PROG Holdings, Inc (NYSE:PRG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

PROG Holdings, Inc (NYSE:PRG) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.70.

A number of equities analysts have recently weighed in on PRG shares. TD Cowen upped their target price on PROG from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 target price on shares of PROG in a report on Thursday, April 30th. Weiss Ratings downgraded PROG from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of PROG in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded PROG from a “buy” rating to a “strong-buy” rating in a report on Saturday.

PROG Price Performance

Shares of PRG opened at $35.24 on Tuesday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.63 and a beta of 1.82. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41. The business’s 50-day moving average is $32.53 and its 200-day moving average is $31.81.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. The company had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Equities research analysts expect that PROG will post 4.7 EPS for the current fiscal year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. PROG’s payout ratio is currently 15.30%.

Institutional Investors Weigh In On PROG

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of PROG by 436.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after buying an additional 1,483,751 shares during the last quarter. State Street Corp lifted its holdings in shares of PROG by 5.6% during the 4th quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock valued at $49,524,000 after buying an additional 89,035 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of PROG by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the fintech holding company’s stock valued at $38,428,000 after buying an additional 188,835 shares during the last quarter. LSV Asset Management lifted its holdings in shares of PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after buying an additional 317,600 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of PROG by 588.0% during the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock valued at $24,100,000 after buying an additional 717,932 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

About PROG

PROG Holdings, Inc, 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.