Aaron’s (NYSE:AAN) PT Raised to $10.10 at Truist Financial

Aaron’s (NYSE:AAN) had its price objective boosted by stock analysts at Truist Financial from $8.00 to $10.10 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 0.70% from the company’s current price.

AAN has been the topic of a number of other research reports. BTIG Research assumed coverage on Aaron’s in a report on Friday, June 7th. They set a “neutral” rating on the stock. TD Cowen lifted their price objective on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Monday. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price objective on shares of Aaron’s in a report on Monday, March 11th. Finally, StockNews.com cut Aaron’s from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.70.

Aaron’s Stock Down 0.3 %

Shares of NYSE AAN opened at $10.03 on Tuesday. The stock has a market cap of $307.22 million, a PE ratio of -12.70 and a beta of 1.39. The business has a fifty day moving average of $7.63 and a two-hundred day moving average of $8.86. Aaron’s has a 52-week low of $6.62 and a 52-week high of $16.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.72 and a current ratio of 1.03.

Aaron’s (NYSE:AAN) last announced its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $511.50 million during the quarter, compared to analyst estimates of $521.05 million. Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. As a group, equities research analysts expect that Aaron’s will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Aaron’s

A number of institutional investors have recently modified their holdings of AAN. Verity Asset Management Inc. lifted its position 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 worth $148,000 after buying an additional 2,695 shares during the last quarter. Virtu Financial LLC bought a new position in Aaron’s in the first quarter valued at about $151,000. EMC Capital Management raised its position 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 purchasing an additional 7,735 shares during the last quarter. EntryPoint Capital LLC bought a new position in Aaron’s in the first quarter valued at about $130,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Aaron’s in the first quarter valued at about $430,000. 91.99% of the stock is currently owned by institutional investors.

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.