Aaron’s (NYSE:AAN) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Aaron’s (NYSE:AAN) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

Other research analysts have also issued reports about the stock. BTIG Research started coverage on shares of Aaron’s in a report on Friday, June 7th. They issued a “neutral” rating for the company. 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 objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research report on Monday, June 17th. Truist Financial lifted their price objective 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. Finally, Loop Capital lifted their price objective on shares of Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.70.

Aaron’s Price Performance

Shares of AAN stock opened at $9.99 on Friday. The firm has a market cap of $314.90 million, a P/E ratio of -12.65 and a beta of 1.43. 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 has a 1-year low of $6.62 and a 1-year high of $16.16. The firm has a fifty day moving average of $8.22 and a two-hundred day moving average of $8.82.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data 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). Aaron’s had a positive return on equity of 0.02% and a negative net margin of 1.15%. The company had revenue of $511.50 million for the quarter, compared to analyst estimates of $521.05 million. During the same period in the prior year, the business earned $0.66 earnings per share. Aaron’s’s revenue was down 7.7% on a year-over-year basis. As a group, research analysts anticipate that Aaron’s will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Aaron’s

A number of hedge funds and other institutional investors have recently made changes to their positions in AAN. Gladius Capital Management LP raised its position in shares of Aaron’s by 80.0% during the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $27,000 after buying an additional 1,157 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Aaron’s during the 4th quarter worth about $29,000. Copeland Capital Management LLC raised its position in shares of Aaron’s by 54,820.0% during the 4th quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock worth $30,000 after buying an additional 2,741 shares in the last quarter. Fortitude Family Office LLC bought a new stake in shares of Aaron’s in the 4th quarter worth approximately $51,000. Finally, GAMMA Investing LLC raised its holdings in shares of Aaron’s by 314.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after purchasing an additional 3,870 shares in the last quarter. 91.99% of the stock is currently owned by institutional investors.

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.