Principal Financial Group Inc. decreased its position in shares of The Aaron’s Company, Inc. (NYSE:AAN – Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,251 shares of the company’s stock after selling 1,877 shares during the quarter. Principal Financial Group Inc. owned 0.61% of Aaron’s worth $1,828,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Cornercap Investment Counsel Inc. lifted its holdings in shares of Aaron’s by 1.0% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 77,081 shares of the company’s stock worth $921,000 after purchasing an additional 779 shares during the period. Rhumbline Advisers lifted its holdings in shares of Aaron’s by 1.3% during the second quarter. Rhumbline Advisers now owns 93,605 shares of the company’s stock worth $1,362,000 after purchasing an additional 1,233 shares during the period. DGS Capital Management LLC lifted its holdings in Aaron’s by 8.3% in the fourth quarter. DGS Capital Management LLC now owns 18,148 shares of the company’s stock valued at $217,000 after acquiring an additional 1,396 shares during the period. Legal & General Group Plc lifted its holdings in Aaron’s by 1.9% in the fourth quarter. Legal & General Group Plc now owns 75,731 shares of the company’s stock valued at $905,000 after acquiring an additional 1,444 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Aaron’s by 2.9% in the fourth quarter. Nordea Investment Management AB now owns 54,091 shares of the company’s stock valued at $637,000 after acquiring an additional 1,529 shares during the period. Institutional investors and hedge funds own 93.82% of the company’s stock.
Aaron’s Stock Up 1.6 %
Aaron’s stock opened at $12.26 on Tuesday. The stock has a market capitalization of $378.47 million, a PE ratio of -153.25 and a beta of 1.19. The Aaron’s Company, Inc. has a 12 month low of $7.64 and a 12 month high of $16.16. The business has a 50 day simple moving average of $13.82 and a 200-day simple moving average of $12.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.08 and a quick ratio of 0.73.
Aaron’s Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Thursday, September 14th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, September 13th. Aaron’s’s payout ratio is -625.00%.
Analyst Ratings Changes
A number of research analysts have issued reports on AAN shares. Truist Financial boosted their price target on Aaron’s from $12.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Jefferies Financial Group boosted their price target on Aaron’s from $15.00 to $17.00 in a report on Tuesday, July 11th. Loop Capital downgraded Aaron’s from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.00 to $14.00 in a report on Monday, July 10th. Stephens reissued an “equal weight” rating and issued a $18.00 price target on shares of Aaron’s in a report on Tuesday, August 1st. Finally, StockNews.com upgraded Aaron’s from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.36.
Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN) is a leading, technology-enabled, omnichannel provider of lease-purchase solutions. Aaron’s engages in direct-to-consumer sales and lease ownership of furniture, appliances, consumer electronics and accessories through its approximately 1,300 company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com.
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