Wedge Capital Management L L P NC Sells 16,869 Shares of Aaron’s Holdings Company, Inc. $PRG

Wedge Capital Management L L P NC reduced its stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 14.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 96,689 shares of the company’s stock after selling 16,869 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Aaron’s were worth $3,129,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Breach Inlet Capital Management LLC increased its stake in Aaron’s by 140.7% during the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock worth $18,722,000 after acquiring an additional 411,459 shares during the period. Millennium Management LLC increased its position in shares of Aaron’s by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after purchasing an additional 259,630 shares during the period. Assenagon Asset Management S.A. acquired a new position in Aaron’s in the second quarter valued at about $6,191,000. Wellington Management Group LLP lifted its position in Aaron’s by 46.4% during the first quarter. Wellington Management Group LLP now owns 617,624 shares of the company’s stock worth $16,429,000 after purchasing an additional 195,855 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in Aaron’s by 81.0% during the second quarter. Bridgeway Capital Management LLC now owns 248,624 shares of the company’s stock worth $7,297,000 after buying an additional 111,277 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. TD Cowen lowered their price objective 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 assumed coverage on Aaron’s in a report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price on the stock. 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 research note on Friday, November 21st. Finally, Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Aaron’s presently has a consensus rating of “Moderate Buy” and an average price target of $41.71.

Aaron’s Stock Performance

NYSE PRG opened at $30.27 on Tuesday. The firm’s fifty day moving average price is $29.51 and its two-hundred day moving average price is $31.08. The stock has a market cap of $1.20 billion, a PE ratio of 7.68 and a beta of 1.74. 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 fifty-two week low of $23.50 and a fifty-two week high of $44.42.

Aaron’s (NYSE:PRG) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 earnings per share 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 company had revenue of $595.11 million for the quarter, compared to the consensus estimate of $586.11 million. During the same quarter last year, the business posted $0.77 EPS. Aaron’s’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. On average, equities analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Dividend Announcement

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

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.