Raymond James Keeps a Buy Rating on Aaron’s (AAN)


In a report released today, Bobby Griffin from Raymond James maintained a Buy rating on Aaron’s (AAN). The company’s shares closed last Thursday at $62.70, close to its 52-week high of $64.11.

According to TipRanks.com, Griffin is a 5-star analyst with an average return of 32.0% and a 76.7% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Alimentation Couche Tard, Bed Bath & Beyond, and Williams-Sonoma.

Currently, the analyst consensus on Aaron’s is a Strong Buy with an average price target of $76.71.

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The company has a one-year high of $64.11 and a one-year low of $13.01. Currently, Aaron’s has an average volume of 533.3K.

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Aaron’s, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom furniture, washers, dryers, and refrigerators. The company operates through the following business segments: Progressive Leasing, Aaron’s Business and Vive. The Progressive Leasing segment provides lease-purchase solutions on a variety of products, including furniture and appliance, jewelry, mobile phones and accessories, mattress, and automobile electronics and accessories. The Aaron’s Business segment offers furniture, home appliances, consumer electronics and accessories to consumers with a lease-to-own agreement. The Vive segment offers a variety of second-look financing programs originated through third-party federally insured banks to customers of participating merchants and, together with Progressive Leasing, allows the Company to provide retail partners. The company was founded by R. Charles Loudermilk, Sr. in 1955 and is headquartered in Atlanta, GA.

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