Aaron’s (NYSE:AAN) PT Raised to $10.10 at TD Cowen

Aaron’s (NYSE:AANFree Report) had its price target hoisted by TD Cowen from $8.00 to $10.10 in a research note released on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a hold rating and issued a $7.00 target price on shares of Aaron’s in a research note on Monday, March 11th. BTIG Research assumed coverage on shares of Aaron’s in a research note on Friday, June 7th. They issued a neutral rating for the company. StockNews.com lowered shares of Aaron’s from a buy rating to a hold rating in a research report on Friday, June 7th. Finally, Truist Financial dropped their price target on shares of Aaron’s from $9.00 to $8.00 and set a hold rating for the company in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aaron’s presently has an average rating of Hold and an average price target of $11.70.

Get Our Latest Stock Analysis on Aaron’s

Aaron’s Stock Down 0.5 %

NYSE AAN opened at $9.98 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.72 and a current ratio of 1.03. The firm has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $8.87. Aaron’s has a twelve month low of $6.62 and a twelve month high of $16.16. The stock has a market cap of $305.65 million, a PE ratio of -12.63 and a beta of 1.39.

Aaron’s (NYSE:AANGet Free Report) last released its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Aaron’s had a negative net margin of 1.15% and a positive return on equity of 0.02%. The company had revenue of $511.50 million during the quarter, compared to the consensus estimate of $521.05 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts forecast that Aaron’s will post 0.11 EPS for the current year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, June 14th. Aaron’s’s dividend payout ratio (DPR) is presently -63.29%.

Institutional Trading of Aaron’s

Hedge funds have recently modified their holdings of the company. Gladius Capital Management LP increased its holdings in shares of 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 buying an additional 1,157 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Aaron’s during the fourth quarter valued at approximately $29,000. Copeland Capital Management LLC grew its stake in shares of Aaron’s by 54,820.0% during the fourth quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock valued at $30,000 after purchasing an additional 2,741 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Aaron’s during the fourth quarter valued at approximately $51,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Aaron’s during the third quarter valued at approximately $67,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

Aaron’s Company Profile

(Get Free Report)

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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