Aaron’s (NYSE:AAN) Rating Gain from analysts at StockNews.com

Equities research analysts at StockNews.com have assumed coverage of the stock Aaron’s (NYSE:AAN – Get a Free Report) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

Several other equities analysts also recently commented on AAN. Jefferies Financial Group reissued a “hold” rating and set a $10.10 target price (down previously from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. Loop Capital boosted their price target on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, June 18th. Truist Financial upped their target price on shares of Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a report on Tuesday, June 18th. BTIG Research started coverage on shares of Aaron in a research report on Friday, June 7th. They issued a “neutral” rating on the company. Finally, TD Cowen raised their price objective on shares of Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a research report on Monday, June 17th . Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Aaron’s has an average rating of “Hold” and a consensus price target of $9.46, based on data from MarketBeat.

Read the latest stock report on AAN

Aaron’s price performance

AAN opened at $10.02 on Monday. 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 company’s 50-day moving average price is $10.03 and its 200-day moving average price is $8.68. Aaron’s has a fifty-two week low of $6.62 and a fifty-two week high of $11.90. The firm has a market cap of $315.85 million, a price-to-earnings ratio of -12.68 and a beta of 1.43.

Aaron’s (NYSE:AAN – Get Free Report ) last announced its quarterly 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 company had revenue of $503.10 million for the quarter, compared to analyst estimates of $513.91 million. In the same quarter last year, the company posted earnings of $0.39 per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Aaron’s will post -0.01 earnings per share for the current year.

Institutional investors are stepping in on Aaron

Several institutional investors have recently made changes to their positions in AAN. Gladius Capital Management LP bought a new position in Aaron’s in the second quarter valued at about $41,000. GAMMA Investing LLC boosted its holdings in Aaron’s by 314.4% in the second quarter. GAMMA Investing LLC now owns 5,101 shares of the company’s stock worth $51,000 after purchasing an additional 3,870 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of Aaron’s by 239.5% during the 2nd 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 in the last quarter. EMC Capital Management grew its stake in shares of Aaron’s by 172.8% in the first quarter. EMC Capital Management now owns 12,211 shares of the company’s stock worth $92,000 after purchasing an additional 7,735 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in Aaron’s during the first quarter valued at $115,000. 91.99% of shares are currently owned by institutional investors and hedge funds.

Aaron’s Company Profile

(Get a free report)

Headquartered in Atlanta, The Aaron’s Company, Inc (NYSE: AAN ) is a technology-driven, omnichannel provider of lease-to-purchase solutions. Aaron’s engages in direct-to-consumer sales and rental of furniture, appliances, consumer electronics and accessories through 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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