Aaron’s (NYSE:AAN) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Aaron’s (NYSE:AAN) in a research note published on Thursday. The firm issued a hold rating on the stock.

Several other research analysts have also issued reports on the stock. BTIG Research initiated coverage on shares of Aaron’s in a research report on Friday, June 7th. They issued a neutral rating for the company. Truist Financial raised their target price 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 upped their price target on Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research report on Monday, June 17th. Stifel Nicolaus restated a hold rating and issued a $7.00 target price on shares of Aaron’s in a research note on Monday, March 11th. Finally, Loop Capital increased their target price on shares of Aaron’s from $8.00 to $10.00 and gave the stock a hold rating in a research report on Tuesday, June 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Aaron’s currently has a consensus rating of Hold and an average price target of $11.70.

Aaron’s Price Performance

Shares of Aaron’s stock opened at $9.96 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72. The company has a market cap of $304.92 million, a PE ratio of -12.60 and a beta of 1.39. The firm has a fifty day moving average price of $7.96 and a two-hundred day moving average price of $8.86. Aaron’s has a fifty-two week low of $6.62 and a fifty-two week high of $16.16.

Aaron’s (NYSE:AAN) last released 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 firm had revenue of $511.50 million for the quarter, compared to analyst estimates of $521.05 million. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share. Analysts expect that Aaron’s will post 0.11 EPS for the current year.

Aaron’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.02%. Aaron’s’s payout ratio is -63.29%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC acquired a new position in Aaron’s in the fourth quarter valued at about $1,879,000. Dynamic Technology Lab Private Ltd bought a new position in Aaron’s during the 4th quarter worth approximately $147,000. Qube Research & Technologies Ltd acquired a new position in Aaron’s during the third quarter valued at approximately $1,896,000. Charles Schwab Investment Management Inc. increased its stake in Aaron’s by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 912,168 shares of the company’s stock valued at $9,550,000 after purchasing an additional 50,301 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Aaron’s in the fourth quarter worth $335,000. 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.