Dimensional Fund Advisors LP Lowers Stake in The Aaron’s Company, Inc. (NYSE:AAN)

Dimensional Fund Advisors LP reduced its holdings in shares of The Aaron’s Company, Inc. (NYSE:AANFree Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,803,415 shares of the company’s stock after selling 87,030 shares during the period. Dimensional Fund Advisors LP owned 5.95% of Aaron’s worth $19,622,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Gladius Capital Management LP grew its position in Aaron’s by 80.0% during the third quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock valued at $27,000 after buying an additional 1,157 shares during the period. Meeder Asset Management Inc. purchased a new stake in Aaron’s during the fourth quarter valued at $29,000. Copeland Capital Management LLC raised its stake in Aaron’s by 54,820.0% during the fourth quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock valued at $30,000 after purchasing an additional 2,741 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in Aaron’s during the fourth quarter valued at $51,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Aaron’s in the third quarter valued at $67,000. 91.99% of the stock is owned by hedge funds and other institutional investors.

Aaron’s Price Performance

Aaron’s stock opened at $8.11 on Wednesday. The company’s fifty day moving average price is $7.36 and its 200 day moving average price is $8.89. The Aaron’s Company, Inc. has a 1 year low of $6.62 and a 1 year high of $16.16. The stock has a market capitalization of $248.41 million, a P/E ratio of -10.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.72 and a current ratio of 1.03.

Aaron’s (NYSE:AANGet Free Report) last announced its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The business had revenue of $511.50 million for the quarter, compared to analyst estimates of $521.05 million. During the same period last year, the firm earned $0.66 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Aaron’s Company, Inc. will post 0.11 earnings per share for the current fiscal year.

Aaron’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.50 annualized dividend and a dividend yield of 6.17%. Aaron’s’s dividend payout ratio is presently -63.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AAN shares. Stifel Nicolaus restated a “hold” rating and issued a $7.00 price target on shares of Aaron’s in a report on Monday, March 11th. StockNews.com raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. TD Cowen began coverage on shares of Aaron’s in a research report on Friday, March 8th. They issued a “market perform” rating and a $7.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of Aaron’s from $9.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.50.

View Our Latest Stock Report on Aaron’s

About Aaron’s

(Free Report)

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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Institutional Ownership by Quarter for Aaron's (NYSE:AAN)

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