1 week Ago By ABMN Staff
Shares of The Aaron’s Company, Inc. ( NYSE:AAN – Get Free Report ) have earned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $9.46. Several equities research analysts recently issued reports on AAN shares.
Truist Financial upped their price target on Aaron’s from $8.00 to $10.10 and gave the stock a “hold” rating in a report on Tuesday, June 18th.
Jefferies Financial Group restated a “hold” rating and issued a $10.10 price objective (down previously from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th.
Loop Capital upped their price objective on Aaron’s from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, June 18th.
TD Cowen upped their price objective on Aaron’s from $8.00 to $10.10 and gave the company a “hold” rating in a research note on Monday, June 17th.
Finally, BTIG Research began coverage on Aaron’s in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Get Our Latest Stock Report on AAN Aaron’s Trading Up 0.
2 % 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 (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $513.91 million. During the same quarter last year, the company posted $0.
39 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year.
On average, sell-side analysts anticipate that Aaron’s will post -0.01 earnings per share for the current fiscal year. Aaron’s Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd.
Stockholders of record on Friday, September 13th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 13th.
This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.00%.
Aaron’s’s dividend payout ratio is presently -63.29%. Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the company.
First Eagle Investment Management LLC purchased a new position in shares of Aaron’s during the 4th quarter valued at $1,879,000. Acadian Asset Management LLC lifted its holdings in Aaron’s by 25.5% during the 1st quarter.
Acadian Asset Management LLC now owns 807,933 shares of the company’s stock worth $6,056,000 after purchasing an additional 164,392 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Aaron’s during the 4th quarter worth about $147,000. Massachusetts Financial Services Co.
MA purchased a new stake in Aaron’s during the 4th quarter worth about $335,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Aaron’s by 10.
2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,005,375 shares of the company’s stock worth $10,938,000 after purchasing an additional 93,207 shares in the last quarter.
Hedge funds and other institutional investors own 91.99% of the company’s stock. About Aaron’s ( 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. Further Reading Receive News & Ratings for Aaron's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aaron's and related companies with MarketBeat.
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