarons.com, ProgLeasing.com, and Vivecard.com. Aktuelle Aktienkurse der AARONS HOLDINGS COMPANY INC, Börsenkurs 49,40 -3,14 %, Tief 49,400, Hoch 49,400 Both the entities will trade on NYSE under the symbols “PRG” and “AAN”, respectively. After submitting your request, you will receive an activation email to the requested email address. 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. AARONS HOLDINGS COMPANY INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Vol.) Nachrichten zur Aktie Aarons Holdings Company Inc Registered Shs Ex-distribution When issued | PRG.W | US74319R1014 Click Here to get the full Stock Score Report on Aaron's Holdings Company Inc (AAN) Stock. EBITDA multiples. By providing your email address below, you are providing consent to Aaron's, Inc. to send you the requested Investor Email Alert updates. Aaron’s Holdings Company, Inc. is a leading omni-channel provider of lease-purchase solutions. 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. The Aaron’s Company will be engaged in sales and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories. GS 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. 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. For these units as well, there are no direct competitors. Accordingly, we moderate our adjusted EBITDA margin expectations, although it remains slightly above the upper end of the updated guidance. During the day, the stock rose to $58.35 and sunk to $54.00 before settling in for the price of $54.72 at the close. 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. ATLANTA, Nov. 5, 2020 /PRNewswire/ -- 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 Net Income in the 3 quarter 2020 grew year on year by 174.73 %, slower than its competitors income growth of 174.73 %   More on AAN Income Comparisons   See the full list of AAN competitors *Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment. (Carlos Delgado/AP Images for Aaron's Inc.). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. 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. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. Apart from the lower margin, the lower net cash based on guidance leads us to a lower implied equity value of $1,574 million. Later in September 2015, Aaron’s Holdings Company, Inc. also acquired Dent- A-Med, Inc. d/b/a the HELPcard (now Vive, that offers second look finance programs for near-prime customers for ~$55 million in cash on hand and the ~$44 million in debt. 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. Vice President, Corporate Communications & Investor Relations, 678-402-3590 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal … Spin-Off Research. (d) Distribution Date: The distribution date for the spin-off is November 30, 2020. Aaron’s Holdings Company Inc. [AAN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -49.38. In addition to being a Forbes contributor, I have been featured or quoted in various media such as Barron’s, The Wall Street Journal, Bloomberg, Business Week and Fox Business. Aaron's Holdings Company, Inc. operates as a holding company. The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. We value the two businesses using blended 2021E EV/Sales and 2021E EV/Adj. 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. Considering AAN’s diluted share count of 68 million, we raise our fair value estimate to $50.00 per AAN share (previously: $49.00) for PROG Holdings, Inc. 2) The Aaron’s Company, Inc (Spin-Off entity). As with most industries, the advent of the internet and virtual marketplaces has led to a transformation of the lease-to-own industry. I would like to receive information about special offers and promotions from Aaron’s. 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. 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. Both the entities will trade on NYSE under the symbols “PRG” and “AAN”, respectively. Headquartered in Draper, UT, PROG Holdings, Inc. will comprise of the company’s current Progressive business segment and Vive Financial. Headquartered in Atlanta, Aaron’s Holdings Company, Inc. has three business segments- Progressive Leasing, Aaron’s Business and Vive Financial. 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. The company believes that Aaron’s Business coupled with aarons.com will provide a solid base for future earnings growth and positive free cash flow generation. Revenue Growth and Adjusted EBITDA Growth. 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. 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 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). About 530,520 shares traded hands on 4,773 trades for the day, About Aarons Company Inc (The) The Aaron's Co., Inc. engages in the provision of lease-purchase solutions. Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. 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). We opine that the decision to separate Progressive and Vive bundled together factors in this aspect. AARON'S HOLDINGS COMPANY, INC. : Finanzkennzahlen und Gewinneschätzungen der Analysten, Bilanzsituation und Unternehmensbewertung AARON'S HOLDINGS COMPANY, INC. | AAN | According to the management, the separation will sharpen the strategic focus and operational execution to drive long-term shareholder value. All Rights Reserved, This is a BETA experience. You may opt-out by. We are encouraged by Aaron’s Business unit generating consistent margins over the years, despite top-line growth pressure. We raise our 2021E margin estimates as we expect a better-than-estimated margin growth trajectory, especially after the updated 2020E guidance. On July 29, 2020, Aaron’s Holdings Company, Inc. (NYSE: AAN, $61.36, Market Capitalization: $4.1 billion) a … This enhanced the supply chain synergies between Aaron’s Holdings Company, Inc. and Progressive Leasing in the markets where SEI was serving across 11 states. What’s Happening With Electronic Arts Stock? Aarons Holdings Company, Inc. Common Stock (AAN) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 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. 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.). I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. PROG Holdings, Inc (Progressive Leasing) is amongst the leaders in the high-growth virtual lease-to-own US market. 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. In fact, the unit’s growth has been generated at relatively consistent margins, probably reflective of the company’s ongoing investments to grow active doors. Volume today is 551,414 compared to average volume of 499,978. 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. PGR Leasing and Vive Financial) and The Aaron’s Company, Inc. (Aaron’s Business segment). On November 17, 2020, AAN announced additional details of the separation. Company profile page for Aaron's Co Inc/The including stock price, company news, press releases, executives, board members, and contact information It serves the customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories at best deal with the highest quality products. The product offerings of Vive are complementary to those of Progressive Leasing, allowing the latter to expand into the markets and merchants served by Vive. Goldman Sachs & Co © 2021 Forbes Media LLC. 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. 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. Detailed price information for Aarons Holdings Company Inc (AAN-N) from The Globe and Mail including charting and trades. On November 17, 2020, Aaron’s Holdings Company, Inc. announced additional details of the separation. MarketWatch.com reported on 12/12/19 that Top stock picks for 2020: Making money with midsize firms. The stock has traded between $54.00 and $58.35 so far today. 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." 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. The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. 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. 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. We consider the average of these net cash figures in our model; $60 million for PROG Holdings, Inc. and $45 million for The Aaron’s Company, Inc. We would like to caution investors that the valuation of both the units is based on limited information available and is subject to revision once Form-10 is available (expected on Record Date of November 27, 2020). The company’s stock price has collected -49.38% of loss in the last five trading sessions. (a) Record Date: The record date for the spin-off is November 27, 2020. 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. Aarons Holdings Company Inc. (AAN) had a good day on the market for Wednesday January 13 as shares jumped 3.12% to close at $21.50. Post separation, management expects The Aaron’s Company, Inc. to focus on its strategic priorities such as real estate repositioning and digitally enabled omni-channel strategies; offer customer value proposition through competitive pricing, high approval rates and local servicing; and generate future earnings growth and positive free cash flow. At the time of its acquisition in 2014, AAN’s management believed that Progressive was a natural extension to its business. If you experience any issues with this process, please contact us for further assistance. 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. 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"). Accordingly, we compare the unit with listed companies engaged in retail business including Wayfair Inc, Amazon.com Inc, Lowe’s Companies Inc, Walmart Inc, Sleep Number Corp, La-Z-Boy Inc, Coway Co Ltd, Kroger Co, Boise Cascade Co, Rent-A-Center Inc, Conn’s Inc and HHGregg Inc. Management expects the unit to capture the large virtual lease-to-own market, with shareholders benefiting from the resilient, profitable and capital light business model. The Aarons Co Inc is a speciality retailer which has developed a unique lease-to-own model. 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. Many diversified companies are electing to spin-off parts of their business finding they can create significant value for shareholders. Progressive’s strong growth and invoice volumes during the pandemic should instill confidence in the unit’s growth prospects. Aaron’s Holdings Company Inc. (NYSE: AAN) started the day on October 29, 2020, with a price increase of 0.07% at $54.76. For AAN (Consolidated), we reiterate our target price of $73.00 per share and Buy rating. Headquartered in Atlanta, The Aaron's Company (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. The cost-cutting measures, positive operating cash flow, continued strength in customer payment activity and lower operating expenses position the company well for the future. 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. The lease-to-own option is costlier than buying over the long-term; however, flexible payment options, quick access to goods and easy return policies attract credit-challenged customers. Find the latest SEC Filings data for Aarons Holdings Company, Inc. Common Stock (AAN) at Nasdaq.com. You can unsubscribe at anytime. Over the years, on the back of its robust growth, the unit has surpassed Aaron’s Business as the company’s highest revenue and adjusted EBITDA generator. Progressive Leasing provides lease-purchase solutions through 19,000+ retail and e commerce partner locations in 46 states and the District of Columbia. . I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. For Aaron’s, in absence of direct peers we compare the unit with listed companies engaged in retail business including Wayfair Inc, Amazon.com Inc, Lowe’s Companies Inc, Walmart Inc, Sleep Number Corp, La-Z-Boy Inc, Coway Co Ltd, Kroger Co, Boise Cascade Co, Rent-A-Center Inc, Conn’s Inc and HHGregg Inc. Management has cautioned on 2021E margin headwinds on expenses as a standalone public entity as well as normalization of labor costs. LLC is acting as financial advisor and King & Spalding LLP is acting as legal advisor to the company. The company stock has a Forward Dividend ratio of 0.18, while the dividend yield is 0.95. (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 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. We are bullish on both units being able to generate solid margin and cash flow growth as independent entities. We believe that some of the key rationales for the separation decision may have been the disparate growth trajectories of the two businesses and the dissimilarities between their risk profiles and business models. 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”. AAN is amongst the leading omnichannel providers of lease purchase solutions with over 2 million customers. Despite the potential top-line synergies for Progressive, we believe the lossmaking Vive unit may be a concern for investors. Taking a more long-term approach, AAN posted a 52-week range of $13.01-$78.59. 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. Aaron’s Holdings Company Inc.’s current insider ownership accounts for 0.50%, in contrast to 95.40% institutional ownership. ’ s by writing Aaron ’ s Holdings Company, Inc. ), is a BETA experience bullish both..., an independent advisory report featuring analysis on spin-offs since March, 1997 the investor alerts you subscribed! Filed yearly with the SEC in the unit ’ s growth prospects bundled together factors in this aspect a Company... In 2014, AAN announced additional details of the book spin-off to Pay-Off: an Analytical Guide Corporate. 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Complete your subscription, especially after the updated guidance Dent-A-Med, Inc., we our... And pay are most commonly found in the field below and select at least one alert option options of Holdings! Long-Term approach, AAN announced additional details of the internet and virtual has. An institutional advisory report featuring analysis on spin-offs since March, 1997 of its acquisition in 2014 AAN. Provides commercial equipment Finance and Leasing services Aarons Co Inc is a omni-channel! Over 2 million customers Company and shareholders is amongst the leaders in the below... I would like to receive information about special offers and promotions from Aaron ’ s Inc... And Leasing services provides commercial equipment Finance and Leasing services from Aaron ’ s Company stock parent... Business segment and Vive bundled together factors in this aspect $ 13.01- $ 78.59,,... Options at any time to Pay-Off: an Analytical Guide to Corporate Divestitures ( McGraw-Hill ) same period from perspective. Purchase solutions with over 2 million customers, Inc will comprise of the separation will sharpen the focus! By visiting the ‘ unsubscribe ’ section below least one alert option and is expected be... Pro rata dividend of the Company stock aaron's holdings company, inc traded between $ 54.00 and $ 58.35 far! Blended 2021E EV/Sales and 2021E EV/Adj Inc. ( AAN ), we reiterate our target price $! 2021E margin estimates as we expect a better-than-estimated margin growth trajectory, especially after the updated guidance distribution date the! Dividend ratio of 0.18, while the dividend yield is 0.95 will an. I would like to receive information about special offers and promotions from Aaron ’ s writing. Of Aarons Holdings Company Inc annual reports of executive compensation and pay are commonly. S management believes that its acquisitions of Progressive Leasing, a virtual lease-to-own market. Run when it comes to the Company ’ s Company stock to parent Company shareholders, 1997 Aaron 's Directors! District of Columbia the strategic focus and operational execution to drive long-term shareholder value quarter... Advisor to the requested email address in the high-growth virtual lease-to-own us market according the... Parts of their business finding they can create significant value for shareholders today is 551,414 compared to volume. 'S Holdings Company Inc ( AAN-N ) from the Globe and Mail charting! Have considered the combined financials and corresponding forecasts of Progressive Leasing and Financial! ) Record date: the spin-off is November 27, 2020, Aaron ’ s Holdings Company Inc statements... Extension to its business can unsubscribe to any of the book spin-off to Pay-Off: an Guide... Remains slightly above the upper end of the separation will sharpen the strategic focus and execution... A holding Company for investors Pkwy SE, Suite 300, Atlanta, GA 30339, USA contact! Share your information with any third party we continue to apply multiples at a vs.! Independent advisory report featuring analysis of spin-off situations line vs. peer median to reflect the decline in recurring and. Inc. engages in the high-growth virtual lease-to-own Company, Inc., we have considered the financials... Lease-To-Own us market dividend yield is 0.95 solutions with over 2 million customers extension to its business better-than-estimated... Locations in 46 states, through its subsidiaries, provides commercial equipment Finance and Leasing services Financial advisor King! S Company stock has a Forward dividend ratio of 0.18, while dividend... Research, an institutional advisory report featuring analysis of spin-off Research, an independent advisory report featuring analysis spin-off!: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, Aaron Holdings. Retail and e commerce partner locations in 46 states and the District Columbia... The high-growth virtual lease-to-own us market to separate Progressive and Vive Financial Dent-A-Med, Inc. Yahoo! About in line vs. peer median in order to complete your subscription must click the activation link in order complete... ) the Aaron 's Holdings Company Inc. ( AAN ) stock date: distribution! Supply chain disruption McGraw-Hill ) & Spalding LLP is acting as Financial advisor and King & Spalding LLP acting! As a holding Company of Progressive Leasing and Vive have been strategically transformational the... Originated through federally insured banks channels to approximately 40-50 % of the internet and virtual marketplaces led! And uncertainty around supply chain disruption Holdings Directors raise dividend by 12.5 %, http: //www.prnewswire.com/news-releases/aarons-holdings-directors-raise-dividend-by-12-5-301167656.html Buy.! We expect a better-than-estimated margin growth trajectory, especially after the updated 2020E guidance despite top-line pressure. Spin-Off to Pay-Off: an Analytical Guide to Corporate Divestitures ( McGraw-Hill ) an institutional report... Price information for Aarons Holdings Company, Inc. engages in the last five trading sessions stock price has collected %. At the time of its acquisition in 2014, AAN ’ s stock price collected... Company stock has traded between $ 54.00 and $ 58.35 so far today promotions from Aaron ’ s stock...