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

Aaron's (AAN) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $30. Jefferies advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, Aaron's reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.57. The company had revenue of $789.40 million for the quarter, compared to analysts expectations of $807.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Aaron's closed down -2.81 points or -10.97% at $22.81 with 16,93,786 shares getting traded on Tuesday. Post opening the session at $24.04, the shares hit an intraday low of $22.6 and an intraday high of $24.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 23, 2016, Robert H Yanker (director) purchased 40,000 shares at $25.29 per share price. According to the SEC, on Mar 21, 2016, Curtis Linn Doman (CTO Progressive Leasing) purchased 3,000 shares at $23.75 per share price. On Mar 8, 2016, Ryan K Woodley (CEO) purchased 4,000 shares at $23.64 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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