Aaron’s (NYSE:AAN) Stock Rating Lowered by StockNews.com

Aaron’s (NYSE:AAN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other equities research analysts have also issued reports on AAN. Stephens reiterated an “equal weight” rating and set a $18.00 price target on shares of Aaron’s in a report on Tuesday, August 1st. Loop Capital downgraded shares of Aaron’s from a “buy” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $14.00 in a research report on Monday, July 10th. Truist Financial increased their price target on shares of Aaron’s from $12.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Aaron’s from $15.00 to $17.00 in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.36.

Aaron’s Stock Up 2.6 %

AAN stock opened at $10.41 on Friday. The company has a 50 day moving average of $13.53 and a two-hundred day moving average of $12.53. The company has a market cap of $321.36 million, a price-to-earnings ratio of -130.13 and a beta of 1.19. Aaron’s has a 12-month low of $7.64 and a 12-month high of $16.16. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.26.

Aaron’s (NYSE:AAN) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.21. The business had revenue of $530.40 million for the quarter, compared to the consensus estimate of $547.87 million. Aaron’s had a negative net margin of 0.10% and a positive return on equity of 6.43%. Aaron’s’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. On average, equities analysts anticipate that Aaron’s will post 1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Pinnacle Holdings LLC acquired a new position in shares of Aaron’s during the first quarter worth approximately $50,000. State of Wyoming bought a new position in Aaron’s during the second quarter worth $61,000. UBS Group AG boosted its holdings in Aaron’s by 430.2% in the 3rd quarter. UBS Group AG now owns 6,554 shares of the company’s stock valued at $64,000 after purchasing an additional 8,539 shares during the period. Tower Research Capital LLC TRC grew its position in Aaron’s by 133.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,931 shares of the company’s stock worth $68,000 after purchasing an additional 3,962 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Aaron’s during the 1st quarter worth about $73,000. Institutional investors own 93.82% 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.