The Aaron’s Company, Inc. (NYSE:AAN) Receives $13.13 Consensus Price Target from Analysts

Posted by Defense World Staff on Mar 9th, 2023

The Aaron’s Company, Inc. (NYSE:AAN – Get Rating) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.13.

A number of equities research analysts have issued reports on the stock. Stephens reiterated an “equal weight” rating and issued a $18.00 target price on shares of Aaron’s in a research report on Thursday, March 2nd. Loop Capital decreased their target price on Aaron’s from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday.

Aaron’s Price Performance

AAN opened at $12.16 on Monday. The company’s 50-day moving average price is $13.91 and its 200 day moving average price is $12.09. Aaron’s has a fifty-two week low of $7.64 and a fifty-two week high of $23.63. The firm has a market cap of $372.34 million, a price-to-earnings ratio of -64.00 and a beta of 1.11. The company has a quick ratio of 0.64, a current ratio of 1.00 and a debt-to-equity ratio of 0.35.

Aaron’s (NYSE:AAN – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.11. The business had revenue of $589.60 million for the quarter, compared to analyst estimates of $591.15 million. Aaron’s had a negative net margin of 0.23% and a positive return on equity of 9.09%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share. As a group, sell-side analysts expect that Aaron’s will post 0.89 earnings per share for the current year.

Aaron’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, March 16th will be given a dividend of $0.125 per share. This is a positive change from Aaron’s’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $0.50 annualized dividend and a dividend yield of 4.11%. Aaron’s’s dividend payout ratio (DPR) is currently -236.84%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new stake in Aaron’s during the fourth quarter worth about $8,838,000. BlackRock Inc. raised its position in Aaron’s by 7.5% in the 1st quarter. BlackRock Inc. now owns 5,714,504 shares of the company’s stock worth $114,746,000 after buying an additional 398,527 shares during the last quarter. Millennium Management LLC grew its stake in shares of Aaron’s by 940.2% during the 2nd quarter. Millennium Management LLC now owns 346,338 shares of the company’s stock valued at $5,039,000 after purchasing an additional 313,044 shares during the period. Brandywine Global Investment Management LLC grew its stake in shares of Aaron’s by 120.0% during the 4th quarter. Brandywine Global Investment Management LLC now owns 420,866 shares of the company’s stock valued at $5,029,000 after purchasing an additional 229,600 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Aaron’s by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 3,976,760 shares of the company’s stock valued at $79,853,000 after acquiring an additional 221,788 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

About Aaron’s

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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.

Analyst Recommendations for Aaron's (NYSE:AAN)

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