Aaron’s (NYSE:AAN) Price Target Raised to $10.00 at Loop Capital

Aaron’s (NYSE:AAN) had its target price increased by Loop Capital from $8.00 to $10.00 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus reaffirmed a hold rating and issued a $7.00 price target on shares of Aaron’s in a report on Monday, March 11th. TD Cowen lifted their price target on shares of Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a report on Monday. Truist Financial lifted their price target on shares of Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a report on Tuesday. BTIG Research started coverage on shares of Aaron’s in a report on Friday, June 7th. They issued a neutral rating on the stock. Finally, StockNews.com cut shares of Aaron’s from a buy rating to a hold rating in a report on Friday, June 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $11.70.

Aaron’s Price Performance

Shares of NYSE AAN opened at $10.02 on Tuesday. Aaron’s has a twelve month low of $6.62 and a twelve month high of $16.16. The stock’s 50 day moving average price is $7.57 and its 200-day moving average price is $8.85. The company has a market capitalization of $306.76 million, a PE ratio of -12.68 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32.

Aaron’s (NYSE:AAN) last announced 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). Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The business had revenue of $511.50 million during the quarter, compared to analysts’ expectations of $521.05 million. During the same quarter in the previous year, the firm earned $0.66 EPS. Aaron’s’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts anticipate that Aaron’s will post 0.11 EPS for the current year.

Aaron’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be issued 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 yield of 4.99%. Aaron’s’s payout ratio is -63.29%.

Institutional Investors Weigh In On Aaron’s

A number of hedge funds and other institutional investors have recently bought and sold shares of AAN. Barclays PLC raised its holdings in Aaron’s by 25.5% during the 3rd quarter. Barclays PLC now owns 78,000 shares of the company’s stock valued at $817,000 after acquiring an additional 15,847 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Aaron’s by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 912,168 shares of the company’s stock worth $9,550,000 after purchasing an additional 50,301 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Aaron’s in the third quarter worth $67,000. Nordea Investment Management AB increased its holdings in shares of Aaron’s by 1.9% in the third quarter. Nordea Investment Management AB now owns 123,953 shares of the company’s stock worth $1,314,000 after purchasing an additional 2,261 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Aaron’s in the third quarter worth $277,000. 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.