Aaron's, Inc. Buyback
OLI recorded this information on 2/15/2018
Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that the Company's Board of Directors has approved a new share repurchase program authorizing management to repurchase up to $500 million of the Company's outstanding common stock. In light of the new repurchase program, the Company has discontinued its previous share repurchase program.
Aaron's is a provider of lease-purchase solutions. Co. primarily provides consumers with lease-purchase solutions for the products they need and want including furniture, appliances, electronics, jewelry and other products. Co. conducts its business through three operating segments: Progressive Leasing, a virtual lease-to-own company that provides lease-purchase solutions; Aaron's Business, which engages in the sales and lease ownership and retailing of furniture, home appliances, consumer electronics and accessories through its stores in several states, Canada and Puerto Rico, as well as its e-commerce platform, Aarons.com; and Dent-A-Med, Inc., which provides a variety of credit products.
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Buy (3.33 out of 4)
(ranked higher than approx. 57% of all stocks covered)
Based on Zacks ABR data;
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