Find the latest SEC Filings data for Aarons Holdings Company, Inc. Common Stock (AAN) at Nasdaq.com. I am the author of the book Spin. AARONS AKTIE und aktueller Aktienkurs. 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. Spin-Offs often result in higher aggregate value for the constituent pieces. 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 Leasing and Vive Financial) and The Aaron’s Company, Inc. (Aaron’s Business segment). The distribution date for the spin-off is November 30, 2020 and both stocks will commence regular-way trading on December 1, 2020. We are encouraged by Aaron’s Business unit generating consistent margins over the years, despite top-line growth pressure. 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. Spin-Off Research. On November 17, 2020, AAN announced additional details of the separation. Opinions expressed by Forbes Contributors are their own. We apply multiples about in line vs. peer median. You can unsubscribe at anytime. 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. 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. 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. Friday, November 27, 2020). 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. Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. Goldman Sachs & Co 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). (g) Tax Status: The spin-off is expected to be Tax-Free. 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). Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. Progressive’s strong growth and invoice volumes during the pandemic should instill confidence in the unit’s growth prospects. You can sign up for additional alert options at any time. The company’s stock price has collected -49.38% of loss in the last five trading sessions. 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. Considering shares outstanding of 68 million, we retain our target price ($73.00 per share) and Buy rating on AAN (Consolidated), given significant upside. AAN is amongst the leading omnichannel providers of lease purchase solutions with over 2 million 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 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. About Aarons Company Inc (The) The Aaron's Co., Inc. engages in the provision of lease-purchase solutions. 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. 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. A ) Record date for the Company ’ s Company stock has a Forward dividend ratio of 0.18, the! Originated through federally insured banks ) Record date for the Company ’ s current Progressive business and... Llp is acting as legal advisor to the Company ’ s current quarter results rata dividend of separation! 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