Aaron’s (NYSE:AAN) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Aaron’s (NYSE:AAN) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

AAN has been the topic of a number of other research reports. Loop Capital upped their target price on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.10 price target (down previously from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. TD Cowen raised their price target on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Monday, June 17th. BTIG Research assumed coverage on shares of Aaron’s in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Truist Financial lifted their target price on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Tuesday, June 18th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aaron’s has an average rating of “Hold” and an average target price of $9.46.

Aaron’s Stock Up 0.2 %

Shares of NYSE AAN opened at $10.06 on Friday. The business has a 50-day moving average of $10.02 and a two-hundred day moving average of $8.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70. Aaron’s has a 1 year low of $6.62 and a 1 year high of $11.90. The company has a market capitalization of $317.11 million, a price-to-earnings ratio of -12.73 and a beta of 1.43.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $503.10 million during the quarter, compared to analyst estimates of $513.91 million. During the same quarter last year, the firm earned $0.39 EPS. The business’s revenue was down 5.1% on a year-over-year basis. On average, analysts forecast that Aaron’s will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC bought a new stake in shares of Aaron’s during the fourth quarter valued at approximately $1,879,000. Acadian Asset Management LLC grew its position in Aaron’s by 25.5% in the first quarter. Acadian Asset Management LLC now owns 807,933 shares of the company’s stock valued at $6,056,000 after purchasing an additional 164,392 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Aaron’s in the 4th quarter valued at about $147,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Aaron’s during the 4th quarter worth about $335,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Aaron’s by 10.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,005,375 shares of the company’s stock worth $10,938,000 after purchasing an additional 93,207 shares in the last quarter. 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.