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

Shares of The Aaron’s Company, Inc. (NYSE:AAN) have earned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Six research 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 brokerages that have issued a report on the stock in the last year is $9.46.

A number of brokerages have recently commented on AAN. Truist Financial lifted their target price on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Tuesday, June 18th. TD Cowen boosted their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Monday, June 17th. Loop Capital boosted 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. Jefferies Financial Group reissued a “hold” rating and issued a $10.10 price objective (down from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. Finally, StockNews.com started coverage on shares of Aaron’s in a research note on Tuesday, October 1st. They issued a “hold” rating on the stock.

Aaron’s Stock Up 1.0 %

Shares of NYSE:AAN opened at $10.09 on Tuesday. The company has a market capitalization of $318.06 million, a PE ratio of -12.77 and a beta of 1.43. The company has a current ratio of 1.02, a quick ratio of 0.70 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 firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $8.88.

Aaron’s (NYSE:AAN) last announced its earnings results on Monday, August 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The business had revenue of $503.10 million during the quarter, compared to analyst estimates of $513.91 million. Aaron’s had a negative net margin of 2.06% and a negative return on equity of 2.08%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Aaron’s will post -0.01 EPS for the current fiscal year.

Aaron’s Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AAN. Water Island Capital LLC acquired a new stake in Aaron’s during the 2nd quarter worth approximately $9,711,000. Alpine Associates Management Inc. acquired a new stake in Aaron’s during the 2nd quarter worth approximately $8,379,000. Gabelli Funds LLC acquired a new stake in Aaron’s during the 2nd quarter worth approximately $3,230,000. Millennium Management LLC increased its position in Aaron’s by 139.7% during the 2nd quarter. Millennium Management LLC now owns 392,405 shares of the company’s stock worth $3,916,000 after purchasing an additional 228,678 shares in the last quarter. Finally, Acuitas Investments LLC acquired a new stake in Aaron’s during the 2nd quarter worth approximately $2,244,000. 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.