The Aaron’s Company, Inc. (NYSE:AAN) Receives Average Recommendation of “Hold” from Brokerages

The Aaron’s Company, Inc. (NYSE:AAN) has received a consensus recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.70.

Several research analysts recently commented on the company. BTIG Research assumed coverage on Aaron’s in a research note on Friday, June 7th. They issued a “neutral” rating for the company. StockNews.com assumed coverage on shares of Aaron’s in a research note on Thursday. They issued a “hold” rating on the stock. 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. 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 note on Monday, June 17th. Finally, Truist Financial boosted their target price on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a report on Tuesday, June 18th.

Aaron’s Price Performance

Shares of NYSE:AAN opened at $9.96 on Friday. Aaron’s has a twelve month low of $6.62 and a twelve month high of $16.16. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. The company has a market cap of $304.92 million, a PE ratio of -12.60 and a beta of 1.39. The company’s 50 day moving average is $7.96 and its 200 day moving average is $8.86.

Aaron’s (NYSE:AAN) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The business had revenue of $511.50 million during the quarter, compared to analyst estimates of $521.05 million. During the same quarter in the previous year, the company earned $0.66 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Aaron’s will post 0.11 EPS for the current year.

Aaron’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Friday, June 14th. Aaron’s’s payout ratio is presently -63.29%.

Hedge Funds Weigh In On Aaron’s

Large investors have recently modified their holdings of the business. Gladius Capital Management LP increased its position in shares of Aaron’s by 80.0% during the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $27,000 after purchasing an additional 1,157 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Aaron’s during the fourth quarter worth about $29,000. 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. Fortitude Family Office LLC purchased a new stake in shares of Aaron’s in the 4th quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Aaron’s in the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds 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.