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

The Aaron’s Company, Inc. (NYSE:AAN) has been assigned an average rating of “Hold” from the seven brokerages that are currently 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 analysts that have covered the stock in the last year is $9.46.

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

Aaron’s Trading Up 1.0 %

Shares of AAN opened at $10.09 on Tuesday. 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 has a 52-week low of $6.62 and a 52-week high of $11.90. The firm has a market cap of $318.06 million, a price-to-earnings ratio of -12.77 and a beta of 1.43. The business’s fifty day moving average is $10.05 and its 200-day moving average is $8.91.

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

Aaron’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors 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 yield of 4.96%. The ex-dividend date was Friday, September 13th. Aaron’s’s dividend payout ratio is presently -63.29%.

Institutional Trading of Aaron’s

A number of institutional investors have recently bought and sold shares of AAN. Gladius Capital Management LP bought a new position in shares of Aaron’s in the 2nd quarter worth about $41,000. GAMMA Investing LLC increased its holdings 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 in the last quarter. Fortitude Family Office LLC lifted its stake in Aaron’s by 239.5% in the second quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock valued at $84,000 after buying an additional 5,915 shares during the period. EMC Capital Management lifted its stake in Aaron’s by 172.8% in the first quarter. EMC Capital Management now owns 12,211 shares of the company’s stock valued at $92,000 after buying an additional 7,735 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Aaron’s during the 3rd quarter worth approximately $109,000. Institutional investors 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.