Vanguard Group Inc. Sells 288,831 Shares of The Aaron's Company, Inc. (NYSE:AAN)

Vanguard Group Inc. decreased its position in shares of The Aaron's Company, Inc. (NYSE:AAN - Free Report) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,032,920 shares of the company's stock after selling 288,831 shares during the period. Vanguard Group Inc. owned about 6.70% of Aaron's worth $21,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AAN. Gladius Capital Management LP lifted its stake in Aaron's by 80.0% in the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company's stock valued at $28,000 after purchasing an additional 1,157 shares during the last quarter. Signaturefd LLC lifted its stake in Aaron's by 231.2% in the 3rd quarter. Signaturefd LLC now owns 2,865 shares of the company's stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. State of Wyoming bought a new position in Aaron's in the 2nd quarter valued at approximately $61,000. UBS Group AG lifted its stake in Aaron's by 430.2% in the 3rd quarter. UBS Group AG now owns 6,554 shares of the company's stock valued at $64,000 after purchasing an additional 8,539 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Aaron's during the third quarter valued at $67,000. Institutional investors and hedge funds own 91.99% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AAN. Stifel Nicolaus reaffirmed a "hold" rating and set a $7.00 price target on shares of Aaron's in a research note on Monday, March 11th. Stephens raised shares of Aaron's from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, January 2nd. StockNews.com raised shares of Aaron's from a "hold" rating to a "buy" rating in a research note on Saturday, April 6th. TD Cowen began coverage on shares of Aaron's in a research note on Friday, March 8th. They set a "market perform" rating and a $7.00 target price for the company. Finally, Truist Financial lowered their target price on shares of Aaron's from $12.00 to $9.00 and set a "hold" rating for the company in a research note on Wednesday, February 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.67.

Aaron's Stock Up 0.3 %

NYSE:AAN traded up $0.02 during trading hours on Friday, reaching $7.16. The company had a trading volume of 241,990 shares, compared to its average volume of 245,425. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $225.43 million, a price-to-earnings ratio of 89.50 and a beta of 1.31. The business's 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $9.22. The Aaron's Company, Inc. has a twelve month low of $6.72 and a twelve month high of $16.16.

Aaron's (NYSE:AAN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.29). The company had revenue of $529.50 million during the quarter, compared to analyst estimates of $542.07 million. Aaron's had a return on equity of 3.59% and a net margin of 0.13%. The company's revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, equities analysts expect that The Aaron's Company, Inc. will post 0.08 earnings per share for the current year.

Aaron's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, March 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.98%. The ex-dividend date of this dividend was Wednesday, March 13th. Aaron's's dividend payout ratio is 625.00%.

About Aaron's

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.