19,869 Shares in The Aaron’s Company, Inc. (NYSE:AAN) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in shares of The Aaron’s Company, Inc. (NYSE:AAN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,869 shares of the company’s stock, valued at approximately $216,000. Quadrature Capital Ltd owned about 0.06% of Aaron’s at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in Aaron’s by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 912,168 shares of the company’s stock valued at $9,550,000 after purchasing an additional 50,301 shares during the period. Hsbc Holdings PLC grew its holdings in Aaron’s by 180.2% during the third quarter. Hsbc Holdings PLC now owns 40,794 shares of the company’s stock valued at $428,000 after purchasing an additional 26,235 shares during the period. Qube Research & Technologies Ltd acquired a new position in Aaron’s during the third quarter valued at approximately $1,896,000. Sherbrooke Park Advisers LLC acquired a new position in Aaron’s during the third quarter valued at approximately $109,000. Finally, Caxton Associates LP grew its holdings in Aaron’s by 100.8% during the third quarter. Caxton Associates LP now owns 23,734 shares of the company’s stock valued at $248,000 after purchasing an additional 11,912 shares during the period. 91.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAN has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Aaron’s in a report on Thursday. They issued a “hold” rating for the company. TD Cowen upped their price target on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Monday, June 17th. Loop Capital upped their price target on shares of Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $7.00 price target on shares of Aaron’s in a report on Monday, March 11th. Finally, Truist Financial increased their target price on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a report on Tuesday, June 18th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.70.

Aaron’s Stock Performance

NYSE AAN opened at $9.96 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $7.96 and its two-hundred day moving average price is $8.86. The Aaron’s Company, Inc. has a 1 year low of $6.62 and a 1 year high of $16.16. The firm has a market capitalization of $304.92 million, a P/E ratio of -12.60 and a beta of 1.39.

Aaron’s (NYSE:AAN) last posted its quarterly 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 firm had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. During the same period last year, the company posted $0.66 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. As a group, research analysts anticipate that The Aaron’s Company, Inc. will post 0.11 EPS for the current year.

Aaron’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Friday, June 14th. Aaron’s’s payout ratio is presently -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.