Aaron’s (NYSE:PRG) Stock Rating Upgraded by Wall Street Zen

Aaron’s (NYSE:PRG) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts also recently commented on PRG. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a research report on Friday, November 21st. TD Cowen dropped their target price on Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, B. Riley began coverage on Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Aaron’s has a consensus rating of “Moderate Buy” and a consensus price target of $41.71.

Aaron’s Stock Up 0.1%

PRG opened at $30.52 on Friday. Aaron’s has a 52 week low of $23.50 and a 52 week high of $44.42. The company has a market cap of $1.21 billion, a PE ratio of 7.75 and a beta of 1.74. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $29.40 and a two-hundred day moving average price of $31.11.

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

Institutional Investors Weigh In On Aaron’s

Hedge funds and other institutional investors have recently modified their holdings of the company. Yousif Capital Management LLC grew its stake in Aaron’s by 2.3% in the 2nd quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock valued at $519,000 after purchasing an additional 390 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Aaron’s by 4.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,360 shares of the company’s stock worth $304,000 after purchasing an additional 418 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Aaron’s by 66.2% in the 2nd 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 last quarter. Legato Capital Management LLC raised its position in Aaron’s by 1.2% during the third quarter. Legato Capital Management LLC now owns 48,451 shares of the company’s stock valued at $1,568,000 after purchasing an additional 564 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Aaron’s by 2.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 23,395 shares of the company’s stock worth $687,000 after buying an additional 567 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.