SunTrust Robinson Humphrey Maintains Aaron's to Neutral with Price Target $27.50

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Aaron's(NYSE:AAN). In a research note issued to the investors, the brokerage major Lowers the price-target to $27.50 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.

In a different note, Topeka Capital said it Initiates Coverage on Aaron's, according to a research note issued on May 24, 2016.

Aaron's (AAN) shares turned negative on Mondays trading session with the shares closing down -0.09 points or -0.36% at a volume of 3,20,746. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.93. The peak price level was also seen at $24.93 while the days lowest was $24.44. Finally the shares closed at $24.57. The 52-week high of the shares is $40.8 while the 52-week low is $20.24. According to the latest information available, the market cap of the company is $1,788 M.

Aaron's(AAN) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $789.35M. Analysts had an estimated revenue of $809.16M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, Curtis Linn Doman (CTO Progressive Leasing) purchased 3,000 shares at $23.75 per share price.Also, 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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