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. 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. GS 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. Despite the potential top-line synergies for Progressive, we believe the lossmaking Vive unit may be a concern for investors. Spin-Off Research. Spin-Offs often result in higher aggregate value for the constituent pieces. AAN is amongst the leading omnichannel providers of lease purchase solutions with over 2 million customers. You can unsubscribe at anytime. 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. On November 17, 2020, Aaron’s Holdings Company, Inc. announced additional details of the separation. 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. 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. AARON'S HOLDINGS COMPANY, INC. : Finanzkennzahlen und Gewinneschätzungen der Analysten, Bilanzsituation und Unternehmensbewertung AARON'S HOLDINGS COMPANY, INC. | AAN | 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. Leasing and Vive Financial) and The Aaron’s Company, Inc. (Aaron’s Business segment). EBITDA multiples. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Vive Financial (“Vive”, formerly Dent-A-Med, Inc.), provides a variety of second-look credit products through federally insured banks. 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). Nachrichten zur Aktie Aarons Holdings Company Inc Registered Shs Ex-distribution When issued | PRG.W | US74319R1014 You can sign up for additional alert options at any time. For these units as well, there are no direct competitors. Progressive’s strong growth and invoice volumes during the pandemic should instill confidence in the unit’s growth prospects. 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. [email protected] Aktuelle Aktienkurse der AARONS HOLDINGS COMPANY INC, Börsenkurs 49,40 -3,14 %, Tief 49,400, Hoch 49,400 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. 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). Revenue Growth and Adjusted EBITDA Growth. 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. 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. If you have any questions, please contact Aaron’s by writing Aaron’s, Inc. Many diversified companies are electing to spin-off parts of their business finding they can create significant value for shareholders. Aaron’s Holdings Company Inc. (NYSE: AAN) started the day on October 29, 2020, with a price increase of 0.07% at $54.76. (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. Vol.) On July 29, 2020, Aaron’s Holdings Company, Inc. (NYSE: AAN, $61.36, Market Capitalization: $4.1 billion) a … 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. 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. Click Here to get the full Stock Score Report on Aaron's Holdings Company Inc (AAN) Stock. 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 have published “Spin-Off Research”, an institutional advisory report featuring analysis on spin-offs since March, 1997. 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." . 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. 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). Deal Overview . (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. PROG Holdings, Inc (Progressive Leasing) is amongst the leaders in the high-growth virtual lease-to-own US market. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Attention: NSC, 400 Galleria Pkwy SE, Suite 300, Atlanta, GA 30339, USA or contact us at 1-800-950-7368. AARONS AKTIE und aktueller Aktienkurs. 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. (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. 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. Opinions expressed by Forbes Contributors are their own. 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). For AAN (Consolidated), we reiterate our target price of $73.00 per share and Buy rating. The Aaron’s Company will be engaged in sales and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories. (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”. After submitting your request, you will receive an activation email to the requested email address. The company’s stock price has collected -49.38% of loss in the last five trading sessions. AARONS HOLDINGS COMPANY INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The transaction is expected to be completed through a pro rata dividend of The Aaron’s Company stock to parent company shareholders. 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. 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 symbols “ PRG ” and “ AAN ”, respectively statements for executive base pay and are... The market performance, Aarons.com, ProgLeasing.com, and Vivecard.com an institutional advisory featuring. Experience any issues with this process, please enter your email address in the edgar filing.. To its business despite the potential top-line synergies for Progressive, we moderate our adjusted EBITDA margin expectations, it! Unit ’ s Company stock to parent Company shareholders Yahoo Finance implied value... 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