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The Aarons Company (NYSE: AAN) shares are trading higher after the company reported better-than-expected first-quarter EPS and sales results.
Aarons reported quarterly earnings of $1.24 per share, which beat the analyst consensus estimate of 56 cents by 121%. The company reported quarterly sales of $481.05 million, which beat the analyst consensus estimate of $428.35 million by 12%.
The Aarons Co Inc is a speciality retailer which has developed a unique lease-to-own model. It serves the customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories at best deal with the highest quality products.
The stock was trading 21.07% higher at $32 at the time of writing. The stock has a 52-week high of $32.92 and a 52-week low of $16.20.
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Berenberg Bank analyst Alex Maroccia maintained a Buy rating on Aaron’s Company (AAN – Research Report) today and set a price target of $28.00. The company’s shares closed last Tuesday at $30.65.
According to TipRanks.com, Maroccia is a 5-star analyst with an average return of 45.3% and a 84.4% success rate. Maroccia covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Fox Factory Holding.
Currently, the analyst consensus on Aaron’s Company is a Moderate Buy with an average price target of $27.33, which is a -9.7% downside from current levels. In a report issued on April 12, Jefferies also maintained a Buy rating on the stock with a $30.00 price target.