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

The Aaron’s Company, Inc. (NYSE:AAN) has earned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat 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 issued a report on the stock in the last year is $9.46.

AAN has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of Aaron’s in a research note on Friday. They issued a “hold” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.10 price objective (down from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th.

Aaron’s Trading Up 1.0 %

NYSE AAN opened at $10.09 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70. The stock’s 50-day moving average is $10.06 and its 200-day moving average is $9.16. Aaron’s has a one year low of $6.62 and a one year high of $11.90. The firm has a market cap of $318.06 million, a P/E ratio of -12.77 and a beta of 1.43.

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

Aaron’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Friday, September 13th. Aaron’s’s payout ratio is -63.29%.

Institutional Trading of Aaron’s

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP bought a new stake in shares of Aaron’s during the 2nd quarter worth approximately $41,000. GAMMA Investing LLC increased its holdings in Aaron’s by 314.4% during the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after buying an additional 3,870 shares during the last quarter. Fortitude Family Office LLC raised its position in Aaron’s by 239.5% during the second quarter. Fortitude Family Office LLC now owns 8,385 shares of the company’s stock worth $84,000 after acquiring an additional 5,915 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Aaron’s in the third quarter valued at $109,000. Finally, EMC Capital Management grew its position in shares of Aaron’s by 172.8% in the 1st quarter. EMC Capital Management now owns 12,211 shares of the company’s stock valued at $92,000 after acquiring an additional 7,735 shares during the period. Institutional investors own 91.99% of the company’s stock.

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.