In a report released today, Anthony Chukumba from Loop Capital Markets downgraded Aaron’s Company (AAN – Research Report) to a Hold, with a price target of $8.00. The company’s shares closed yesterday at $7.01.
According to TipRanks, Chukumba is a 5-star analyst with an average return of 10.7% and a 64.68% success rate. Chukumba covers the Consumer Cyclical sector, focusing on stocks such as Williams-Sonoma, National Vision Holdings, and Dollar General.
In addition to Loop Capital Markets, Aaron’s Company also received a Hold from Truist Financial’s Scot Ciccarelli in a report issued on October 16. However, yesterday, Bank of America Securities reiterated a Sell rating on Aaron’s Company (NYSE: AAN).
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Based on Aaron’s Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $525.68 million and a GAAP net loss of $4.14 million. In comparison, last year the company earned a revenue of $593.38 million and had a GAAP net loss of $15.62 million
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Aaron’s Company (AAN) Company Description:
The Aarons Co Inc is a speciality retailer which has developed a unique lease-to-own model. It serves the customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories at best deal with the highest quality products. Aaron’s services are available through multiple channels to approximately 40-50 % of the U.S. population.
Read More on AAN:
- The Aaron’s Company, Inc. Reports Third Quarter 2023 Financial Results, Updates Full Year Outlook
- Aaron’s narrows FY23 adjusted EPS view to $1.00-$1.20 from $1.00-$1.40
- Aaron’s reports Q3 adjusted EPS 1c, consensus 7c
- AAN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Aaron’s price target lowered to $15 from $17 at Jefferies
