The Aaron's Company, Inc. (NYSE:AAN - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.88.
AAN has been the topic of several recent analyst reports. BTIG Research initiated coverage on shares of Aaron's in a research report on Friday, June 7th. They set a "neutral" rating on the stock. Truist Financial lifted 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. Jefferies Financial Group reissued a "hold" rating and set a $10.10 target price (down previously from $11.00) on shares of Aaron's in a research report on Wednesday, July 10th. Loop Capital lifted their price target on shares of Aaron's from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, June 18th. Finally, TD Cowen lifted their price target on shares of Aaron's from $8.00 to $10.10 and gave the stock a "hold" rating in a report on Monday, June 17th.
View Our Latest Research Report on Aaron's
Aaron's Stock Down 0.2 %
Shares of AAN traded down $0.02 during trading hours on Thursday, hitting $9.95. The stock had a trading volume of 985,091 shares, compared to its average volume of 435,719. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $8.74. The firm has a market capitalization of $313.62 million, a P/E ratio of -12.59 and a beta of 1.43. Aaron's has a 1-year low of $6.62 and a 1-year high of $16.16.
Aaron's (NYSE:AAN - Get Free Report) last issued its earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $511.50 million during the quarter, compared to analyst estimates of $521.05 million. Aaron's had a negative net margin of 1.15% and a positive return on equity of 0.02%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Sell-side analysts predict that Aaron's will post 0.12 EPS for the current fiscal year.
Aaron's Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, June 14th. This represents a $0.50 dividend on an annualized basis and a yield of 5.03%. Aaron's's payout ratio is -63.29%.
Institutional Investors Weigh In On Aaron's
A number of hedge funds and other institutional investors have recently bought and sold shares of AAN. American Century Companies Inc. raised its holdings in Aaron's by 18.4% during the 3rd quarter. American Century Companies Inc. now owns 494,868 shares of the company's stock valued at $5,181,000 after acquiring an additional 76,905 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Aaron's during the 4th quarter valued at $51,000. SG Americas Securities LLC purchased a new position in shares of Aaron's during the 4th quarter valued at $178,000. Values First Advisors Inc. grew its position in shares of Aaron's by 7.5% during the 4th quarter. Values First Advisors Inc. now owns 54,229 shares of the company's stock valued at $590,000 after purchasing an additional 3,804 shares in the last quarter. Finally, Quent Capital LLC grew its position in shares of Aaron's by 31,784.1% during the 4th quarter. Quent Capital LLC now owns 22,000 shares of the company's stock valued at $239,000 after purchasing an additional 21,931 shares in the last quarter. Institutional investors own 91.99% of the company's stock.
About Aaron's
(Get Free Report
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.
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