The Aarons Company Inc. provides lease-to-own and purchase solutions. The company engages in direct-to-consumer sales and lease ownership of furniture, home appliances, electronics, and accessories through its approximately 1,300 Company-operated and franchised stores in the United States and Canada, as well as its e-commerce platform. It also manufactures and supplies bedding and upholstered furniture. As of December 31, 2020, the company had 1,092 Company-operated stores and 248 independently-owned franchised stores. The company was formerly known as Aaron's SpinCo, Inc. The Aarons Company Inc. was founded in 1955 and is headquartered in Atlanta, Georgia.
IPO Year: 2020
Exchange: NYSE
Website: aarons.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/7/2024 | Neutral | BTIG Research | |
3/8/2024 | $7.00 | Market Perform | TD Cowen |
1/2/2024 | Equal-Weight → Overweight | Stephens | |
7/10/2023 | $15.00 → $14.00 | Buy → Hold | Loop Capital |
10/24/2022 | $6.50 | Neutral → Underperform | BofA Securities |
7/12/2022 | $16.00 | Hold | Truist |
ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) today announced the completion of its acquisition by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. With the completion of the transaction, The Aaron's Company's common stock will cease trading as of today and will no longer be listed on the NYSE.
ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) and IQVentures Holdings, LLC ("IQVentures") today announced that they expect to complete the previously announced acquisition by IQVentures of The Aaron's Company later today. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. Upon completion of the transaction, The Aaron's Company's common stock will cease trading and will no longer be listed on the NYSE. Advisors J.P. Morgan Securities
ATLANTA, Aug. 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) today released its second quarter 2024 financial results. Highlights of those results are included below, in the attached supplement, and at investor.aarons.com. Second Quarter 2024 Consolidated Results: Revenues were $503.1 millionNet loss was $11.9 millionAdjusted EBITDA1 was $24.5 millionLoss per share was $0.39; Non-GAAP loss per share1 was $0.07Key Business Highlights2: Announced the Company entered into a definitive agreement to be acquired by IQVentures Holdings, LLC for $10.10 per shareAaron's Business recurring revenue written increased 6.1% driven by 11.1% growth in lease m
ATLANTA, Aug. 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.125 per share and declared such dividend payable on October 3, 2024, to shareholders of record as of the close of business on September 13, 2024. About The Aaron's Company, Inc. Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retai
Fourth Georgia store will be second new BrandsMart location to open since The Aaron's Company acquired BrandsMart U.S.A. in 2022 ATLANTA, July 17, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods, today announced the grand opening of a new BrandsMart U.S.A. store in Kennesaw, Georgia, on Saturday, July 20th. The 35,000-square-foot store – located on Barrett Parkway near Kennesaw State University – is the second
ATLANTA, July 16, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN; "the Company"), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will release its second quarter 2024 results after market close on Monday, August 5, 2024. On June 17, 2024, the Company announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC. In light of this pending transaction, the Company will not be hosting an earnings conference call to discuss its results for the quarter. The results will be furnished
Transaction Represents 34.0% Premium to Aaron's Closing Share Price on June 14 and 35.6% Premium to the 90-Day Volume Weighted Average Share Price ATLANTA, June 17, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) ("The Aaron's Company" or the "Company") today announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The price represents a premium of 34.0% over the Company's closing share price of $7.54 on June 14, 2024 and a premium of 35.6% over the Company's 90-day volume-weighted average share price.
ATLANTA, June 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will participate in the TD Cowen Financial Services & Fintech Summit on Thursday, June 6, 2024, at 3:05 p.m Eastern Time. TD Cowen will host a fireside chat with Chief Financial Officer C. Kelly Wall and Vice President Finance & Investor Relations Marc Levee. A live webcast of the event may be accessed at https://wsw.com/webcast/cowen158/aan/1824416. The event will also be accessible and archived on the
ATLANTA, May 7, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN; the "Company"), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will webcast its 2024 Annual Meeting of Shareholders at 10:00 a.m. Eastern Time on Wednesday May 15, 2024 from Atlanta, Georgia, as described in its proxy statement, dated March 21, 2024, furnished to the Company's shareholders. Investors and other interested parties may access the webcast on the Investor Relations page of the Company's website at investor.aarons.com. The webcast will allow
ATLANTA, Ga., May 6, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) today released its first quarter 2024 financial results. Highlights of those results and the 2024 outlook are included below, in the attached supplement, and at investor.aarons.com. First Quarter 2024 Consolidated Results: Revenues were $511.5 millionAdjusted EBITDA1 was $22.7 millionLoss per share was $0.46; Non-GAAP loss per share1 was $0.15Reaffirms full year 2024 outlook for revenue and adjusted EBITDA and raises outlook for non-GAAP EPS on lower estimated tax rateKey Business Highlights2: Aaron's Business recurring revenue written increased 2.3% driven by 6.8% growth in leas
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ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) today announced the completion of its acquisition by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. With the completion of the transaction, The Aaron's Company's common stock will cease trading as of today and will no longer be listed on the NYSE.
ATLANTA, Oct. 3, 2024 /PRNewswire/ -- The Aaron's Company, Inc. ("The Aaron's Company" or "Aaron's") (NYSE:AAN) and IQVentures Holdings, LLC ("IQVentures") today announced that they expect to complete the previously announced acquisition by IQVentures of The Aaron's Company later today. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. Upon completion of the transaction, The Aaron's Company's common stock will cease trading and will no longer be listed on the NYSE. Advisors J.P. Morgan Securities
ATLANTA, Aug. 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) today released its second quarter 2024 financial results. Highlights of those results are included below, in the attached supplement, and at investor.aarons.com. Second Quarter 2024 Consolidated Results: Revenues were $503.1 millionNet loss was $11.9 millionAdjusted EBITDA1 was $24.5 millionLoss per share was $0.39; Non-GAAP loss per share1 was $0.07Key Business Highlights2: Announced the Company entered into a definitive agreement to be acquired by IQVentures Holdings, LLC for $10.10 per shareAaron's Business recurring revenue written increased 6.1% driven by 11.1% growth in lease m
ATLANTA, Aug. 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.125 per share and declared such dividend payable on October 3, 2024, to shareholders of record as of the close of business on September 13, 2024. About The Aaron's Company, Inc. Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retai
ATLANTA, July 16, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN; "the Company"), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will release its second quarter 2024 results after market close on Monday, August 5, 2024. On June 17, 2024, the Company announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC. In light of this pending transaction, the Company will not be hosting an earnings conference call to discuss its results for the quarter. The results will be furnished
Transaction Represents 34.0% Premium to Aaron's Closing Share Price on June 14 and 35.6% Premium to the 90-Day Volume Weighted Average Share Price ATLANTA, June 17, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) ("The Aaron's Company" or the "Company") today announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The price represents a premium of 34.0% over the Company's closing share price of $7.54 on June 14, 2024 and a premium of 35.6% over the Company's 90-day volume-weighted average share price.
ATLANTA, Ga., May 6, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN) today released its first quarter 2024 financial results. Highlights of those results and the 2024 outlook are included below, in the attached supplement, and at investor.aarons.com. First Quarter 2024 Consolidated Results: Revenues were $511.5 millionAdjusted EBITDA1 was $22.7 millionLoss per share was $0.46; Non-GAAP loss per share1 was $0.15Reaffirms full year 2024 outlook for revenue and adjusted EBITDA and raises outlook for non-GAAP EPS on lower estimated tax rateKey Business Highlights2: Aaron's Business recurring revenue written increased 2.3% driven by 6.8% growth in leas
ATLANTA, May 6, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.125 per share and declared such dividend payable on July 3, 2024, to shareholders of record as of the close of business on June 14, 2024. About The Aaron's Company, Inc. Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase
ATLANTA, April 15, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE:AAN, ", the Company", ))), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will host a conference call and webcast on Tuesday, May 7, 2024, at 8:30 a.m. Eastern Time to discuss its first quarter 2024 financial results. The Company will issue its earnings release after the market closes on Monday, May 6, 2024. Chief Executive Officer Douglas A. Lindsay will host the earnings call along with President Steve Olsen and Chief Financial Officer C. Kelly Wall. Th
ATLANTA, Feb. 26, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.125 per share and declared such dividend payable on April 3, 2024, to shareholders of record as of the close of business on March 14, 2024. About The Aaron's Company, Inc. Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail pu
ATLANTA, Sept. 13, 2023 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the appointment of Wangdali (Wali) Bacdayan and Kristine (Kris) K. Malkoski to its Board of Directors effective on October 1, 2023. "On behalf of the entire Board of Directors, I would like to welcome Wali and Kris as the newest members of the Aaron's board," said John Robinson, chair of The Aaron's Company Board of Directors. "We believe their strong backgrounds and independence make t
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BTIG Research initiated coverage of The Aaron's Company with a rating of Neutral
TD Cowen initiated coverage of The Aaron's Company with a rating of Market Perform and set a new price target of $7.00
Stephens upgraded The Aaron's Company from Equal-Weight to Overweight
Loop Capital downgraded The Aaron's Company from Buy to Hold and set a new price target of $14.00 from $15.00 previously
BofA Securities downgraded The Aaron's Company from Neutral to Underperform and set a new price target of $6.50
Truist resumed coverage of The Aaron's Company with a rating of Hold and set a new price target of $16.00
Stifel Nicolaus resumed coverage of The Aarons with a rating of Buy
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Fortress Biotech The Trade: Fortress Biotech, Inc. (NASDAQ:FBIO) President, CEO and Chairman Lindsay A MD Rosenwald acqui
During the last three months, 5 analysts shared their evaluations of Aarons (NYSE:AAN), revealing diverse outlooks from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $9.66, along with a high estimate of $10.10 and a low estimate of $8.00. This current average has increased b
Jefferies analyst Kyle Joseph downgrades Aarons (NYSE:AAN) from Buy to Hold and lowers the price target from $11 to $10.1.
Ratings for Aarons (NYSE:AAN) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $9.55, a high estimate of $10.10, and a low estimate of $8.00. Surpassi
Loop Capital analyst Anthony Chukumba maintains Aarons (NYSE:AAN) with a Hold and raises the price target from $8 to $10.
Truist Securities analyst Scot Ciccarelli maintains Aarons (NYSE:AAN) with a Hold and raises the price target from $8 to $10.1.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, but the index remained in the “Fear” zone on Monday. U.S. stocks recorded gains on Monday, with the S&P 500 settling at a fresh record high level during the session. The S&P 500 and Nasdaq notched their seventh weekly surge in eight weeks. On the economic data front, the NY Empire State Manufacturing Index rose to -6 in June versus a reading of -15.6 in May and coming in better than market expectations of -12.50. Shares of The Aaron's Company, Inc. (NYSE:AAN) jumped around 33% on Monday after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings
There’s an old saying on Wall Street - "Gaps refill." It’s true, and it can be seen on the chart of Aaron’s Holdings Company, Inc. (NYSE:AAN). In this article, we will explain why it’s true and why it happens. An important dynamic in the financial markets is price levels that had previously been support converting into resistance. This occurs due to buyer’s remorse. People buy, and then regret doing so if the price falls below the price they paid. Some decide to get out if the price rises back to their entry level, and they can sell at breakeven. As a result, if the stock rallies back up to their buy price, they place sell orders at that level. If there are enough sell orders, it will caus
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite surging over 200 points on Monday. The Dow traded up 0.57% to 38,807.47 while the NASDAQ rose 1.22% to 17,904.35. The S&P 500 also rose, gaining, 0.95% to 5,483.45. Check This Out: Top 4 Risk Off Stocks That May Rocket Higher In Q2 Leading and Lagging SectorsConsumer staples shares jumped by 1.5% on Monday. In trading on Monday, real estate shares fell by 0.6%. Top Headline The NY Empire State Manufacturing Index rose to -6 in June versus a reading of -15.6 in May and coming in better than market expectations of -12.50. Equities Trading UP Mustang Bio, Inc. (NASDAQ:M
Shares of Ovid Therapeutics Inc (NASDAQ:OVID) dipped 65.7% to $1.1285 after Takeda’s Skyline study in Dravet syndrome missed its primary endpoint. Takeda Pharmaceutical Co Ltd (NYSE:TAK) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS). AMMO shares dipped 19.1% to $2.0306 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Interactive Strength Inc. (NASDAQ:TRNR) shares climbed 148% to $7.07 after dipping 19% on Friday. Mustang Bio, Inc. (NASDAQ:MBIO) shares jumped 145% to $0.32 after the company announced safety and efficacy da