Aaron’s (NYSE:AAN) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Aaron’s (NYSE:AAN) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Separately, Jefferies Financial Group reissued 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. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.46.

Aaron’s Trading Up 1.0 %

Shares of AAN stock opened at $10.09 on Friday. The business has a 50-day moving average of $10.06 and a 200 day moving average of $9.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70. Aaron’s has a 1-year low of $6.62 and a 1-year high of $11.90. The stock has a market capitalization of $318.06 million, a PE ratio of -12.77 and a beta of 1.43.

Aaron’s (NYSE:AAN) last posted its earnings results on Monday, August 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $513.91 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Aaron’s will post -0.01 earnings per share for the current year.

Institutional Trading of Aaron’s

A number of large investors have recently made changes to their positions in AAN. Gladius Capital Management LP purchased a new stake in Aaron’s in the second quarter worth approximately $41,000. GAMMA Investing LLC boosted its stake in shares of Aaron’s by 314.4% in the 2nd 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 grew its holdings in shares of Aaron’s by 239.5% in 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 during the period. EMC Capital Management increased its position in Aaron’s by 172.8% during the first 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 last quarter. Finally, SG Americas Securities LLC bought a new position in Aaron’s in the third quarter valued at about $109,000. 91.99% of the stock is currently owned by institutional investors.

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.