HB Wealth Management LLC Invests $675,000 in Aaron’s Holdings Company, Inc. $PRG

HB Wealth Management LLC bought a new stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,860 shares of the company’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC bought a new position in Aaron’s in the 2nd quarter worth approximately $27,000. GAMMA Investing LLC increased its position in Aaron’s by 66.2% during the second 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 period. Whittier Trust Co. raised its stake 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 purchasing an additional 851 shares during the last quarter. WealthCollab LLC boosted its holdings in Aaron’s by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after purchasing an additional 800 shares during the period. Finally, CWM LLC grew its position in Aaron’s by 225.4% in the 2nd quarter. CWM LLC now owns 2,841 shares of the company’s stock worth $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.

Aaron’s Trading Down 0.3%

PRG stock opened at $31.57 on Wednesday. Aaron’s Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $44.42. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $29.39 and its 200-day moving average is $31.25. The firm has a market cap of $1.25 billion, a P/E ratio of 8.01 and a beta of 1.75.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $586.11 million. During the same quarter in the previous year, the firm 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 and its Q4 2025 guidance at 0.550-0.650 EPS. Equities analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, November 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. Aaron’s’s dividend payout ratio (DPR) is 13.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday. 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 decreased their price objective on Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, B. Riley began coverage on Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Aaron’s 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.