Aaron’s (NYSE:AAN) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Aaron’s (NYSE:AAN) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Several other equities analysts have also recently commented on AAN. 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 note on Wednesday, July 10th. Loop Capital increased their price target on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Truist Financial boosted their price target 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. BTIG Research began coverage on shares of Aaron’s in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, TD Cowen lifted their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research report on Monday, June 17th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Aaron’s has an average rating of “Hold” and a consensus target price of $9.46.

Aaron’s Price Performance

AAN opened at $10.02 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $10.03 and its 200 day moving average price is $8.68. Aaron’s has a fifty-two week low of $6.62 and a fifty-two week high of $11.90. The firm has a market cap of $315.85 million, a price-to-earnings ratio of -12.68 and a beta of 1.43.

Aaron’s (NYSE:AAN) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $503.10 million for the quarter, compared to analyst estimates of $513.91 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Aaron’s will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Aaron’s

Several institutional investors have recently made changes to their positions in AAN. Gladius Capital Management LP bought a new position in Aaron’s during the second quarter valued at approximately $41,000. GAMMA Investing LLC boosted 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 boosted its stake in shares of Aaron’s by 239.5% during the 2nd quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock worth $84,000 after acquiring an additional 5,915 shares in the last quarter. EMC Capital Management lifted its stake in shares of Aaron’s by 172.8% in the first quarter. EMC Capital Management now owns 12,211 shares of the company’s stock worth $92,000 after buying an additional 7,735 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new position in Aaron’s in the 1st quarter valued at $115,000. 91.99% of the stock is currently owned by institutional investors and hedge funds.

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.