Aaron’s’ (AAN) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Aaron’s (NYSE:AAN) in a report published on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a $10.10 target price on the stock, down from their prior target price of $11.00.

Several other research firms have also recently issued reports on AAN. BTIG Research assumed coverage on Aaron’s in a research report on Friday, June 7th. They issued a neutral rating for the company. TD Cowen raised their price target on 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 raised their price target on Aaron’s from $8.00 to $10.00 and gave the company a hold rating in a research report on Tuesday, June 18th. StockNews.com began coverage on Aaron’s in a research report on Friday, July 5th. They issued a hold rating for the company. Finally, Truist Financial raised their price target on Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research report on Tuesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $10.88.

Aaron’s Price Performance

Shares of NYSE AAN opened at $9.99 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72. The stock has a fifty day moving average price of $8.52 and a 200 day moving average price of $8.79. Aaron’s has a 1-year low of $6.62 and a 1-year high of $16.16. The company has a market cap of $314.73 million, a PE ratio of -12.64 and a beta of 1.43.

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

Aaron’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Friday, June 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, June 14th. Aaron’s’s dividend payout ratio is presently -63.29%.

Institutional Trading of Aaron’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP increased its position in 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 in the last quarter. Meeder Asset Management Inc. purchased a new stake in Aaron’s during the 4th quarter worth about $29,000. Copeland Capital Management LLC increased its position in Aaron’s by 54,820.0% during the 4th quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock worth $30,000 after purchasing an additional 2,741 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Aaron’s in the 4th quarter worth about $51,000. Finally, GAMMA Investing LLC boosted its stake in Aaron’s by 314.4% in the 2nd 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.

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.