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

Dimensional Fund Advisors LP reduced its position in shares of The Aaron’s Company, Inc. (NYSE:AAN) by 8.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,605,133 shares of the company’s stock after selling 139,443 shares during the period. Dimensional Fund Advisors LP owned about 5.09% of Aaron’s worth $16,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bragg Financial Advisors Inc increased its stake in Aaron’s by 160.9% during the 4th quarter. Bragg Financial Advisors Inc now owns 200,791 shares of the company’s stock worth $2,185,000 after buying an additional 123,839 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Aaron’s during the fourth quarter worth $216,000. Los Angeles Capital Management LLC raised its stake in shares of Aaron’s by 18.9% in the first quarter. Los Angeles Capital Management LLC now owns 166,408 shares of the company’s stock valued at $1,248,000 after acquiring an additional 26,502 shares in the last quarter. Norden Group LLC purchased a new position in Aaron’s in the first quarter valued at $178,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Aaron’s by 130.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,767 shares of the company’s stock worth $246,000 after purchasing an additional 18,547 shares in the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAN has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.10 price target (down previously from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. StockNews.com initiated coverage on shares of Aaron’s in a research note on Tuesday, October 1st. They issued a “hold” rating for the company. Loop Capital increased their price objective on shares of Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Truist Financial raised their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, TD Cowen boosted their target price on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research note on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.46.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $10.09 on Friday. The firm has a market capitalization of $318.06 million, a P/E ratio of -12.77 and a beta of 1.43. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The Aaron’s Company, Inc. has a 52 week low of $6.62 and a 52 week high of $11.90. The firm’s 50 day moving average is $10.04 and its two-hundred day moving average is $8.88.

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

Aaron’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Friday, September 13th. Aaron’s’s payout ratio is currently -63.29%.

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.