AQR Capital Management LLC Takes $2.10 Million Position in The Aaron's Company, Inc. (NYSE:AAN)

AQR Capital Management LLC acquired a new position in shares of The Aaron's Company, Inc. (NYSE:AAN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 210,256 shares of the company's stock, valued at approximately $2,096,000. AQR Capital Management LLC owned 0.67% of Aaron's as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Gladius Capital Management LP bought a new stake in Aaron's in the second quarter valued at $41,000. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 3,870 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in Aaron's by 239.5% in the second quarter. Fortitude Family Office LLC now owns 8,385 shares of the company's stock worth $84,000 after acquiring an additional 5,915 shares in the last quarter. EMC Capital Management boosted its holdings in Aaron's by 172.8% in the first quarter. EMC Capital Management now owns 12,211 shares of the company's stock worth $92,000 after acquiring an additional 7,735 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in Aaron's in the first quarter worth approximately $115,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

Aaron's Stock Performance

Aaron's stock traded up $0.10 during mid-day trading on Wednesday, reaching $10.09. 2,775,800 shares of the company's stock were exchanged, compared to its average volume of 616,941. The business's fifty day simple moving average is $10.05 and its 200 day simple moving average is $8.93. The firm has a market capitalization of $318.06 million, a PE ratio of -12.77 and a beta of 1.43. The Aaron's Company, Inc. has a one year low of $6.62 and a one year high of $11.90. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Aaron's (NYSE:AAN - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.07) EPS 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 the consensus estimate of $513.91 million. During the same quarter last year, the business posted $0.39 earnings per share. The business's revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts expect that The Aaron's Company, Inc. will post -0.01 earnings per share for the current year.

Aaron's Announces Dividend

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

Wall Street Analyst Weigh In

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

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.