The Aaron’s Company, Inc. (NYSE:AAN) Stake Lessened by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC lessened its stake in shares of The Aaron’s Company, Inc. (NYSE:AAN) by 39.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,312 shares of the company’s stock after selling 12,655 shares during the quarter. Susquehanna Portfolio Strategies LLC owned about 0.06% of Aaron’s worth $193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Aaron’s in the second quarter valued at $320,000. Millennium Management LLC lifted its holdings in Aaron’s by 139.7% in the 2nd quarter. Millennium Management LLC now owns 392,405 shares of the company’s stock valued at $3,916,000 after acquiring an additional 228,678 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Aaron’s during the 2nd quarter valued at about $2,096,000. Marshall Wace LLP acquired a new position in shares of Aaron’s in the 2nd quarter worth approximately $1,958,000. Finally, Sagefield Capital LP bought a new stake in shares of Aaron’s in the 2nd quarter worth approximately $1,353,000. Institutional investors own 91.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Aaron’s Stock Up 0.2 %

Aaron’s stock opened at $10.05 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The Aaron’s Company, Inc. has a 1-year low of $6.62 and a 1-year high of $11.90. The firm’s fifty day simple moving average is $10.04 and its 200-day simple moving average is $8.78. The company has a market capitalization of $316.80 million, a P/E ratio of -12.72 and a beta of 1.43.

Aaron’s (NYSE:AAN) last announced its quarterly 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). Aaron’s had a negative return on equity of 2.08% and a negative net margin of 2.06%. The company had revenue of $503.10 million during the quarter, compared to analyst estimates of $513.91 million. During the same period in the prior year, the firm earned $0.39 EPS. Aaron’s’s quarterly revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that The Aaron’s Company, Inc. will post -0.01 earnings per share for the current fiscal year.

Aaron’s Dividend Announcement

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

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.