Brokerages Set The Aaron’s Company, Inc. (NYSE:AAN) Price Target at $11.67

The Aaron’s Company, Inc. (NYSE:AAN) has been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.50.

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

Aaron’s Price Performance

Shares of NYSE AAN opened at $7.56 on Friday. 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 fifty-two week low of $6.62 and a fifty-two week high of $16.16. The business has a 50 day moving average price of $7.22 and a two-hundred day moving average price of $8.89. The firm has a market cap of $237.87 million, a PE ratio of -9.56 and a beta of 1.31.

Aaron’s (NYSE:AAN) last issued its quarterly 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 company had revenue of $511.50 million during the quarter, compared to the consensus estimate of $521.05 million. Aaron’s had a return on equity of 3.59% and a net margin of 0.13%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Sell-side analysts expect that Aaron’s will post 0.08 earnings per share for the current fiscal year.

Aaron’s Announces Dividend

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 given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Friday, June 14th. Aaron’s’s payout ratio is -63.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new position in shares of Aaron’s during the third quarter valued at $277,000. Nordea Investment Management AB boosted its stake in Aaron’s by 1.9% during the 3rd quarter. Nordea Investment Management AB now owns 123,953 shares of the company’s stock valued at $1,314,000 after purchasing an additional 2,261 shares during the period. Qube Research & Technologies Ltd bought a new position in Aaron’s in the 3rd quarter worth about $1,896,000. Charles Schwab Investment Management Inc. increased its stake in shares of Aaron’s by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 912,168 shares of the company’s stock valued at $9,550,000 after purchasing an additional 50,301 shares during the period. Finally, AM Investment Strategies LLC acquired a new stake in shares of Aaron’s in the fourth quarter valued at approximately $180,000. 91.99% of the stock is currently owned by institutional investors.

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.