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

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

A number of other research firms also recently weighed in on AAN. Truist Financial lifted their price target on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Tuesday, June 18th. TD Cowen upped their target price on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Monday, June 17th. Loop Capital raised their price target on Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price target on shares of Aaron’s in a research note on Monday, March 11th. Finally, BTIG Research initiated coverage on shares of Aaron’s in a research note on Friday, June 7th. They set a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Aaron’s has an average rating of “Hold” and a consensus price target of $11.70.

Aaron’s Stock Down 0.1 %

AAN stock opened at $9.95 on Thursday. The business has a 50-day moving average of $7.91 and a 200-day moving average of $8.85. Aaron’s has a fifty-two week low of $6.62 and a fifty-two week high of $16.16. The stock has a market capitalization of $304.77 million, a P/E ratio of -12.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.03 and a quick ratio of 0.72.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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%. Aaron’s’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. On average, sell-side analysts anticipate that Aaron’s will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aaron’s

Several large investors have recently modified their holdings of the business. Gladius Capital Management LP boosted its stake in Aaron’s by 80.0% in the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $27,000 after purchasing an additional 1,157 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Aaron’s in the fourth quarter valued at approximately $29,000. Copeland Capital Management LLC grew its stake in Aaron’s by 54,820.0% during the fourth quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock valued at $30,000 after acquiring an additional 2,741 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Aaron’s during the 4th quarter worth approximately $51,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in Aaron’s in the 3rd quarter worth approximately $109,000. Hedge funds and other 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.