135,587 Shares in The Aaron’s Company, Inc. (NYSE:AAN) Bought by Sagefield Capital LP

Sagefield Capital LP acquired a new stake in shares of The Aaron’s Company, Inc. (NYSE:AAN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 135,587 shares of the company’s stock, valued at approximately $1,353,000. Sagefield Capital LP owned 0.43% of Aaron’s at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of Aaron’s by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,781 shares of the company’s stock worth $317,000 after buying an additional 1,065 shares during the period. Rhumbline Advisers grew its holdings in Aaron’s by 3.0% in the second quarter. Rhumbline Advisers now owns 52,539 shares of the company’s stock worth $524,000 after purchasing an additional 1,553 shares during the period. Verity Asset Management Inc. grew its holdings in Aaron’s by 15.8% in the first quarter. Verity Asset Management Inc. now owns 19,732 shares of the company’s stock worth $148,000 after purchasing an additional 2,695 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Aaron’s by 2.3% during the first quarter. Russell Investments Group Ltd. now owns 166,590 shares of the company’s stock valued at $1,249,000 after purchasing an additional 3,772 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Aaron’s by 314.4% during the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock valued at $51,000 after purchasing an additional 3,870 shares during the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

Aaron’s Price Performance

AAN opened at $10.05 on Tuesday. The Aaron’s Company, Inc. has a 1 year low of $6.62 and a 1 year high of $11.90. The business’s 50-day moving average is $10.03 and its two-hundred day moving average is $8.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70. The firm has a market capitalization of $316.64 million, a PE ratio of -12.72 and a beta of 1.43.

Aaron’s (NYSE:AAN) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). Aaron’s had a negative return on equity of 2.08% and a negative net margin of 2.06%. The company had revenue of $503.10 million for the quarter, compared to analyst estimates of $513.91 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts anticipate that The Aaron’s Company, Inc. will post -0.01 earnings per share for the current fiscal year.

Aaron’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 annualized dividend and a yield of 4.98%. Aaron’s’s dividend payout ratio (DPR) is presently -63.29%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Cowen raised their price objective on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Monday, June 17th. Loop Capital raised their price target on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $10.10 price target (down previously from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. BTIG Research assumed coverage on shares of Aaron’s in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, StockNews.com initiated coverage on shares of Aaron’s in a research note on Monday. They issued a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.46.

Aaron’s Profile

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.