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

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.8333.

A number of brokerages have weighed in on PRG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a research note on Friday, November 21st. B. Riley started coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price on the stock. Finally, TD Cowen lowered their price target on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday.

Institutional Investors Weigh In On Aaron’s

A number of hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC purchased a new position in Aaron’s in the second quarter valued at about $27,000. GAMMA Investing LLC grew its position in shares of Aaron’s by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after buying an additional 447 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock worth $41,000 after acquiring an additional 851 shares in the last quarter. WealthCollab LLC lifted its position in Aaron’s by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC grew its holdings in Aaron’s by 225.4% in the second 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. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Aaron’s Stock Up 5.0%

NYSE:PRG opened at $32.29 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 8.19 and a beta of 1.75. Aaron’s has a twelve month low of $23.50 and a twelve month 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 stock has a fifty day simple moving average of $29.26 and a 200-day simple moving average of $31.19.

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

Aaron’s Announces Dividend

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