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

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

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a “hold” rating and set a $10.10 price objective (down previously from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. TD Cowen increased 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. Truist Financial increased 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 Tuesday, June 18th. Loop Capital increased their price objective 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. Finally, BTIG Research started coverage on shares of Aaron’s in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Aaron’s currently has an average rating of “Hold” and a consensus target price of $10.88.

Aaron’s Price Performance

Shares of AAN stock opened at $10.02 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $315.83 million, a price-to-earnings ratio of -12.68 and a beta of 1.43. The firm’s 50 day moving average is $9.19 and its 200-day moving average is $8.65. Aaron’s has a 1 year low of $6.62 and a 1 year high of $15.93.

Aaron’s (NYSE:AAN) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $521.05 million. Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Sell-side analysts forecast that Aaron’s will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Aaron’s in the 4th quarter valued at $178,000. Meeder Asset Management Inc. bought a new stake in shares of Aaron’s in the 4th quarter valued at $29,000. Sequoia Financial Advisors LLC bought a new stake in shares of Aaron’s in the 4th quarter valued at $218,000. Cornercap Investment Counsel Inc. increased its stake in shares of Aaron’s by 1.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 90,715 shares of the company’s stock valued at $987,000 after acquiring an additional 1,290 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Aaron’s by 15.8% during the 4th quarter. New York State Common Retirement Fund now owns 407,498 shares of the company’s stock valued at $4,434,000 after purchasing an additional 55,740 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.