Analyst Price Target Update on Aarons (NYSE:AAN)

Aarons (NYSE:AAN): According to 6 Analysts, The short term target price has been estimated at $ 32.42.The target price could deviate by a maximum of $2.06 from the forecast price. In the near term, the target price could hit a high of $35 and a low of $ 30.

Many analysts have stated their opinion on the company shares. Topeka Capital initiates coverage on Aarons (NYSE:AAN).Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 24, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director officer (CTO Progressive Leasing) of Aarons Inc, Doman Curtis Linn had purchased shares worth of $71,250 in a transaction dated on March 17, 2016. A total of 3,000 shares were purchased at a price of $23.75 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Aarons (NYSE:AAN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.7 points or 2.95% at $23 with 926,735 shares getting traded. Post opening the session at $23.62, the shares hit an intraday low of $22.92 and an intraday high of $23.62 and the price was in this range throughout the day. The company has a market cap of $1,673 million and the number of outstanding shares have been calculated to be 72,750,329 shares. The 52-week high of Aarons (NYSE:AAN) is $40.8 and the 52-week low is $20.24.

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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