Renaissance Technologies LLC Buys 58,100 Shares of The Aaron's Company, Inc. (NYSE:AAN)

Renaissance Technologies LLC increased its stake in The Aaron's Company, Inc. (NYSE:AAN - Free Report) by 39.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 205,500 shares of the company's stock after purchasing an additional 58,100 shares during the quarter. Renaissance Technologies LLC owned about 0.65% of Aaron's worth $2,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Aaron's by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 31,781 shares of the company's stock worth $317,000 after purchasing an additional 1,065 shares during the period. Rhumbline Advisers raised its holdings in shares of Aaron's by 3.0% in the 2nd quarter. Rhumbline Advisers now owns 52,539 shares of the company's stock valued at $524,000 after acquiring an additional 1,553 shares in the last quarter. Verity Asset Management Inc. boosted its position in shares of Aaron's by 15.8% during the 1st quarter. Verity Asset Management Inc. now owns 19,732 shares of the company's stock valued at $148,000 after acquiring an additional 2,695 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Aaron's by 2.3% during the first quarter. Russell Investments Group Ltd. now owns 166,590 shares of the company's stock worth $1,249,000 after purchasing an additional 3,772 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Aaron's by 314.4% in the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company's stock worth $51,000 after purchasing an additional 3,870 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

Aaron's Trading Up 1.0 %

NYSE:AAN traded up $0.10 during midday trading on Thursday, reaching $10.09. 2,765,717 shares of the stock traded hands, compared to its average volume of 616,941. The stock has a market capitalization of $318.06 million, a P/E ratio of -12.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.02. The company has a fifty day moving average of $10.04 and a 200 day moving average of $8.84. The Aaron's Company, Inc. has a 12 month low of $6.62 and a 12 month high of $11.90.

Aaron's (NYSE:AAN - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). The business had revenue of $503.10 million during the quarter, compared to the consensus estimate of $513.91 million. Aaron's had a negative return on equity of 2.08% and a negative net margin of 2.06%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, research analysts predict that The Aaron's Company, Inc. will post -0.01 EPS for the current year.

Aaron's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, September 13th. Aaron's's dividend payout ratio (DPR) is currently -63.29%.

Wall Street Analyst Weigh In

AAN has been the subject of a number of research reports. StockNews.com assumed coverage on shares of Aaron's in a research note on Tuesday. They issued a "hold" rating for the company. Truist Financial raised their price objective on Aaron's from $8.00 to $10.10 and gave the company a "hold" rating in a report on Tuesday, June 18th. BTIG Research began coverage on shares of Aaron's in a research report on Friday, June 7th. They set a "neutral" rating on the stock. Loop Capital boosted their price objective on shares of Aaron's from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, June 18th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $10.10 target price (down previously from $11.00) on shares of Aaron's in a report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Aaron's has an average rating of "Hold" and a consensus price target of $9.46.

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.