Shares of The Aaron’s Company, Inc. (NYSE:AAN – Get Free Report) have received an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.46.
AAN has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $10.10 target price (down from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. TD Cowen increased their price objective on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a report on Monday, June 17th. Truist Financial upped their price target on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research report on Tuesday, June 18th. Loop Capital boosted their price objective 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. Finally, StockNews.com initiated coverage on shares of Aaron’s in a research report on Tuesday, October 1st. They issued a “hold” rating for the company.
Get Our Latest Research Report on AAN
Institutional Trading of Aaron’s
Aaron’s Price Performance
AAN opened at $10.09 on Tuesday. The company has a fifty day simple moving average of $10.05 and a 200 day simple moving average of $8.91. 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 stock has a market cap of $318.06 million, a P/E ratio of -12.77 and a beta of 1.43. Aaron’s has a 12 month low of $6.62 and a 12 month high of $11.90.
Aaron’s (NYSE:AAN – Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). The business had revenue of $503.10 million for the quarter, compared to the consensus estimate of $513.91 million. Aaron’s had a negative net margin of 2.06% and a negative return on equity of 2.08%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts expect that Aaron’s will post -0.01 EPS for the current year.
Aaron’s Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 annualized dividend and a yield of 4.96%. Aaron’s’s dividend payout ratio (DPR) is currently -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.
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