Aaron’s (NYSE:AAN) Earns Hold Rating from Analysts at StockNews.com

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

Several other research analysts also recently weighed in on the company. Truist Financial boosted their target price on Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a research note on Tuesday, June 18th. TD Cowen boosted their price target on Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a research note on Monday, June 17th. BTIG Research began coverage on shares of Aaron’s in a research report on Friday, June 7th. They issued a neutral rating for the company. Jefferies Financial Group reissued a hold rating and set a $10.10 target price (down previously from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. Finally, Loop Capital raised their price target on shares of Aaron’s from $8.00 to $10.00 and gave the stock a hold rating in a report on Tuesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $9.46.

Aaron’s Trading Down 0.3 %

NYSE:AAN opened at $10.03 on Monday. The firm has a 50-day simple moving average of $10.03 and a 200-day simple moving average of $8.73. Aaron’s has a one year low of $6.62 and a one year high of $11.90. The firm has a market cap of $316.15 million, a P/E ratio of -12.70 and a beta of 1.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.02.

Aaron’s (NYSE:AAN) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.07) earnings per share 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 the consensus estimate of $513.91 million. Aaron’s had a negative net margin of 2.06% and a negative return on equity of 2.08%. Aaron’s’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Equities analysts anticipate that Aaron’s will post -0.01 EPS for the current fiscal year.

Aaron’s Announces Dividend

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

Institutional Investors Weigh In On Aaron’s

A number of institutional investors have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in Aaron’s in the 2nd quarter valued at $41,000. GAMMA Investing LLC grew its position 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 valued at $51,000 after purchasing an additional 3,870 shares during the period. Fortitude Family Office LLC increased its stake in shares of Aaron’s by 239.5% during the second quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock worth $84,000 after purchasing an additional 5,915 shares in the last quarter. Quest Partners LLC purchased a new position in Aaron’s in the 4th quarter valued at about $123,000. Finally, EMC Capital Management boosted its holdings in Aaron’s by 172.8% in the 1st quarter. EMC Capital Management now owns 12,211 shares of the company’s stock worth $92,000 after buying an additional 7,735 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors and hedge funds.

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.