Trium Capital LLP Takes Position in The Aaron's Company, Inc. (NYSE:AAN)

Trium Capital LLP acquired a new position in The Aaron's Company, Inc. (NYSE:AAN - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 404,808 shares of the company's stock, valued at approximately $4,028,000. Aaron's makes up about 1.2% of Trium Capital LLP's holdings, making the stock its 17th largest holding. Trium Capital LLP owned about 1.28% of Aaron's as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Water Island Capital LLC purchased a new position in Aaron's during the second quarter worth $9,711,000. Alpine Associates Management Inc. purchased a new stake in Aaron's during the 2nd quarter worth about $8,379,000. Acadian Asset Management LLC raised its stake 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 purchasing an additional 164,392 shares during the last quarter. American Century Companies Inc. lifted 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 purchasing an additional 81,910 shares in the last quarter. Finally, 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 purchasing an additional 228,678 shares in the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAN has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "hold" rating and issued a $10.10 price objective (down previously from $11.00) on shares of Aaron's in a research report on Wednesday, July 10th. StockNews.com initiated coverage on Aaron's in a research note on Tuesday, October 1st. They set a "hold" rating on the stock. TD Cowen lifted their price objective on Aaron's from $8.00 to $10.10 and gave the company a "hold" rating in a research report on Monday, June 17th. Truist Financial increased their target price on Aaron's from $8.00 to $10.10 and gave the stock a "hold" rating in a research report on Tuesday, June 18th. Finally, Loop Capital raised their price target on Aaron's from $8.00 to $10.00 and gave the stock a "hold" rating in a research note on Tuesday, June 18th. Seven 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 currently has an average rating of "Hold" and a consensus target price of $9.46.

Aaron's Trading Up 1.0 %

Shares of Aaron's stock traded up $0.10 during trading hours on Tuesday, reaching $10.09. The stock had a trading volume of 2,775,800 shares, compared to its average volume of 616,941. 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 has a market capitalization of $318.06 million, a price-to-earnings ratio of -12.77 and a beta of 1.43. The firm has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $8.91.

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 net margin of 2.06% and a negative return on equity of 2.08%. The business had revenue of $503.10 million for the quarter, compared to analyst estimates of $513.91 million. During the same period last year, the firm earned $0.39 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 4.96%. Aaron's's payout ratio is currently -63.29%.

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.