Aaron’s (NYSE:AAN) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Aaron’s (NYSE:AAN) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

Separately, Jefferies Financial Group restated a “hold” rating and issued a $10.10 target price (down from $11.00) on shares of Aaron’s in a research note on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Aaron’s presently has a consensus rating of “Hold” and an average target price of $9.46.

Aaron’s Trading Up 1.0 %

Shares of NYSE AAN opened at $10.09 on Friday. Aaron’s has a 1-year low of $6.62 and a 1-year high of $11.90. The business has a fifty day moving average price of $10.06 and a 200 day moving average price of $9.29. The stock has a market capitalization of $318.06 million, a P/E ratio of -12.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.70.

Aaron’s (NYSE:AAN) last released its quarterly earnings results on Monday, August 5th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). Aaron’s had a negative net margin of 2.06% and a negative return on equity of 2.08%. The firm had revenue of $503.10 million for the quarter, compared to analysts’ expectations of $513.91 million. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Aaron’s will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Olympiad Research LP grew its holdings in shares of Aaron’s by 50.7% during the third quarter. Olympiad Research LP now owns 227,622 shares of the company’s stock valued at $2,265,000 after buying an additional 76,565 shares during the last quarter. Trium Capital LLP acquired a new stake in Aaron’s during the 3rd quarter worth about $4,028,000. SG Americas Securities LLC acquired a new stake in Aaron’s during the 3rd quarter worth about $109,000. Water Island Capital LLC purchased a new stake in Aaron’s during the 2nd quarter valued at about $9,711,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Aaron’s in the second quarter valued at about $320,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

About Aaron’s

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.