Aaron’s (NYSE:PRG) Price Target Raised to $31.00

Aaron’s (NYSE:PRG) had its price objective upped by BTIG Research from $27.00 to $31.00 in a report published on Thursday morning,Benzinga reports. They currently have a sell rating on the stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Aaron’s currently has a consensus rating of “Hold” and a consensus target price of $40.33.

Aaron’s Trading Down 0.4%

Shares of NYSE:PRG opened at $31.03 on Thursday. The company has a quick ratio of 2.82, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s has a 52-week low of $23.50 and a 52-week high of $49.90. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 7.87 and a beta of 1.79. The business has a 50-day moving average price of $33.51 and a 200-day moving average price of $30.60.

Aaron’s (NYSE:PRG) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The company had revenue of $595.11 million for the quarter, compared to the consensus estimate of $586.11 million. During the same quarter in the prior year, the company earned $0.77 EPS. Aaron’s’s quarterly revenue was down 1.8% on a year-over-year basis. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Equities analysts predict that Aaron’s will post 3.45 EPS for the current year.

Aaron’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 19th. Aaron’s’s dividend payout ratio is presently 13.20%.

Hedge Funds Weigh In On Aaron’s

A number of large investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new stake in Aaron’s in the first quarter valued at approximately $388,000. Allianz Asset Management GmbH lifted its position in shares of Aaron’s by 16.3% during the 1st quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company’s stock valued at $24,129,000 after buying an additional 127,384 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Aaron’s in the 1st quarter valued at $215,000. Y Intercept Hong Kong Ltd purchased a new stake in Aaron’s in the 1st quarter worth $483,000. Finally, Invesco Ltd. raised its position in Aaron’s by 3.5% during the first quarter. Invesco Ltd. now owns 438,379 shares of the company’s stock worth $11,661,000 after acquiring an additional 14,874 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.