The Aaron’s Company, Inc. (NYSE:AAN) Receives $10.88 Consensus Target Price from Analysts

The Aaron’s Company, Inc. (NYSE:AAN) has been given an average rating of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.88.

AAN has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Aaron’s in a report on Sunday. They set a “hold” rating for the company. TD Cowen lifted their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Monday, June 17th. BTIG Research assumed coverage on shares of Aaron’s in a report on Friday, June 7th. They set a “neutral” rating for the company. Loop Capital boosted their price target on shares of Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, June 18th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $10.10 price target (down previously from $11.00) on shares of Aaron’s in a report on Wednesday, July 10th.

Aaron’s Price Performance

AAN stock opened at $9.93 on Thursday. Aaron’s has a 12 month low of $6.62 and a 12 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 50-day moving average price of $8.99 and a 200 day moving average price of $8.69. The stock has a market cap of $312.99 million, a PE ratio of -12.57 and a beta of 1.43.

Aaron’s (NYSE:AAN) last announced 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 negative net margin of 1.15% and a positive return on equity of 0.02%. The company had revenue of $511.50 million for the quarter, compared to the consensus estimate of $521.05 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that Aaron’s will post 0.12 earnings per share for the current year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were issued a $0.125 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.50 annualized dividend and a dividend yield of 5.04%. Aaron’s’s dividend payout ratio is currently -63.29%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AAN. Meeder Asset Management Inc. bought a new position in shares of Aaron’s during the 4th quarter worth approximately $29,000. Copeland Capital Management LLC raised its stake in shares of 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 acquiring an additional 2,741 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Aaron’s during the 2nd quarter worth approximately $41,000. Fortitude Family Office LLC bought a new position in shares of Aaron’s during the 4th quarter worth approximately $51,000. Finally, GAMMA Investing LLC raised its stake in shares of Aaron’s by 314.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after acquiring an additional 3,870 shares in the last quarter. 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.