Aaron’s (NYSE:PRG) Upgraded to Neutral at BTIG Research

Aaron’s (NYSE:PRG) was upgraded by BTIG Research from a “sell” rating to a “neutral” rating in a report issued on Friday,Benzinga reports.

PRG has been the subject of several other reports. TD Cowen cut their target price on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

Aaron’s Stock Up 0.7%

PRG stock opened at $26.51 on Friday. The company’s 50 day moving average is $31.05 and its 200 day moving average is $30.89. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 6.73 and a beta of 1.78. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85. Aaron’s has a 1-year low of $23.50 and a 1-year high of $49.49.

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

Hedge Funds Weigh In On Aaron’s

Several institutional investors and hedge funds have recently bought and sold shares of PRG. Ameritas Advisory Services LLC bought a new stake in Aaron’s in the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Aaron’s by 785.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock worth $28,000 after buying an additional 927 shares during the period. GAMMA Investing LLC increased its stake in shares of Aaron’s by 66.2% in the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after buying an additional 447 shares during the period. Whittier Trust Co. raised its holdings in Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after buying an additional 851 shares during the last quarter. Finally, WealthCollab LLC boosted its position in Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after buying an additional 800 shares during the period. 97.92% of the stock is currently owned by institutional investors.

About Aaron’s

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.