Loop Capital Raises Aaron’s (NYSE:AAN) Price Target to $10.00

Aaron’s (NYSE:AANFree Report) had its price objective hoisted by Loop Capital from $8.00 to $10.00 in a research report released on Tuesday morning, MarketBeat Ratings reports. Loop Capital currently has a hold rating on the stock.

Several other equities analysts have also commented on AAN. Stifel Nicolaus reissued a hold rating and set a $7.00 price target on shares of Aaron’s in a research report on Monday, March 11th. Truist Financial raised their target price on Aaron’s from $8.00 to $10.10 and gave the company a hold rating in a research note on Tuesday. TD Cowen lifted their target price on Aaron’s from $8.00 to $10.10 and gave the stock a hold rating in a research report on Monday. StockNews.com lowered shares of Aaron’s from a buy rating to a hold rating in a research note on Friday, June 7th. Finally, BTIG Research began coverage on shares of Aaron’s in a report on Friday, June 7th. They issued a neutral rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Aaron’s has a consensus rating of Hold and a consensus target price of $11.70.

View Our Latest Report on AAN

Aaron’s Stock Performance

Aaron’s stock opened at $9.98 on Tuesday. The stock has a fifty day moving average price of $7.68 and a 200 day moving average price of $8.87. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. Aaron’s has a 52 week low of $6.62 and a 52 week high of $16.16. The firm has a market capitalization of $305.65 million, a P/E ratio of -12.63 and a beta of 1.39.

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

Aaron’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, June 14th. Aaron’s’s dividend payout ratio is presently -63.29%.

Institutional Investors Weigh In On Aaron’s

A number of institutional investors have recently modified their holdings of AAN. Gladius Capital Management LP lifted its stake in Aaron’s by 80.0% in the third quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock valued at $27,000 after buying an additional 1,157 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Aaron’s in the fourth quarter worth about $29,000. Copeland Capital Management LLC grew its position in Aaron’s by 54,820.0% in the 4th quarter. Copeland Capital Management LLC now owns 2,746 shares of the company’s stock valued at $30,000 after buying an additional 2,741 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Aaron’s during the 4th quarter valued at about $51,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Aaron’s during the third quarter worth approximately $67,000. Institutional investors own 91.99% of the company’s stock.

Aaron’s Company Profile

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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.

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Analyst Recommendations for Aaron's (NYSE:AAN)

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