Fintel reports that on March 8, 2024, TD Cowen initiated coverage of Aaron's (NYSE:AAN) with a Market Perform recommendation.

Analyst Price Forecast Suggests 67.63% Upside

As of February 24, 2024, the average one-year price target for Aaron's is 12.04. The forecasts range from a low of 8.08 to a high of $16.80. The average price target represents an increase of 67.63% from its latest reported closing price of 7.18.

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The projected annual revenue for Aaron's is 2,524MM, an increase of 17.95%. The projected annual non-GAAP EPS is 2.20.

What is the Fund Sentiment?

There are 415 funds or institutions reporting positions in Aaron's. This is a decrease of 10 owner(s) or 2.35% in the last quarter. Average portfolio weight of all funds dedicated to AAN is -2.77%, a decrease of 3,873.65%. Total shares owned by institutions increased in the last three months by 3.92% to 33,469K shares. The put/call ratio of AAN is 0.74, indicating a bullish outlook.

What are Other Shareholders Doing?

Palisade Capital Management holds 1,354K shares representing 4.46% ownership of the company. In it's prior filing, the firm reported owning 1,395K shares, representing a decrease of 2.99%. The firm decreased its portfolio allocation in AAN by 4.15% over the last quarter.

D. E. Shaw holds 1,088K shares representing 3.58% ownership of the company. In it's prior filing, the firm reported owning 1,171K shares, representing a decrease of 7.58%. The firm decreased its portfolio allocation in AAN by 38.08% over the last quarter.

Charles Schwab Investment Management holds 1,005K shares representing 3.31% ownership of the company. In it's prior filing, the firm reported owning 912K shares, representing an increase of 9.27%. The firm decreased its portfolio allocation in AAN by 7.56% over the last quarter.

Lsv Asset Management holds 1,001K shares representing 3.30% ownership of the company. In it's prior filing, the firm reported owning 959K shares, representing an increase of 4.16%. The firm increased its portfolio allocation in AAN by 1.71% over the last quarter.

IWM - iShares Russell 2000 ETF holds 896K shares representing 2.95% ownership of the company. In it's prior filing, the firm reported owning 719K shares, representing an increase of 19.77%. The firm increased its portfolio allocation in AAN by 0.15% over the last quarter.

Aarons Company Inc Background Information
(This description is provided by the company.)

Headquartered in Atlanta, The Aaron's Company, Inc. is a leading technology-enabled omnichannel provider of lease-purchase solutions. Aaron's engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, appliances 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.