Los Angeles Capital Management LLC Sells 18,500 Shares of The Aaron’s Company, Inc. (NYSE:AAN)

Los Angeles Capital Management LLC decreased its holdings in The Aaron’s Company, Inc. (NYSE:AAN) by 11.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,908 shares of the company’s stock after selling 18,500 shares during the period. Los Angeles Capital Management LLC owned 0.47% of Aaron’s worth $1,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AAN. Russell Investments Group Ltd. boosted its stake in shares of Aaron’s by 24.2% in the fourth quarter. Russell Investments Group Ltd. now owns 162,818 shares of the company’s stock worth $1,771,000 after acquiring an additional 31,737 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Aaron’s by 10.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,005,375 shares of the company’s stock valued at $10,938,000 after buying an additional 93,207 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Aaron’s during the fourth quarter valued at approximately $335,000. First Eagle Investment Management LLC bought a new position in Aaron’s during the fourth quarter valued at approximately $1,879,000. Finally, Verity Asset Management Inc. bought a new position in Aaron’s during the fourth quarter valued at approximately $185,000. Institutional investors own 91.99% of the company’s stock.

Aaron’s Price Performance

NYSE:AAN opened at $10.07 on Wednesday. The firm has a market capitalization of $317.25 million, a price-to-earnings ratio of -12.74 and a beta of 1.43. The Aaron’s Company, Inc. has a 1 year low of $6.62 and a 1 year high of $11.90. The business has a 50 day simple moving average of $10.02 and a 200-day simple moving average of $8.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70.

Aaron’s (NYSE:AAN) last issued 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 business had revenue of $503.10 million during the quarter, compared to analysts’ expectations of $513.91 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that The Aaron’s Company, Inc. will post -0.01 EPS for the current year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders 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 dividend yield of 4.97%. Aaron’s’s payout ratio is -63.29%.

Analyst Upgrades and Downgrades

AAN has been the subject of a number of research reports. BTIG Research initiated coverage on Aaron’s in a research note on Friday, June 7th. They set a “neutral” rating for the company. StockNews.com initiated coverage on Aaron’s in a research note on Saturday. They set a “hold” rating for the company. Jefferies Financial Group reissued a “hold” rating and set a $10.10 price target (down from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. 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 note on Monday, June 17th. Finally, Truist Financial raised 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. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Aaron’s presently has an average rating of “Hold” and an average price target 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.