Loop Capital Boosts Aaron's (NYSE:AAN) Price Target to $10.00

Aaron's (NYSE:AAN - Get Free Report) had its price objective upped by Loop Capital from $8.00 to $10.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage currently has a "hold" rating on the stock. Loop Capital's price target points to a potential downside of 0.15% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. TD Cowen lifted their price target on shares of Aaron's from $8.00 to $10.10 and gave the stock a "hold" rating in a research note on Monday. BTIG Research began coverage on shares of Aaron's in a research note on Friday, June 7th. They set a "neutral" rating on the stock. Stifel Nicolaus reiterated a "hold" rating and set a $7.00 price target on shares of Aaron's in a research note on Monday, March 11th. StockNews.com cut shares of Aaron's from a "buy" rating to a "hold" rating in a research note on Friday, June 7th. Finally, Truist Financial lifted their price target on shares of Aaron's from $8.00 to $10.10 and gave the stock a "hold" rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $11.70.

Aaron's Stock Down 0.4 %

Shares of AAN traded down $0.04 on Tuesday, hitting $10.02. 3,300,065 shares of the stock traded hands, compared to its average volume of 342,324. The company has a market capitalization of $306.76 million, a PE ratio of -12.73 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.72 and a current ratio of 1.03. The business has a 50 day simple moving average of $7.52 and a 200 day simple moving average of $8.85. Aaron's has a one year low of $6.62 and a one year high of $16.16.

Aaron's (NYSE:AAN - Get Free Report) last posted its earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). Aaron's had a positive return on equity of 0.02% and a negative net margin of 1.15%. The company had revenue of $511.50 million during the quarter, compared to the consensus estimate of $521.05 million. During the same period last year, the firm posted $0.66 EPS. The company's revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Aaron's will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AAN. Fuller & Thaler Asset Management Inc. bought a new stake in Aaron's in the 3rd quarter valued at $2,108,000. Qube Research & Technologies Ltd bought a new stake in Aaron's in the 3rd quarter valued at $1,896,000. First Eagle Investment Management LLC bought a new stake in Aaron's in the 4th quarter valued at $1,879,000. Acadian Asset Management LLC increased its holdings in Aaron's by 25.5% in the 1st quarter. Acadian Asset Management LLC now owns 807,933 shares of the company's stock valued at $6,056,000 after acquiring an additional 164,392 shares during the last quarter. Finally, Bragg Financial Advisors Inc increased its holdings in Aaron's by 160.9% in the 4th quarter. Bragg Financial Advisors Inc now owns 200,791 shares of the company's stock valued at $2,185,000 after acquiring an additional 123,839 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company's stock.

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.