AM Investment Strategies LLC Invests $180,000 in The Aaron’s Company, Inc. (NYSE:AAN)

AM Investment Strategies LLC bought a new position in shares of The Aaron’s Company, Inc. (NYSE:AAN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $180,000. AM Investment Strategies LLC owned 0.05% of Aaron’s at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP increased 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 worth $27,000 after purchasing an additional 1,157 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Aaron’s during the fourth quarter worth approximately $29,000. Signaturefd LLC increased its holdings in shares of Aaron’s by 231.2% during the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock worth $30,000 after purchasing an additional 2,000 shares during the period. Copeland Capital Management LLC boosted its position in shares of Aaron’s by 54,820.0% during the 4th quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock worth $30,000 after acquiring an additional 2,741 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Aaron’s during the 4th quarter worth approximately $51,000. 91.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on AAN shares. TD Cowen started coverage on shares of Aaron’s in a research report on Friday, March 8th. They set a “market perform” rating and a $7.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price target on shares of Aaron’s in a research report on Monday, March 11th. StockNews.com upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Truist Financial reduced their price target on shares of Aaron’s from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th. Finally, Stephens upgraded shares of Aaron’s from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.67.

Aaron’s Trading Down 1.5 %

NYSE AAN traded down $0.11 during mid-day trading on Thursday, reaching $7.32. 180,223 shares of the stock were exchanged, compared to its average volume of 268,456. The Aaron’s Company, Inc. has a one year low of $6.72 and a one year high of $16.16. The stock has a 50 day simple moving average of $7.74 and a 200-day simple moving average of $9.06. The stock has a market cap of $230.51 million, a P/E ratio of 91.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.73.

Aaron’s (NYSE:AAN) last announced its earnings results on Tuesday, February 27th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.29). Aaron’s had a return on equity of 3.59% and a net margin of 0.13%. The firm had revenue of $529.50 million for the quarter, compared to the consensus estimate of $542.07 million. During the same period in the prior year, the business earned $0.09 EPS. Aaron’s’s quarterly revenue was down 10.2% on a year-over-year basis. On average, analysts anticipate that The Aaron’s Company, Inc. will post 0.08 EPS for the current year.

Aaron’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Thursday, March 14th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date was Wednesday, March 13th. Aaron’s’s dividend payout ratio is currently 625.00%.

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.