The Aaron’s Company, Inc. (NYSE:AAN) Given Average Rating of “Hold” by Analysts

The Aaron’s Company, Inc. (NYSE:AAN) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.67.

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

Hedge Funds Weigh In On Aaron’s

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio lifted its position in shares of Aaron’s by 17.4% during the 3rd quarter. Strs Ohio now owns 51,300 shares of the company’s stock worth $537,000 after buying an additional 7,600 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in shares of Aaron’s during the 3rd quarter worth approximately $105,000. Teacher Retirement System of Texas lifted its position in shares of Aaron’s by 94.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 27,730 shares of the company’s stock worth $290,000 after buying an additional 13,446 shares in the last quarter. Olympiad Research LP lifted its position in shares of Aaron’s by 52.5% during the 3rd quarter. Olympiad Research LP now owns 23,321 shares of the company’s stock worth $244,000 after buying an additional 8,032 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Aaron’s by 231.2% during the 3rd quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $6.95 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $7.32 and a two-hundred day moving average price of $8.94. Aaron’s has a 1-year low of $6.69 and a 1-year high of $16.16. The company has a market cap of $218.66 million, a P/E ratio of 86.81 and a beta of 1.31.

Aaron’s (NYSE:AAN) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.29). Aaron’s had a return on equity of 3.59% and a net margin of 0.13%. The business had revenue of $529.50 million for the quarter, compared to analyst estimates of $542.07 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue was down 10.2% on a year-over-year basis. As a group, analysts anticipate that Aaron’s will post 0.08 EPS for the current year.

Aaron’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Thursday, March 14th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 7.20%. Aaron’s’s dividend payout ratio (DPR) is currently 625.00%.

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.