The Aaron’s Company, Inc. (NYSE:AAN) Receives $13.20 Consensus Target Price from Brokerages

Shares of The Aaron’s Company, Inc. (NYSE:AAN – Get Rating) have earned a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.20.

A number of brokerages recently weighed in on AAN. Stephens restated an “equal weight” rating and issued a $18.00 price objective on shares of Aaron’s in a report on Thursday, March 2nd. StockNews.com began coverage on Aaron’s in a report on Thursday, May 18th. They set a “buy” rating on the stock. Truist Financial boosted their target price on Aaron’s from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, April 26th. Bank of America raised their price target on shares of Aaron’s from $6.50 to $7.80 and gave the company an “underperform” rating in a report on Thursday, April 13th. Finally, Loop Capital decreased their price objective on shares of Aaron’s from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, March 6th.

Aaron’s Trading Up 1.4 %

Aaron’s stock opened at $12.75 on Friday. Aaron’s has a 12 month low of $7.64 and a 12 month high of $20.04. The company has a market capitalization of $394.10 million, a price-to-earnings ratio of -27.11 and a beta of 1.01. The business’s fifty day simple moving average is $10.92 and its two-hundred day simple moving average is $12.11. The company has a current ratio of 1.10, a quick ratio of 0.74 and a debt-to-equity ratio of 0.32.

Aaron’s (NYSE:AAN – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.38. The company had revenue of $554.40 million for the quarter, compared to analysts’ expectations of $564.87 million. Aaron’s had a negative net margin of 0.60% and a positive return on equity of 8.18%. Aaron’s’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, equities analysts predict that Aaron’s will post 1.2 earnings per share for the current fiscal year.

Aaron’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Thursday, June 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.50 annualized dividend and a yield of 3.92%. Aaron’s’s dividend payout ratio (DPR) is presently -108.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. lifted its holdings in shares of Aaron’s by 1.0% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 77,081 shares of the company’s stock valued at $921,000 after acquiring an additional 779 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Aaron’s by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 93,605 shares of the company’s stock valued at $1,362,000 after purchasing an additional 1,233 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of Aaron’s by 8.3% in the 4th quarter. DGS Capital Management LLC now owns 18,148 shares of the company’s stock valued at $217,000 after purchasing an additional 1,396 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Aaron’s by 1.9% in the 4th quarter. Legal & General Group Plc now owns 75,731 shares of the company’s stock worth $905,000 after purchasing an additional 1,444 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Aaron’s by 2.9% during the 4th quarter. Nordea Investment Management AB now owns 54,091 shares of the company’s stock valued at $637,000 after buying an additional 1,529 shares during the period. 91.43% of the stock is currently owned by institutional investors.

About Aaron’s

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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.