Truist Financial Boosts Aaron’s (NYSE:AAN) Price Target to $10.10

Aaron’s (NYSE:AAN) had its target price increased by analysts at Truist Financial from $8.00 to $10.10 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 0.40% from the company’s current price.

Several other analysts have also weighed in on AAN. BTIG Research started coverage on Aaron’s in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $7.00 target price on shares of Aaron’s in a report on Monday, March 11th. StockNews.com lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Finally, TD Cowen increased their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aaron’s currently has an average rating of “Hold” and a consensus target price of $12.37.

Aaron’s Price Performance

AAN remained flat at $10.06 on Tuesday. 300,382 shares of the company traded hands, compared to its average volume of 316,686. The firm has a market capitalization of $308.14 million, a price-to-earnings ratio of -12.72 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. Aaron’s has a 1-year low of $6.62 and a 1-year high of $16.16. The company has a 50 day moving average of $7.52 and a 200-day moving average of $8.85.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. The firm had revenue of $511.50 million during the quarter, compared to the consensus estimate of $521.05 million. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts expect that Aaron’s will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 period. LSV Asset Management boosted its position in shares of Aaron’s by 4.3% during the fourth quarter. LSV Asset Management now owns 1,000,532 shares of the company’s stock valued at $10,886,000 after purchasing an additional 41,600 shares in the last quarter. Acadian Asset Management LLC grew its stake in Aaron’s by 25.5% in the first quarter. Acadian Asset Management LLC now owns 807,933 shares of the company’s stock worth $6,056,000 after purchasing an additional 164,392 shares during the period. American Century Companies Inc. raised its holdings in Aaron’s by 18.4% in the third quarter. American Century Companies Inc. now owns 494,868 shares of the company’s stock worth $5,181,000 after purchasing an additional 76,905 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in Aaron’s by 15.8% during the fourth quarter. New York State Common Retirement Fund now owns 407,498 shares of the company’s stock valued at $4,434,000 after buying an additional 55,740 shares during the period. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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.