Analyst Rating Update on Aarons (AAN)

Aarons (NYSE:AAN) : 5 brokerage houses believe that Aarons (NYSE:AAN) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Aarons (NYSE:AAN). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.

Aarons (NYSE:AAN) : Currently there are 6 street experts covering Aarons (NYSE:AAN) stock. The most bullish and bearish price target for the stock is $35 and $30 respectively for the short term. The average price target of all the analysts comes to $32.42. The estimated standard deviation from the target is $2.06.

For the current week, the company shares have a recommendation consensus of Buy. Also, Topeka Capital initiates coverage on Aarons (NYSE:AAN) Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 24, 2016.

Aarons (NYSE:AAN): stock turned positive on Tuesday. Though the stock opened at $21.27, the bulls momentum made the stock top out at $21.52 level for the day. The stock recorded a low of $20.99 and closed the trading day at $21.19, in the green by 0.43%. The total traded volume for the day was 1,058,887. The stock had closed at $21.1 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (CTO Progressive Leasing) of Aarons Inc, Doman Curtis Linn, had purchased 3,000 shares in a transaction dated on March 17, 2016. The transaction was executed at $23.75 per share with total amount equaling $71,250.

Aarons, Inc. (Aarons) is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company operates through five segments: The Aarons 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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