Geode Capital Management LLC Has $33.76 Million Position in Aaron’s Holdings Company, Inc. $PRG

Geode Capital Management LLC trimmed its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150,193 shares of the company’s stock after selling 8,733 shares during the quarter. Geode Capital Management LLC owned approximately 2.91% of Aaron’s worth $33,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PRG. Ameritas Advisory Services LLC acquired a new position in shares of Aaron’s during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in Aaron’s by 785.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock worth $28,000 after acquiring an additional 927 shares during the last quarter. GAMMA Investing LLC grew its position in Aaron’s by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after acquiring an additional 447 shares during the last quarter. Whittier Trust Co. increased its holdings in Aaron’s by 157.6% in the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock worth $41,000 after purchasing an additional 851 shares in the last quarter. Finally, CWM LLC raised its position in Aaron’s by 225.4% in the second quarter. CWM LLC now owns 2,841 shares of the company’s stock valued at $83,000 after purchasing an additional 1,968 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PRG shares. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target on the stock in a report on Friday, November 21st. TD Cowen cut their target price on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Aaron’s presently has a consensus rating of “Moderate Buy” and an average target price of $40.33.

Aaron’s Stock Up 0.0%

Shares of NYSE PRG opened at $29.20 on Thursday. The company’s 50 day moving average price is $30.49 and its 200-day moving average price is $30.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74. Aaron’s Holdings Company, Inc. has a 52-week low of $23.50 and a 52-week high of $49.49. The company has a market capitalization of $1.15 billion, a P/E ratio of 7.41 and a beta of 1.77.

Aaron’s (NYSE:PRG) last announced its 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. The business 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%. Aaron’s’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. 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 forecast that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, November 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.8%. Aaron’s’s dividend payout ratio is presently 13.20%.

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.