Verity Asset Management Inc. Has $148,000 Holdings in The Aaron’s Company, Inc. (NYSE:AAN)

Verity Asset Management Inc. increased its position in shares of The Aaron’s Company, Inc. (NYSE:AAN) by 15.8% during the first quarter, Holdings Channel reports. The fund owned 19,732 shares of the company’s stock after acquiring an additional 2,695 shares during the quarter. Verity Asset Management Inc.’s holdings in Aaron’s were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AAN. Meeder Asset Management Inc. acquired a new stake in shares of Aaron’s during the fourth quarter valued at approximately $29,000. Gladius Capital Management LP grew its position in Aaron’s by 62.5% during the fourth quarter. Gladius Capital Management LP now owns 4,229 shares of the company’s stock valued at $46,000 after purchasing an additional 1,626 shares in the last quarter. EMC Capital Management grew its position in Aaron’s by 172.8% during the first quarter. EMC Capital Management now owns 12,211 shares of the company’s stock valued at $92,000 after purchasing an additional 7,735 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in Aaron’s during the first quarter valued at approximately $115,000. Finally, Quest Partners LLC purchased a new position in Aaron’s during the fourth quarter valued at approximately $123,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AAN. StockNews.com began coverage on shares of Aaron’s in a research report on Monday, July 29th. They set a “hold” rating on the stock. TD Cowen boosted their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Monday, June 17th. BTIG Research began coverage on shares of Aaron’s in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Loop Capital boosted their target price on shares of Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Finally, Truist Financial boosted their target price on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.46.

Aaron’s Stock Down 0.3 %

AAN stock traded down $0.03 during trading hours on Friday, hitting $10.03. The company’s stock had a trading volume of 542,863 shares, compared to its average volume of 764,889. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $9.35 and a two-hundred day moving average price of $8.67. The company has a market capitalization of $316.15 million, a PE ratio of -12.70 and a beta of 1.43. The Aaron’s Company, Inc. has a 12 month low of $6.62 and a 12 month high of $14.19.

Aaron’s (NYSE:AAN) last posted its quarterly earnings data 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). The firm had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. Aaron’s’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. On average, equities research analysts expect that The Aaron’s Company, Inc. will post 0.12 earnings per share for the current year.

Aaron’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Friday, June 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.99%. The ex-dividend date was Friday, June 14th. Aaron’s’s payout ratio is currently -63.29%.

Aaron’s Profile

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.