Aaron’s Holdings Company, Inc. (NYSE:PRG) Receives $38.67 Average PT from Brokerages

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $38.6667.

Several analysts recently issued reports on PRG shares. Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective on the stock in a research note on Friday, November 21st. TD Cowen decreased 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. B. Riley began coverage on shares of Aaron’s in a report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th.

Aaron’s Price Performance

PRG stock opened at $29.85 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The company’s 50-day moving average is $29.19 and its 200-day moving average is $31.15. The stock has a market capitalization of $1.18 billion, a PE ratio of 7.58 and a beta of 1.75. Aaron’s has a 1 year low of $23.50 and a 1 year high of $44.42.

Aaron’s (NYSE:PRG) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.The business had revenue of $595.11 million for the quarter, compared to the consensus estimate of $586.11 million. During the same period in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. 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. Equities research analysts expect that Aaron’s will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.7%. Aaron’s’s dividend payout ratio is 13.20%.

Hedge Funds Weigh In On Aaron’s

Several large investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in shares of Aaron’s by 451.1% in the 3rd quarter. First Trust Advisors LP now owns 702,781 shares of the company’s stock worth $22,742,000 after acquiring an additional 575,255 shares in the last quarter. LSV Asset Management boosted its holdings in Aaron’s by 172.0% during the third quarter. LSV Asset Management now owns 842,274 shares of the company’s stock worth $27,256,000 after purchasing an additional 532,593 shares during the last quarter. UBS Group AG grew its position in Aaron’s by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the company’s stock worth $26,654,000 after purchasing an additional 416,658 shares in the last quarter. Millennium Management LLC increased its stake in Aaron’s by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after buying an additional 259,630 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Aaron’s during the 2nd quarter worth approximately $6,191,000. 97.92% of the stock is currently owned by institutional investors.

About Aaron’s

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.