Aaron’s (NYSE:AAN) Rating Lowered to Hold at StockNews.com

Aaron’s (NYSE:AANGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

AAN has been the topic of a number of other research reports. Truist Financial cut their price objective on shares of Aaron’s from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. BTIG Research initiated coverage on shares of Aaron’s in a research report on Friday. They set a “neutral” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $7.00 price target on shares of Aaron’s in a research report on Monday, March 11th. Finally, TD Cowen initiated coverage on shares of Aaron’s in a research report on Friday, March 8th. They set a “market perform” rating and a $7.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Check Out Our Latest Analysis on AAN

Aaron’s Stock Down 5.4 %

Shares of AAN stock traded down $0.46 during trading on Friday, reaching $8.02. The company’s stock had a trading volume of 645,433 shares, compared to its average volume of 257,434. The business has a fifty day moving average price of $7.41 and a 200-day moving average price of $8.87. The company has a quick ratio of 0.72, a current ratio of 1.03 and a debt-to-equity ratio of 0.32. The company has a market cap of $245.65 million, a price-to-earnings ratio of -10.15 and a beta of 1.39. Aaron’s has a one year low of $6.62 and a one year high of $16.16.

Aaron’s (NYSE:AANGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $511.50 million during the quarter, compared to the consensus estimate 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 for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. Analysts anticipate that Aaron’s will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Aaron’s

Several institutional investors and hedge funds have recently modified their holdings of the business. Gladius Capital Management LP grew its stake in 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. Cornercap Investment Counsel Inc. grew its stake in Aaron’s by 1.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 90,715 shares of the company’s stock worth $987,000 after buying an additional 1,290 shares in the last quarter. Nordea Investment Management AB grew 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 worth $1,314,000 after buying an additional 2,261 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Aaron’s during the fourth quarter worth about $29,000. Finally, Verity Asset Management Inc. grew its stake in Aaron’s by 15.8% during the first quarter. Verity Asset Management Inc. now owns 19,732 shares of the company’s stock worth $148,000 after buying an additional 2,695 shares in the last quarter. 91.99% of the stock is currently owned by institutional investors and hedge funds.

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

Analyst Recommendations for Aaron's (NYSE:AAN)

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