The Aaron’s Company, Inc. (NYSE:AAN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of The Aaron’s Company, Inc. (NYSE:AAN) 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 (NYSE:AAN) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.21. Aaron’s had a positive return on equity of 6.43% and a negative net margin of 0.10%. The business had revenue of $530.40 million during the quarter, compared to analysts’ expectations of $547.87 million. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue was down 13.1% compared to the same quarter last year. On average, analysts anticipate that The Aaron’s Company, Inc. will post 1.24 EPS for the current fiscal year.

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.

About Aaron’s

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.