Aaron’s (NYSE:AAN) Earns Hold Rating from Analysts at StockNews.com

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

Several other research analysts also recently issued reports on AAN. Jefferies Financial Group reaffirmed a hold rating and issued a $10.10 price objective (down previously from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. TD Cowen increased their target price on shares of Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research report on Monday, June 17th. Loop Capital increased their target price on shares of Aaron’s from $8.00 to $10.00 and gave the company a hold rating in a research report on Tuesday, June 18th. BTIG Research began coverage on shares of Aaron’s in a research report on Friday, June 7th. They set a neutral rating for the company. Finally, Truist Financial increased their target price on shares of Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research report on Tuesday, June 18th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $9.46.

Aaron’s Trading Up 0.4 %

AAN stock opened at $10.06 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70. The company has a fifty day moving average price of $10.01 and a two-hundred day moving average price of $8.57. Aaron’s has a one year low of $6.62 and a one year high of $11.90. The stock has a market cap of $316.93 million, a price-to-earnings ratio of -12.73 and a beta of 1.43.

Aaron’s (NYSE:AAN) last announced its earnings results on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). Aaron’s had a negative net margin of 2.06% and a negative return on equity of 2.08%. The business had revenue of $503.10 million during the quarter, compared to the consensus estimate of $513.91 million. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Aaron’s will post -0.01 EPS for the current year.

Aaron’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, September 13th. Aaron’s’s dividend payout ratio is currently -63.29%.

Institutional Investors Weigh In On Aaron’s

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in Aaron’s by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 31,781 shares of the company’s stock valued at $317,000 after buying an additional 1,065 shares during the last quarter. Rhumbline Advisers increased its position in shares of Aaron’s by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 52,539 shares of the company’s stock valued at $524,000 after purchasing an additional 1,553 shares during the last quarter. Verity Asset Management Inc. increased its position in shares of Aaron’s by 15.8% during the 1st quarter. Verity Asset Management Inc. now owns 19,732 shares of the company’s stock valued at $148,000 after purchasing an additional 2,695 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Aaron’s by 2.3% during the 1st quarter. Russell Investments Group Ltd. now owns 166,590 shares of the company’s stock valued at $1,249,000 after purchasing an additional 3,772 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Aaron’s by 314.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock valued at $51,000 after purchasing an additional 3,870 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.