Aaron’s (NYSE:PRG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Aaron’s (NYSE:PRG) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other analysts also recently issued reports about the stock. TD Cowen dropped their price objective on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. B. Riley Financial started coverage on shares of Aaron’s in a report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. Finally, BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research note on Friday, November 21st. One equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Aaron’s Stock Up 0.4%

Shares of Aaron’s stock opened at $40.58 on Friday. Aaron’s has a 1 year low of $23.50 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.71 and a quick ratio of 2.65. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 11.27 and a beta of 1.73. The firm’s 50-day moving average is $32.31 and its two-hundred day moving average is $31.90.

Aaron’s (NYSE:PRG) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Aaron’s had a net margin of 5.97% and a return on equity of 20.99%. The firm had revenue of $525.36 million for the quarter, compared to the consensus estimate of $581.82 million. During the same quarter in the previous year, the firm earned $0.80 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. As a group, research analysts expect that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Aaron’s

A number of large investors have recently made changes to their positions in PRG. Royal Bank of Canada lifted its stake in Aaron’s by 23.4% during the first quarter. Royal Bank of Canada now owns 35,910 shares of the company’s stock worth $955,000 after purchasing an additional 6,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Aaron’s by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company’s stock worth $648,000 after buying an additional 1,162 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Aaron’s by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after buying an additional 259,630 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Aaron’s by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the company’s stock valued at $8,342,000 after buying an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in Aaron’s during the 1st quarter worth $233,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Aaron’s Company 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.