Aaron’s (NYSE:AAN) PT Lowered to $8.00 at Truist Financial

Aaron’s (NYSE:AAN) had its target price decreased by equities researchers at Truist Financial from $9.00 to $8.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 7.67% from the stock’s current price.

A number of other analysts also recently weighed in on AAN. StockNews.com upgraded Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. TD Cowen initiated coverage on shares of Aaron’s in a research report on Friday, March 8th. They set a “market perform” rating and a $7.00 target price for the company. Finally, Stifel Nicolaus reissued a “hold” rating and set a $7.00 target price on shares of Aaron’s in a research report on Monday, March 11th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Aaron’s Price Performance

Shares of NYSE:AAN opened at $7.43 on Wednesday. Aaron’s has a one year low of $6.62 and a one year high of $16.16. The firm has a 50 day simple moving average of $7.21 and a 200 day simple moving average of $8.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.73. The company has a market cap of $233.93 million, a price-to-earnings ratio of -9.41 and a beta of 1.31.

Aaron’s (NYSE:AAN) last posted 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 return on equity of 3.59% and a net margin of 0.13%. The business had revenue of $511.50 million for the quarter, compared to analyst estimates of $521.05 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts predict that Aaron’s will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP boosted its holdings in Aaron’s by 80.0% in the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock valued at $27,000 after purchasing an additional 1,157 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Aaron’s in the fourth quarter valued at about $29,000. Signaturefd LLC increased its position in shares of Aaron’s by 231.2% in the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares during the period. Copeland Capital Management LLC increased its position in shares of Aaron’s by 54,820.0% in 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 period. Finally, Fortitude Family Office LLC bought a new stake in shares of Aaron’s during the 4th quarter valued at about $51,000. 91.99% of the stock is owned by 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.