The Aaron’s Company, Inc. (NYSE:AAN) Receives $11.67 Consensus PT from Analysts

Shares of The Aaron’s Company, Inc. (NYSE:AAN) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.67.

Several research analysts have recently weighed in on AAN shares. StockNews.com upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Stifel Nicolaus restated a “hold” rating and set a $7.00 target price on shares of Aaron’s in a research note on Monday, March 11th. TD Cowen assumed coverage on shares of Aaron’s in a research report on Friday, March 8th. They issued a “market perform” rating and a $7.00 price target for the company. Finally, Truist Financial decreased their price objective on shares of Aaron’s from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Wednesday, February 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP raised its holdings 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 acquiring an additional 1,157 shares in the last quarter. Cornercap Investment Counsel Inc. raised its stake in Aaron’s by 1.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 90,715 shares of the company’s stock valued at $987,000 after purchasing an additional 1,290 shares in the last quarter. Signaturefd LLC lifted its position in Aaron’s by 231.2% during the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. Nordea Investment Management AB lifted its position in Aaron’s by 1.9% during the third quarter. Nordea Investment Management AB now owns 123,953 shares of the company’s stock valued at $1,314,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Aaron’s in the 4th quarter worth $29,000. Institutional investors own 91.99% of the company’s stock.

Aaron’s Trading Up 1.1 %

NYSE:AAN opened at $7.03 on Friday. The company has a 50 day simple moving average of $7.26 and a two-hundred day simple moving average of $8.91. The company has a market cap of $221.22 million, a PE ratio of 87.81 and a beta of 1.31. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28. Aaron’s has a 12 month low of $6.69 and a 12 month high of $16.16.

Aaron’s (NYSE:AAN) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.29). Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The firm had revenue of $529.50 million for the quarter, compared to analysts’ expectations of $542.07 million. During the same quarter last year, the company posted $0.09 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Research analysts forecast that Aaron’s will post 0.08 earnings per share for the current year.

Aaron’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, March 14th were issued a $0.125 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 7.12%. Aaron’s’s dividend payout ratio is currently 625.00%.

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.