Aaron’s (NYSE:AAN) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Aaron’s (NYSE:AAN) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

AAN has been the subject of a number of other research reports. Truist Financial upped their price objective on Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a research note on Tuesday, June 18th. Stifel Nicolaus reaffirmed a hold rating and issued a $7.00 price objective on shares of Aaron’s in a research note on Monday, March 11th. Loop Capital upped their price objective on Aaron’s from $8.00 to $10.00 and gave the stock a hold rating in a research note on Tuesday, June 18th. TD Cowen increased their price target on Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research note on Monday, June 17th. Finally, BTIG Research assumed coverage on Aaron’s in a research note on Friday, June 7th. They set a neutral rating for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $11.70.

Aaron’s Stock Up 0.3 %

Aaron’s stock opened at $9.98 on Thursday. The stock has a market cap of $314.57 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 quick ratio of 0.72 and a current ratio of 1.03. Aaron’s has a one year low of $6.62 and a one year high of $16.16. The stock has a fifty day moving average of $8.01 and a 200 day moving average of $8.83.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $511.50 million during the quarter, compared to analysts’ expectations of $521.05 million. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, sell-side analysts predict that Aaron’s will post 0.11 EPS for the current year.

Aaron’s Announces Dividend

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

Institutional Trading of Aaron’s

Institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP lifted its position in Aaron’s by 80.0% during the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $27,000 after acquiring an additional 1,157 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Aaron’s during the 4th quarter valued at about $29,000. Copeland Capital Management LLC raised its stake in shares of Aaron’s by 54,820.0% during the 4th quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock valued at $30,000 after buying an additional 2,741 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of Aaron’s during the 4th quarter valued at about $51,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Aaron’s during the 3rd quarter valued at about $109,000. Institutional investors and hedge funds 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.