Cornerstone Wealth Management LLC Cuts Stake in The Aaron’s Company, Inc. (NYSE:AAN)

Cornerstone Wealth Management LLC reduced its holdings in shares of The Aaron’s Company, Inc. (NYSE:AANFree Report) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,243 shares of the company’s stock after selling 2,202 shares during the period. Cornerstone Wealth Management LLC’s holdings in Aaron’s were worth $111,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gladius Capital Management LP increased its stake in Aaron’s by 80.0% during the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $28,000 after buying an additional 1,157 shares during the period. Signaturefd LLC increased its stake in Aaron’s by 231.2% during the 3rd quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares during the period. State of Wyoming purchased a new stake in Aaron’s during the 2nd quarter worth approximately $61,000. DekaBank Deutsche Girozentrale acquired a new position in Aaron’s during the 3rd quarter worth approximately $67,000. Finally, UBS Group AG grew its holdings in Aaron’s by 430.2% during the 3rd quarter. UBS Group AG now owns 6,554 shares of the company’s stock worth $64,000 after acquiring an additional 8,539 shares in the last quarter. 93.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price target on shares of Aaron’s in a report on Monday, March 11th. Stephens upgraded shares of Aaron’s from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 2nd. StockNews.com upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Truist Financial lowered their price target on shares of Aaron’s from $12.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Finally, TD Cowen started coverage on shares of Aaron’s in a report on Friday, March 8th. They issued a “market perform” rating and a $7.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Aaron’s presently has an average rating of “Hold” and an average price target of $11.11.

Get Our Latest Analysis on AAN

Aaron’s Trading Up 4.5 %

Shares of Aaron’s stock opened at $7.31 on Thursday. The company has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $9.58. The Aaron’s Company, Inc. has a 12-month low of $6.72 and a 12-month high of $16.16. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28. The stock has a market cap of $221.79 million, a price-to-earnings ratio of 91.31 and a beta of 1.32.

Aaron’s (NYSE:AANGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.29). Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The business had revenue of $529.50 million during the quarter, compared to analysts’ expectations of $542.07 million. During the same quarter last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts forecast that The Aaron’s Company, Inc. will post 0.06 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Thursday, March 14th will be given a $0.125 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $0.50 annualized dividend and a yield of 6.84%. Aaron’s’s dividend payout ratio (DPR) is 625.00%.

Aaron’s Company Profile

(Free Report)

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

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