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

Stock analysts at StockNews.com initiated coverage on shares of Aaron’s (NYSE:AAN) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

Several other analysts have also issued reports on the stock. Loop Capital upped their price target on shares of Aaron’s from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. BTIG Research began coverage on shares of Aaron’s in a research report on Friday, June 7th. They set a “neutral” rating for the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $10.10 price objective (down previously from $11.00) on shares of Aaron’s in a research report on Wednesday, July 10th. 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 report on Monday, June 17th. Finally, Truist Financial raised their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Tuesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Aaron’s presently has a consensus rating of “Hold” and an average target price of $9.46.

Aaron’s Trading Up 0.2 %

Shares of AAN stock opened at $10.06 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $317.11 million, a P/E ratio of -12.73 and a beta of 1.43. Aaron’s has a 12-month low of $6.62 and a 12-month high of $11.90. The firm has a 50-day moving average price of $10.02 and a 200 day moving average price of $8.61.

Aaron’s (NYSE:AAN) last issued its quarterly 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). Aaron’s had a negative return on equity of 2.08% and a negative net margin of 2.06%. The business had revenue of $503.10 million for the quarter, compared to analyst estimates of $513.91 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Research analysts forecast that Aaron’s will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aaron’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Aaron’s by 10.2% during 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 purchasing an additional 93,207 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Aaron’s in the 4th quarter worth approximately $335,000. First Eagle Investment Management LLC bought a new position in shares of Aaron’s during the 4th quarter valued at approximately $1,879,000. Dynamic Technology Lab Private Ltd purchased a new position in Aaron’s during the 4th quarter valued at $147,000. Finally, Quest Partners LLC purchased a new position in Aaron’s during the 4th quarter valued at $123,000. Institutional investors own 91.99% of the company’s stock.

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.