StockNews.com Initiates Coverage on Aaron’s (NYSE:AAN)

Investment analysts at StockNews.com assumed coverage on shares of Aaron’s (NYSE:AAN) in a report released on Sunday. The firm set a “hold” rating on the stock.

Several other brokerages have also issued reports on AAN. Jefferies Financial Group reiterated a “hold” rating and issued a $10.10 price target (down previously from $11.00) on shares of Aaron’s in a report on Wednesday, July 10th. Loop Capital increased their price target on Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, June 18th. TD Cowen increased their price target on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a report on Monday, June 17th. BTIG Research started coverage on Aaron’s in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Truist Financial raised their target price on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Tuesday, June 18th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.88.

Aaron’s Stock Up 0.3 %

Shares of Aaron’s stock opened at $9.97 on Friday. Aaron’s has a one year low of $6.62 and a one year high of $16.16. 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 stock’s 50-day moving average is $8.90 and its 200 day moving average is $8.69. The firm has a market cap of $314.12 million, a price-to-earnings ratio of -12.61 and a beta of 1.43.

Aaron’s (NYSE:AAN) last announced 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). 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 for the quarter, compared to the consensus estimate of $521.05 million. During the same quarter in the previous 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 research analysts anticipate that Aaron’s will post 0.12 EPS for the current year.

Institutional Trading of Aaron’s

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cornercap Investment Counsel Inc. increased its position in shares of Aaron’s by 1.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 90,715 shares of the company’s stock valued at $987,000 after acquiring an additional 1,290 shares during the last quarter. Gladius Capital Management LP increased its position in shares of Aaron’s by 62.5% during the fourth quarter. Gladius Capital Management LP now owns 4,229 shares of the company’s stock valued at $46,000 after acquiring an additional 1,626 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Aaron’s during the fourth quarter valued at approximately $29,000. Verity Asset Management Inc. increased its position in shares of Aaron’s by 15.8% during the first quarter. Verity Asset Management Inc. now owns 19,732 shares of the company’s stock valued at $148,000 after acquiring an additional 2,695 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Aaron’s by 54,820.0% during the fourth quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock valued at $30,000 after acquiring an additional 2,741 shares during the last quarter. 91.99% of the stock is owned by hedge funds and other institutional investors.

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.