Gilford Securities Reiterates Buy On Aaron's (AAN)

Gilford Securities is reiterating its Buy rating on Aaron's, Inc. (NYSE: AAN).

In a note to clients, Gilford writes, "Aaron's is the second largest rent-to-own operator in the United States and has a low-price provider strategy. This growth story is being driven by steady expansion of its store base, through company-owned and franchised sales and lease ownership (SLO) locations, as well as market share gains. Aaron's store base is approximately 60% of Rent-A-Center's and should drive annual store growth of 7% for the next several years, in our view."

Shares of AAN are up 53 cents in early market trading to $18.23, a gain of 3%.