Catalina Capital Group LLC Buys Shares of 16,577 The Aaron’s Company, Inc. (NYSE:AAN)

Catalina Capital Group LLC purchased a new position in The Aaron’s Company, Inc. (NYSE:AAN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,577 shares of the company’s stock, valued at approximately $165,000. Catalina Capital Group LLC owned approximately 0.05% of Aaron’s at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Gladius Capital Management LP bought a new stake in Aaron’s during the 2nd quarter worth approximately $41,000. GAMMA Investing LLC increased its position in shares of Aaron’s by 314.4% during the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after acquiring an additional 3,870 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Aaron’s by 239.5% during the second quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock worth $84,000 after acquiring an additional 5,915 shares during the period. Quest Partners LLC bought a new stake in Aaron’s in the 4th quarter valued at $123,000. Finally, EMC Capital Management boosted its stake in Aaron’s by 172.8% in the 1st quarter. EMC Capital Management now owns 12,211 shares of the company’s stock worth $92,000 after purchasing an additional 7,735 shares during the period. Institutional investors and hedge funds own 91.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital boosted their price target on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.10 price target (down previously from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. Truist Financial raised their price target on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. StockNews.com assumed coverage on shares of Aaron’s in a research report on Thursday. They issued a “hold” rating on the stock. Finally, TD Cowen raised their target price 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. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.46.

Aaron’s Price Performance

Shares of NYSE:AAN remained flat at $10.07 during midday trading on Friday. 879,994 shares of the company traded hands, compared to its average volume of 486,009. The firm has a market capitalization of $317.43 million, a P/E ratio of -12.76 and a beta of 1.43. The Aaron’s Company, Inc. has a twelve month low of $6.62 and a twelve month high of $12.44. The business has a 50 day moving average of $10.00 and a 200-day moving average of $8.63. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The firm had revenue of $503.10 million during the quarter, compared to analyst estimates of $513.91 million. Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, equities analysts predict that The Aaron’s Company, Inc. will post 0.12 earnings per share for the current year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Friday, September 13th. Aaron’s’s dividend payout ratio (DPR) is presently -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.