Analysts Set The Aaron’s Company, Inc. (NYSE:AAN) Price Target at $9.46

The Aaron’s Company, Inc. (NYSE:AAN) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.46.

A number of analysts recently issued reports on the company. StockNews.com assumed coverage on Aaron’s in a report on Saturday. They set a “hold” rating on the stock. Jefferies Financial Group restated a “hold” rating and issued a $10.10 price objective (down from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th.

Hedge Funds Weigh In On Aaron’s

Several institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Aaron’s by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 31,781 shares of the company’s stock worth $317,000 after buying an additional 1,065 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Aaron’s by 3.0% in the 2nd quarter. Rhumbline Advisers now owns 52,539 shares of the company’s stock valued at $524,000 after purchasing an additional 1,553 shares in the last quarter. Verity Asset Management Inc. grew its holdings in shares of Aaron’s by 15.8% during the 1st quarter. Verity Asset Management Inc. now owns 19,732 shares of the company’s stock valued at $148,000 after purchasing an additional 2,695 shares during the last quarter. Russell Investments Group Ltd. raised its position in Aaron’s by 2.3% in the 1st quarter. Russell Investments Group Ltd. now owns 166,590 shares of the company’s stock worth $1,249,000 after purchasing an additional 3,772 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Aaron’s by 314.4% in the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after purchasing an additional 3,870 shares during the last quarter. 91.99% of the stock is currently owned by institutional investors.

Aaron’s Stock Up 1.0 %

Aaron’s stock opened at $10.09 on Friday. The firm has a 50 day moving average price of $10.06 and a 200-day moving average price of $9.26. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Aaron’s has a twelve month low of $6.62 and a twelve month high of $11.90. The company has a market capitalization of $318.06 million, a P/E ratio of -12.77 and a beta of 1.43.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The firm had revenue of $503.10 million during 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%. The company’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, equities analysts predict that Aaron’s will post -0.01 EPS for the current year.

Aaron’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 4.96%. Aaron’s’s payout ratio is -63.29%.

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.