The Aaron’s Company, Inc. (NYSE:AAN) Receives Consensus Recommendation of “Hold” from Analysts

The Aaron’s Company, Inc. (NYSE:AAN) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.46.

Several equities research analysts recently commented on AAN shares. Truist Financial boosted their price target on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Tuesday, June 18th. StockNews.com started coverage on shares of Aaron’s in a research note on Tuesday. They set a “hold” rating on the stock. 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 note on Tuesday, June 18th. TD Cowen increased 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. Finally, BTIG Research initiated coverage on Aaron’s in a research report on Friday, June 7th. They issued a “neutral” rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Water Island Capital LLC bought a new position in Aaron’s during the second quarter valued at about $9,711,000. Alpine Associates Management Inc. acquired a new stake in shares of Aaron’s during the 2nd quarter worth approximately $8,379,000. Gabelli Funds LLC bought a new stake in shares of Aaron’s during the second quarter valued at approximately $3,230,000. Millennium Management LLC raised its stake in shares of Aaron’s by 139.7% in the second quarter. Millennium Management LLC now owns 392,405 shares of the company’s stock valued at $3,916,000 after purchasing an additional 228,678 shares in the last quarter. Finally, Acuitas Investments LLC bought a new position in Aaron’s in the second quarter worth $2,244,000. Institutional investors own 91.99% of the company’s stock.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $9.95 on Tuesday. The business has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $8.79. The stock has a market cap of $313.64 million, a PE ratio of -12.59 and a beta of 1.43. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Aaron’s has a 12 month low of $6.62 and a 12 month high of $11.90.

Aaron’s (NYSE:AAN) last announced its quarterly earnings data on Monday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). Aaron’s had a negative return on equity of 2.08% and a negative net margin of 2.06%. The firm had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $513.91 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. Aaron’s’s revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Aaron’s will post -0.01 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, September 13th. Aaron’s’s dividend payout ratio (DPR) is currently -63.29%.

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.