Analysts Set The Aaron’s Company, Inc. (NYSE:AAN) PT at $11.67

Shares of The Aaron’s Company, Inc. (NYSE:AAN) have earned a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $11.50.

AAN has been the topic of a number of research reports. StockNews.com lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial cut their price target on Aaron’s from $9.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday. TD Cowen began coverage on Aaron’s in a report on Friday, March 8th. They issued a “market perform” rating and a $7.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $7.00 price target on shares of Aaron’s in a report on Monday, March 11th.

Hedge Funds Weigh In On Aaron’s

A number of hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP lifted its stake in Aaron’s by 80.0% during the third quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $27,000 after purchasing an additional 1,157 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Aaron’s during the 4th quarter valued at about $29,000. Signaturefd LLC grew its position in Aaron’s by 231.2% in the 3rd quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. Copeland Capital Management LLC increased its stake in Aaron’s by 54,820.0% during the fourth quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock worth $30,000 after purchasing an additional 2,741 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of Aaron’s during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

Aaron’s Price Performance

Shares of Aaron’s stock opened at $7.56 on Friday. The firm has a market cap of $237.87 million, a PE ratio of -9.56 and a beta of 1.31. The business has a 50-day moving average price of $7.22 and a 200 day moving average price of $8.89. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. Aaron’s has a twelve month low of $6.62 and a twelve month high of $16.16.

Aaron’s (NYSE:AAN) last announced its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $511.50 million for the quarter, compared to analysts’ expectations of $521.05 million. Aaron’s had a net margin of 0.13% and a return on equity of 3.59%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. Sell-side analysts predict that Aaron’s will post 0.08 earnings per share for the current fiscal year.

Aaron’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Friday, June 14th. Aaron’s’s dividend payout ratio (DPR) is -63.29%.

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.