Gladius Capital Management LP Has $46,000 Stock Holdings in The Aaron’s Company, Inc. (NYSE:AAN)

Gladius Capital Management LP grew its holdings in shares of The Aaron’s Company, Inc. (NYSE:AAN) by 62.5% in the 4th quarter, Holdings Channel reports. The fund owned 4,229 shares of the company’s stock after buying an additional 1,626 shares during the period. Gladius Capital Management LP’s holdings in Aaron’s were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AAN. Charles Schwab Investment Management Inc. grew its position in Aaron’s by 10.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,005,375 shares of the company’s stock worth $10,938,000 after acquiring an additional 93,207 shares during the last quarter. LSV Asset Management increased its stake in shares of Aaron’s by 4.3% in the fourth quarter. LSV Asset Management now owns 1,000,532 shares of the company’s stock valued at $10,886,000 after buying an additional 41,600 shares during the period. Russell Investments Group Ltd. raised its holdings in Aaron’s by 24.2% in the 4th quarter. Russell Investments Group Ltd. now owns 162,818 shares of the company’s stock valued at $1,771,000 after buying an additional 31,737 shares during the last quarter. AM Investment Strategies LLC acquired a new stake in Aaron’s during the 4th quarter worth approximately $180,000. Finally, New York State Common Retirement Fund grew its holdings in Aaron’s by 15.8% during the 4th quarter. New York State Common Retirement Fund now owns 407,498 shares of the company’s stock worth $4,434,000 after acquiring an additional 55,740 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price target on shares of Aaron’s in a research note on Monday, March 11th. TD Cowen began coverage on Aaron’s in a report on Friday, March 8th. They set a “market perform” rating and a $7.00 target price on the stock. StockNews.com cut Aaron’s from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Truist Financial cut their price objective on Aaron’s from $9.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Aaron’s Trading Down 1.7 %

AAN stock traded down $0.13 during mid-day trading on Thursday, reaching $7.43. The company’s stock had a trading volume of 195,558 shares, compared to its average volume of 264,388. The company has a market cap of $233.93 million, a price-to-earnings ratio of -9.41 and a beta of 1.31. The Aaron’s Company, Inc. has a 12 month low of $6.62 and a 12 month high of $16.16. The business’s 50 day moving average price is $7.21 and its 200 day moving average price is $8.88. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Aaron’s (NYSE:AAN) last issued its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Aaron’s had a return on equity of 3.59% and a net margin of 0.13%. The company had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts predict that The Aaron’s Company, Inc. will post 0.08 EPS for the current year.

Aaron’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Friday, June 14th. Aaron’s’s dividend payout ratio is currently -63.29%.

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.