The Aaron’s Company, Inc. (NYSE:AAN) Given Consensus Recommendation of “Hold” by Brokerages

The Aaron’s Company, Inc. (NYSE:AAN) has received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.46.

Several research firms have issued reports on AAN. Truist Financial upped their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Tuesday, June 18th. 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 note on Tuesday, June 18th. BTIG Research assumed coverage on Aaron’s in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $10.10 price objective (down from $11.00) on shares of Aaron’s in a report on Wednesday, July 10th. Finally, TD Cowen raised their target price 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.

Hedge Funds Weigh In On Aaron’s

A number of large investors have recently bought and sold shares of AAN. Russell Investments Group Ltd. boosted its holdings in Aaron’s by 24.2% in the 4th quarter. Russell Investments Group Ltd. now owns 162,818 shares of the company’s stock valued at $1,771,000 after purchasing an additional 31,737 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Aaron’s by 10.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,005,375 shares of the company’s stock valued at $10,938,000 after buying an additional 93,207 shares in the last quarter. Gladius Capital Management LP boosted its stake in shares of Aaron’s by 62.5% in the fourth quarter. Gladius Capital Management LP now owns 4,229 shares of the company’s stock valued at $46,000 after buying an additional 1,626 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Aaron’s during the fourth quarter worth $335,000. Finally, First Eagle Investment Management LLC purchased a new position in Aaron’s in the fourth quarter worth $1,879,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Aaron’s Price Performance

Shares of AAN opened at $10.07 on Friday. The stock has a market cap of $317.25 million, a PE ratio of -12.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70. Aaron’s has a 1-year low of $6.62 and a 1-year high of $11.90. The firm has a 50-day simple moving average of $10.02 and a two-hundred day simple moving average of $8.57.

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 analysts’ expectations 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 was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, analysts forecast that Aaron’s will post -0.01 EPS for the current year.

Aaron’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, September 13th will be given a $0.125 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 4.97%. Aaron’s’s dividend payout ratio (DPR) is -63.29%.

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.