Aaron's (AAN) is Initiated by Topeka Capital Markets to Buy, Price Target at $30

Aaron's (AAN) was Initiated by Topeka Capital Markets to “Buy” and the brokerage firm has set the Price Target at $30. Topeka Capital Markets advised their investors in a research report released on May 24, 2016.

Many Wall Street Analysts have commented on Aaron's. Sidoti Initiated Aaron's on Apr 13, 2016 to “Buy”, Price Target of the shares are set at $33.

On the company’s financial health, Aaron's reported $0.71 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.75. The company had revenue of $854.40 million for the quarter, compared to analysts expectations of $861.34 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Aaron's closed down -0.11 points or -0.46% at $23.67 with 12,04,402 shares getting traded on Friday. Post opening the session at $23.78, the shares hit an intraday low of $23.47 and an intraday high of $23.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 21, 2016, Curtis Linn Doman (CTO Progressive Leasing) purchased 3,000 shares at $23.75 per share price. According to the SEC, on Mar 8, 2016, Ryan K Woodley (CEO) purchased 4,000 shares at $23.64 per share price. On Mar 8, 2016, Steven A Michaels (CFO) purchased 3,000 shares at $23.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Aaron’s Inc. (Aaron’s) is a specialty retailer of furniture consumer electronics computers appliances and household accessories. The Company operates through five segments: The Aaron’s Sales and Lease Ownership segment which offers furniture electronics appliances and computers to consumers on a monthly payment basis; Progressive which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment which offers furniture electronics appliances and computers to consumers on a weekly payment basis; Franchise which awards franchises and supports franchisees of its sales and lease ownership concept and Manufacturing segment which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores. Its products include flat-screen televisions computers tablets living room dining room and bedroom furniture among others. Its brands include Samsung Frigidaire Hewlett-Packard LG Maytag RCA and JVC.


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