The Aaron’s Company, Inc. (NYSE:AAN – Get Free Report) Director Wangdali Bacdayan acquired 20,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $7.00 per share, with a total value of $140,000.00. Following the acquisition, the director now owns 32,893 shares in the company, valued at $230,251. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Aaron’s Stock Performance
NYSE AAN opened at $8.80 on Thursday. The stock has a market capitalization of $266.90 million, a price-to-earnings ratio of 29.33 and a beta of 1.31. The Aaron’s Company, Inc. has a twelve month low of $6.72 and a twelve month high of $16.16. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $9.10 and a 200 day moving average of $11.87.
Aaron’s (NYSE:AAN – Get Free Report) last announced its earnings results on Tuesday, October 24th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). Aaron’s had a net margin of 0.42% and a return on equity of 5.09%. The firm had revenue of $525.68 million for the quarter, compared to analyst estimates of $536.10 million. During the same period in the previous year, the company earned $0.31 EPS. Aaron’s’s revenue was down 11.4% compared to the same quarter last year. Sell-side analysts anticipate that The Aaron’s Company, Inc. will post 1.09 EPS for the current fiscal year.
Aaron’s Dividend Announcement
Analyst Ratings Changes
Several brokerages have recently issued reports on AAN. StockNews.com raised Aaron’s from a “hold” rating to a “buy” rating in a report on Tuesday. Stephens reaffirmed an “equal weight” rating and issued a $18.00 price target on shares of Aaron’s in a report on Tuesday, August 1st. Jefferies Financial Group reduced their price target on Aaron’s from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Finally, Truist Financial reduced their price target on Aaron’s from $15.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.16.
Hedge Funds Weigh In On Aaron’s
A number of hedge funds have recently made changes to their positions in AAN. Gladius Capital Management LP raised its holdings in shares of Aaron’s by 80.0% during the third quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock valued at $28,000 after acquiring an additional 1,157 shares during the last quarter. Signaturefd LLC grew its position in shares of Aaron’s by 231.2% in the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Aaron’s in the first quarter valued at approximately $50,000. State of Wyoming purchased a new stake in shares of Aaron’s in the second quarter valued at approximately $61,000. Finally, UBS Group AG grew its position in shares of Aaron’s by 430.2% in the third quarter. UBS Group AG now owns 6,554 shares of the company’s stock valued at $64,000 after purchasing an additional 8,539 shares in the last quarter. Institutional investors and hedge funds own 93.82% of the company’s stock.
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.
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