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

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

Other analysts have also issued research reports about the stock. TD Cowen raised their target price on shares of Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a research report on Monday, June 17th. 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 report on Wednesday, July 10th. Truist Financial upped their target price on Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research note on Tuesday, June 18th. BTIG Research assumed coverage on Aaron’s in a research note on Friday, June 7th. They issued a neutral rating on the stock. Finally, Loop Capital upped their price objective on shares of Aaron’s from $8.00 to $10.00 and gave the company a hold rating in a research note on Tuesday, June 18th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $9.46.

Aaron’s Price Performance

Shares of NYSE:AAN opened at $10.03 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.02. The business’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $8.73. The stock has a market cap of $316.01 million, a PE ratio of -12.70 and a beta of 1.43. Aaron’s has a one year low of $6.62 and a one year high of $11.90.

Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The company had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $513.91 million. Aaron’s had a negative return on equity of 2.08% and a negative net margin of 2.06%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. On average, analysts forecast that Aaron’s will post -0.01 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 4.99%. Aaron’s’s dividend payout ratio (DPR) is presently -63.29%.

Institutional Investors Weigh In On Aaron’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Aaron’s by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 31,781 shares of the company’s stock valued at $317,000 after acquiring an additional 1,065 shares in the last quarter. Rhumbline Advisers grew its stake in 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 in the last quarter. Verity Asset Management Inc. increased its holdings in Aaron’s by 15.8% during the 1st quarter. Verity Asset Management Inc. now owns 19,732 shares of the company’s stock worth $148,000 after purchasing an additional 2,695 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Aaron’s by 2.3% in 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 in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Aaron’s by 314.4% in the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after buying an additional 3,870 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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.