The Aaron’s Company Inc. (NYSE:AAN) marked $14.38 per share on Tuesday, down from a previous closing price of $15.82. While The Aaron’s Company Inc. has underperformed by -9.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AAN rose by 10.45%, with highs and lows ranging from $16.16 to $7.64, whereas the simple moving average jumped by 16.35% in the last 200 days.
On July 10, 2023, Loop Capital Downgraded The Aaron’s Company Inc. (NYSE: AAN) to Hold.
Analysis of The Aaron’s Company Inc. (AAN)
AAN currently pays a dividend of $0.50 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 21.60%, showing a positive trend in the upcoming months.
In order to gain a clear picture of The Aaron’s Company Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -2.00% is sufficient for you to turn a profit off your investment.
An average volume of 280.98K can be a very valuable indicator of volatility for AAN stock. On a monthly basis, the volatility of the stock is set at 4.71%, whereas on a weekly basis, it is put at 5.01%, with a loss of -6.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.05, showing decline from the present price of $14.38, which can serve as yet another indication of whether AAN is worth investing in or should be passed over.
How Do You Analyze The Aaron’s Company Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in AAN shares?
The recent increase in stakes in AAN appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in AAN has decreased by -2.40% in the first quarter. The company now owns 5,109,079 shares of the stock, with a value of $72.24 million, following the sale of -125,845 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in AAN during the first quarter, downing its stake by -1.86%. During the last quarter, the company picked up -46,077 additional shares for a total stake of worth $34.46 million, bringing number of shares owned by the company to 2,436,868.
During the first quarter, Dimensional Fund Advisors LP added a 240,995 position in AAN. SSgA Funds Management, Inc. purchased an additional 2656.0 shares in the last quarter, increasing its holdings by 0.20%, now holding 1.33 million shares worth $18.83 million. At the end of the first quarter, Palisade Capital Management LP increased its AAN holdings by 4.91% and now holds 1.19 million AAN shares valued at $16.8 million with the added 55640.0 shares during the period. AAN shares are owned by institutional investors to the tune of 94.40% at present.