DGS Capital Management LLC Sells 3,077 Shares of The Aaron’s Company, Inc. (NYSE:AAN)

DGS Capital Management LLC reduced its stake in shares of The Aaron’s Company, Inc. (NYSE:AAN) by 20.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,615 shares of the company’s stock after selling 3,077 shares during the period. DGS Capital Management LLC’s holdings in Aaron’s were worth $87,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAN. Charles Schwab Investment Management Inc. increased its holdings in Aaron’s by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 912,168 shares of the company’s stock worth $9,550,000 after purchasing an additional 50,301 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Aaron’s by 180.2% in the third quarter. Hsbc Holdings PLC now owns 40,794 shares of the company’s stock valued at $428,000 after acquiring an additional 26,235 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Aaron’s in the third quarter valued at approximately $1,896,000. Sherbrooke Park Advisers LLC bought a new position in shares of Aaron’s in the third quarter valued at approximately $109,000. Finally, Caxton Associates LP grew its holdings in shares of Aaron’s by 100.8% in the third quarter. Caxton Associates LP now owns 23,734 shares of the company’s stock valued at $248,000 after acquiring an additional 11,912 shares in the last quarter. 91.99% of the stock is owned by institutional investors.

Aaron’s Trading Up 0.1 %

NYSE:AAN opened at $9.96 on Friday. The company has a market cap of $304.92 million, a P/E ratio of -12.60 and a beta of 1.39. The stock’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 company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72.

Aaron’s (NYSE:AAN) last posted 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). The company had revenue of $511.50 million for the quarter, compared to analysts’ expectations of $521.05 million. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. As a group, analysts expect that The Aaron’s Company, Inc. will post 0.11 EPS for the current year.

Aaron’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.02%. Aaron’s’s dividend payout ratio (DPR) is presently -63.29%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Loop Capital upped their target price on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. TD Cowen upped their target price on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Monday, June 17th. StockNews.com began coverage on Aaron’s in a research note on Thursday. They issued a “hold” rating on the stock. Truist Financial upped their price objective on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Finally, BTIG Research began coverage on Aaron’s in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.70.

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.