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

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

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

Aaron’s Stock Up 1.0 %

Shares of NYSE AAN opened at $10.09 on Friday. The company has a market capitalization of $318.06 million, a P/E ratio of -12.77 and a beta of 1.43. Aaron’s has a 52-week low of $6.62 and a 52-week high of $11.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 1.02. The company’s 50 day moving average price is $10.06 and its 200-day moving average price is $9.31.

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

Institutional Trading of Aaron’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP bought a new stake in Aaron’s during the 2nd quarter valued at $41,000. GAMMA Investing LLC increased 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 purchasing an additional 3,870 shares in the last quarter. Fortitude Family Office LLC increased its stake in Aaron’s by 239.5% during the 2nd quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock valued at $84,000 after purchasing an additional 5,915 shares in the last quarter. EMC Capital Management increased its stake in Aaron’s by 172.8% during the 1st 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 in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Aaron’s during the 3rd quarter valued at $109,000. Institutional investors own 91.99% of the company’s stock.

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.