The Aaron’s Company, Inc. (NYSE:AAN – Get Free Report) declared a quarterly dividend on Monday, August 5th, Wall Street Journal reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.125 per share on Thursday, October 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, September 13th.
Aaron’s has a dividend payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Aaron’s to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 76.9%.
Aaron’s Trading Up 0.7 %
AAN opened at $10.04 on Wednesday. The business has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $8.64. The firm has a market capitalization of $316.48 million, a price-to-earnings ratio of -12.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72. Aaron’s has a one year low of $6.62 and a one year high of $13.98.
Wall Street Analyst Weigh In
Several research firms recently commented on AAN. Truist Financial lifted their price target on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. TD Cowen raised their target price on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Monday, June 17th. StockNews.com began coverage on shares of Aaron’s in a research report on Tuesday. They set a “hold” rating on the stock. 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 lifted their target price on shares of Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, June 18th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.46.
Get Our Latest Analysis on AAN
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.
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