Aaron’s (NYSE:AAN) Research Coverage Started at StockNews.com

Analysts at StockNews.com began coverage on shares of Aaron’s (NYSE:AAN) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Separately, Jefferies Financial Group restated a “hold” rating and set a $10.10 price objective (down from $11.00) on shares of Aaron’s in a report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.46.

Aaron’s Stock Up 1.0 %

AAN opened at $10.09 on Thursday. 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 P/E ratio of -12.77 and a beta of 1.43. The business’s fifty day simple moving average is $10.06 and its 200 day simple moving average is $9.06. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33.

Aaron’s (NYSE:AAN) last released its earnings results on Monday, August 5th. The company reported ($0.07) earnings per share 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 analysts’ expectations of $513.91 million. During the same quarter last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Aaron’s will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Aaron’s

Large investors have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in Aaron’s in the second quarter valued at about $41,000. GAMMA Investing LLC boosted its stake in Aaron’s by 314.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock valued at $51,000 after acquiring an additional 3,870 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Aaron’s by 239.5% in the 2nd quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock worth $84,000 after purchasing an additional 5,915 shares during the last quarter. SG Americas Securities LLC bought a new stake in Aaron’s in the third quarter valued at about $109,000. Finally, EMC Capital Management raised its stake in Aaron’s by 172.8% during 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 in the last quarter. Institutional investors and hedge funds 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.