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aaron's holdings company, inc

Posted Saturday, January 16th, 2021

Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. 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. Headquartered in Atlanta, Aaron's Holdings Company, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. On November 17, 2020, AAN announced additional details of the separation. 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. Aaron's Holdings Company, Inc. operates as a holding company. All Rights Reserved, This is a BETA experience. 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. 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. Headquartered in Draper, UT, PROG Holdings, Inc will comprise of the company’s current Progressive business segment and Vive Financial. Leasing and Vive Financial) and The Aaron’s Company, Inc. (Aaron’s Business segment). Headquartered in Atlanta, The Aaron's Company (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. You can unsubscribe at anytime. AAN’s management believes that its acquisitions of Progressive Leasing and Vive have been strategically transformational for the company from this perspective. 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. Despite the potential top-line synergies for Progressive, we believe the lossmaking Vive unit may be a concern for investors. Detailed price information for Aarons Holdings Company Inc (AAN-N) from The Globe and Mail including charting and trades. View the basic AAN option chain and compare options of Aarons Holdings Company, Inc. on Yahoo Finance. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. 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. 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. AARONS AKTIE und aktueller Aktienkurs. I am the author of the book Spin. Aktuelle Aktienkurse der AARONS HOLDINGS COMPANY INC, Börsenkurs 49,40 -3,14 %, Tief 49,400, Hoch 49,400 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. Nachrichten zur Aktie Aarons Holdings Company Inc Registered Shs Ex-distribution When issued | PRG.W | US74319R1014 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. 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. Headquartered in Draper, UT, PROG Holdings, Inc. will comprise of the company’s current Progressive business segment and Vive Financial. Volume today is 551,414 compared to average volume of 499,978. Headquartered in Atlanta, Aaron’s Holdings Company, Inc. has three business segments- Progressive Leasing, Aaron’s Business and Vive Financial. 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 November 17, 2020, Aaron’s Holdings Company, Inc. announced additional details of the separation. Aaron’s Holdings Company Inc. (NYSE: AAN) started the day on October 29, 2020, with a price increase of 0.07% at $54.76. Vive Financial  provides a variety of second-look credit products that are originated through federally insured banks. As with most industries, the advent of the internet and virtual marketplaces has led to a transformation of the lease-to-own industry. 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. At Aaron's, Inc., we promise to treat your data with respect and will not share your information with any third party. 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. 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. I am the author of the book Spin-Off to Pay-Off: An Analytical Guide to Corporate Divestitures (McGraw-Hill). For AAN (Consolidated), we reiterate our target price of $73.00 per share and Buy rating. The higher margin estimates more than offset our lower net cash estimate, leading to an implied equity value of $3,380 million. I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. 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. 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. 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. (e) Regular-Way Trading: Both the stocks will commence regular-way trading on December 1, 2020. See the company profile for Aarons Holdings Company, Inc. (AAN) including business summary, industry/sector information, number of employees, business … Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal … 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. (g) Tax Status: The spin-off is expected to be Tax-Free. 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. 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”. We apply multiples about in line vs. peer median. PROG Holdings, Inc (Progressive Leasing) is amongst the leaders in the high-growth virtual lease-to-own US market. 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. (Carlos Delgado/AP Images for Aaron's Inc.). Deal Overview . The Aarons Co Inc is a speciality retailer which has developed a unique lease-to-own model. 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. GS 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. Progressive Leasing provides lease-purchase solutions through 19,000+ retail and e commerce partner locations in 46 states and the District of Columbia. 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 We continue to apply multiples at a discount vs. peer median to reflect the decline in recurring revenues and uncertainty around supply chain disruption. We opine that the decision to separate Progressive and Vive bundled together factors in this aspect. 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). 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. InvestorRelations@aarons.com. Find the latest SEC Filings data for Aarons Holdings Company, Inc. Common Stock (AAN) at Nasdaq.com. 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. Goldman Sachs & Co 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. I would like to receive information about special offers and promotions from Aaron’s. 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 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. 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 For PROG Holdings, we have considered the combined financials and corresponding forecasts of Progressive Leasing and Vive Financial. Aaron’s Holdings Company, Inc. is a leading omni-channel provider of lease-purchase solutions. 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). 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. Opinions expressed by Forbes Contributors are their own. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. 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. According to the management, the separation will sharpen the strategic focus and operational execution to drive long-term shareholder value. 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.

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