The Aaron’s Company, Inc. (NYSE:AAN) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Aaron’s Company, Inc. (NYSE:AAN) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.70.

A number of equities analysts have weighed in on AAN shares. TD Cowen increased 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 Monday, June 17th. StockNews.com started coverage on shares of Aaron’s in a research note on Thursday. They set a “hold” rating on the stock. Loop Capital increased their price target on shares of Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Truist Financial increased 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. Finally, BTIG Research started coverage on shares of Aaron’s in a research note on Friday, June 7th. They set a “neutral” rating on the stock.

Hedge Funds Weigh In On Aaron’s

Hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP raised its stake in shares of Aaron’s by 80.0% in the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock valued at $27,000 after acquiring an additional 1,157 shares during the period. Meeder Asset Management Inc. purchased a new stake in Aaron’s during the 4th quarter worth $29,000. Copeland Capital Management LLC increased its stake in Aaron’s by 54,820.0% during the 4th quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock worth $30,000 after buying an additional 2,741 shares during the period. Fortitude Family Office LLC purchased a new stake in Aaron’s during the 4th quarter worth $51,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Aaron’s during the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Aaron’s Stock Up 0.3 %

Shares of NYSE AAN opened at $9.98 on Friday. Aaron’s has a 12-month low of $6.62 and a 12-month high of $16.16. The company has a market capitalization of $314.59 million, a PE ratio of -12.63 and a beta of 1.39. 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’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.84.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results 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). Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. The business had revenue of $511.50 million during the quarter, compared to analysts’ expectations of $521.05 million. During the same period last year, the company earned $0.66 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts anticipate that Aaron’s will post 0.11 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Friday, June 14th. Aaron’s’s dividend payout ratio is presently -63.29%.

Aaron’s Company 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.