The Aaron’s Company, Inc. (NYSE:AAN) Director Acquires $140,000.00 in Stock

The Aaron’s Company, Inc. (NYSE:AAN) 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) 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

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.68%. Aaron’s’s payout ratio is currently 166.67%.

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.

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.