Massachusetts Financial Services Co. MA Buys 1,065 Shares of The Aaron’s Company, Inc. (NYSE:AAN)

Massachusetts Financial Services Co. MA lifted its stake in The Aaron’s Company, Inc. (NYSE:AAN) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,781 shares of the company’s stock after acquiring an additional 1,065 shares during the period. Massachusetts Financial Services Co. MA owned 0.10% of Aaron’s worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AAN. Gladius Capital Management LP bought a new position in Aaron’s in the 2nd quarter worth approximately $41,000. GAMMA Investing LLC lifted its stake 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 acquiring an additional 3,870 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Aaron’s by 239.5% during the second quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock valued at $84,000 after acquiring an additional 5,915 shares during the period. Quest Partners LLC bought a new stake in Aaron’s in the fourth quarter valued at about $123,000. Finally, EMC Capital Management increased its holdings in Aaron’s by 172.8% in the first quarter. EMC Capital Management now owns 12,211 shares of the company’s stock valued at $92,000 after purchasing an additional 7,735 shares during the last quarter. 91.99% of the stock is owned by institutional investors.

Aaron’s Stock Performance

AAN opened at $10.05 on Tuesday. The Aaron’s Company, Inc. has a 12-month low of $6.62 and a 12-month high of $11.90. The stock has a market cap of $316.64 million, a price-to-earnings ratio of -12.72 and a beta of 1.43. The business has a 50 day moving average of $10.03 and a 200-day moving average of $8.70. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

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

Aaron’s Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AAN shares. Truist Financial upped their price objective on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Tuesday, June 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.10 price objective (down from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. BTIG Research initiated coverage on Aaron’s in a research report on Friday, June 7th. They set a “neutral” rating for the company. TD Cowen increased their price target on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Monday, June 17th. Finally, StockNews.com started coverage on Aaron’s in a research report on Monday. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.46.

Aaron’s Company 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.