The Aaron’s Company, Inc. (NYSE:AAN) Receives $14.36 Average Price Target from Brokerages

Posted by Defense World Staff on Aug 6th, 2023

Shares of The Aaron’s Company, Inc. (NYSE:AAN – Get Free Report) have received a consensus rating of “Reduce” from the five ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.36.

Several equities research analysts recently commented on AAN shares. StockNews.com upgraded Aaron’s from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Bank of America raised their target price on Aaron’s from $6.50 to $7.80 and gave the company an “underperform” rating in a report on Thursday, April 13th. Truist Financial raised their target price on Aaron’s from $12.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and set a $18.00 target price on shares of Aaron’s in a report on Tuesday, August 1st. Finally, Jefferies Financial Group raised their target price on Aaron’s from $15.00 to $17.00 in a report on Tuesday, July 11th.

Insiders Place Their Bets

In other Aaron’s news, Director John W. Robinson sold 3,928 shares of Aaron’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $14.00, for a total transaction of $54,992.00. Following the sale, the director now directly owns 316,604 shares in the company, valued at approximately $4,432,456. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aaron’s

Institutional investors have recently made changes to their positions in the company. Pinnacle Holdings LLC bought a new stake in shares of Aaron’s in the 1st quarter valued at approximately $50,000. UBS Group AG increased its holdings in shares of Aaron’s by 430.2% in the 3rd quarter. UBS Group AG now owns 6,554 shares of the company’s stock valued at $64,000 after acquiring an additional 8,539 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Aaron’s by 133.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,931 shares of the company’s stock valued at $68,000 after acquiring an additional 3,962 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Aaron’s during the 1st quarter valued at approximately $73,000. Finally, Gladius Capital Management LP boosted its position in Aaron’s by 89.2% during the 4th quarter. Gladius Capital Management LP now owns 6,154 shares of the company’s stock valued at $74,000 after purchasing an additional 2,901 shares during the period. 92.25% of the stock is currently owned by institutional investors.

Aaron’s Stock Performance

NYSE AAN opened at $13.60 on Thursday. The firm has a market capitalization of $419.83 million, a P/E ratio of -170.00 and a beta of 1.12. Aaron’s has a 1-year low of $7.64 and a 1-year high of $16.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.08 and a quick ratio of 0.74. The business’s 50-day simple moving average is $14.16 and its 200-day simple moving average is $12.95.

Aaron’s (NYSE:AAN – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.21. The business had revenue of $530.40 million for the quarter, compared to analyst estimates of $547.87 million. Aaron’s had a positive return on equity of 6.43% and a negative net margin of 0.10%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. Equities analysts predict that Aaron’s will post 1.25 EPS for the current year.

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.