Aaron’s (NYSE:AAN) PT Lowered to $8.00

Aaron’s (NYSE:AAN) had its price target decreased by investment analysts at Truist Financial from $9.00 to $8.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 7.67% from the stock’s current price.

A number of other brokerages also recently weighed in on AAN. StockNews.com upgraded Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price target on shares of Aaron’s in a research note on Monday, March 11th. Finally, TD Cowen started coverage on Aaron’s in a research note on Friday, March 8th. They set a “market perform” rating and a $7.00 price target for the company. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Aaron’s presently has a consensus rating of “Hold” and an average target price of $11.50.

Aaron’s Stock Performance

Shares of NYSE AAN opened at $7.43 on Wednesday. The stock has a 50 day moving average of $7.21 and a 200-day moving average of $8.88. The company has a market capitalization of $233.93 million, a P/E ratio of -9.41 and a beta of 1.31. Aaron’s has a 12 month low of $6.62 and a 12 month high of $16.16. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.28.

Aaron’s (NYSE:AAN) last issued its 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 business had revenue of $511.50 million for the quarter, compared to analyst estimates of $521.05 million. Aaron’s had a return on equity of 3.59% and a net margin of 0.13%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. As a group, equities research analysts predict that Aaron’s will post 0.08 EPS for the current year.

Institutional Trading of Aaron’s

Several institutional investors and hedge funds have recently bought and sold shares of AAN. Gladius Capital Management LP raised its position in shares of Aaron’s by 80.0% in the 3rd quarter. Gladius Capital Management LP now owns 2,603 shares of the company’s stock worth $27,000 after acquiring an additional 1,157 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in Aaron’s by 1.4% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 90,715 shares of the company’s stock valued at $987,000 after acquiring an additional 1,290 shares during the period. Signaturefd LLC boosted its stake in Aaron’s by 231.2% during the third quarter. Signaturefd LLC now owns 2,865 shares of the company’s stock worth $30,000 after acquiring an additional 2,000 shares in the last quarter. Nordea Investment Management AB raised its stake in Aaron’s by 1.9% during the third quarter. Nordea Investment Management AB now owns 123,953 shares of the company’s stock valued at $1,314,000 after buying an additional 2,261 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Aaron’s in the 4th quarter worth about $29,000. 91.99% of the stock is currently owned by hedge funds and other institutional investors.

Aaron’s Company Profile

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.