Lazard Asset Management LLC Buys Shares of 5,858 The Aaron’s Company, Inc. (NYSE:AAN)

Lazard Asset Management LLC bought a new stake in The Aaron’s Company, Inc. (NYSE:AANGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,858 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAN. First Horizon Advisors Inc. increased its position in Aaron’s by 1,232.0% in the second quarter. First Horizon Advisors Inc. now owns 3,743 shares of the company’s stock worth $54,000 after buying an additional 3,462 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Aaron’s in the second quarter worth about $89,000. DGS Capital Management LLC purchased a new stake in Aaron’s in the second quarter worth about $166,000. Commonwealth Equity Services LLC purchased a new stake in Aaron’s in the first quarter worth about $232,000. Finally, Waters Parkerson & CO. LLC increased its position in Aaron’s by 14.9% in the second quarter. Waters Parkerson & CO. LLC now owns 15,940 shares of the company’s stock worth $232,000 after buying an additional 2,070 shares in the last quarter. Hedge funds and other institutional investors own 98.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Truist Financial reduced their price target on Aaron’s to $13.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Stephens reduced their price target on Aaron’s to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Bank of America cut Aaron’s from a “neutral” rating to an “underperform” rating and set a $6.50 target price for the company. in a research report on Monday, October 24th. StockNews.com upgraded Aaron’s from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Finally, Bank Of America (Bofa) cut Aaron’s to an “underperform” rating in a research report on Monday, October 24th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.17.

Aaron’s Stock Performance

NYSE:AAN opened at $11.85 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.73 and a debt-to-equity ratio of 0.39. The Aaron’s Company, Inc. has a 12-month low of $7.64 and a 12-month high of $25.96. The stock has a 50-day moving average price of $10.23 and a 200 day moving average price of $13.66. The stock has a market capitalization of $364.74 million, a P/E ratio of 23.70 and a beta of 0.92.

Aaron’s (NYSE:AANGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.15. The business had revenue of $593.40 million during the quarter, compared to analysts’ expectations of $558.54 million. Aaron’s had a return on equity of 11.32% and a net margin of 0.80%. The firm’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. Equities research analysts forecast that The Aaron’s Company, Inc. will post 1.98 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.112 per share. This represents a $0.45 annualized dividend and a yield of 3.78%. The ex-dividend date is Wednesday, December 14th. Aaron’s’s dividend payout ratio is presently 90.00%.

About Aaron’s

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Aaron's (NYSE:AAN)

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