The Aaron's Company, Inc. (NYSE:AAN) Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of The Aaron's Company, Inc. (NYSE:AAN - Free Report) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,605,133 shares of the company's stock after selling 139,443 shares during the period. Dimensional Fund Advisors LP owned 5.09% of Aaron's worth $16,019,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Alpine Associates Management Inc. acquired a new position in shares of Aaron's during the 2nd quarter worth approximately $8,379,000. Acadian Asset Management LLC raised its holdings in Aaron's by 25.5% in the 1st quarter. Acadian Asset Management LLC now owns 807,933 shares of the company's stock valued at $6,056,000 after acquiring an additional 164,392 shares during the last quarter. American Century Companies Inc. raised its holdings in Aaron's by 12.1% in the 2nd quarter. American Century Companies Inc. now owns 759,972 shares of the company's stock valued at $7,585,000 after acquiring an additional 81,910 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Aaron's by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 350,857 shares of the company's stock valued at $3,502,000 after acquiring an additional 18,035 shares during the last quarter. Finally, Acuitas Investments LLC acquired a new position in Aaron's in the 2nd quarter valued at $2,244,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AAN shares. StockNews.com started coverage on Aaron's in a report on Tuesday, October 1st. They issued a "hold" rating for the company. Jefferies Financial Group reiterated a "hold" rating and issued a $10.10 price target (down from $11.00) on shares of Aaron's in a report on Wednesday, July 10th. Truist Financial upped their price objective on Aaron's from $8.00 to $10.10 and gave the stock a "hold" rating in a report on Tuesday, June 18th. TD Cowen upped their price objective on Aaron's from $8.00 to $10.10 and gave the stock a "hold" rating in a report on Monday, June 17th. Finally, Loop Capital upped their price objective on Aaron's from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, June 18th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Aaron's has a consensus rating of "Hold" and an average target price of $9.46.

Aaron's Stock Up 1.0 %

Aaron's stock traded up $0.10 during trading on Friday, reaching $10.09. 2,775,856 shares of the company's stock were exchanged, compared to its average volume of 616,941. The company's 50-day moving average is $10.04 and its two-hundred day moving average is $8.89. 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 Aaron's Company, Inc. has a 52-week low of $6.62 and a 52-week high of $11.90. The firm has a market cap of $318.06 million, a price-to-earnings ratio of -12.77 and a beta of 1.43.

Aaron's (NYSE:AAN - Get Free Report) 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 business had revenue of $503.10 million for the quarter, compared to analysts' expectations of $513.91 million. During the same period last year, the company posted $0.39 earnings per share. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts predict that The Aaron's Company, Inc. will post -0.01 earnings per share for the current year.

Aaron's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 4.96%. Aaron's's payout ratio is currently -63.29%.

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.