Islay Capital Management LLC Lowers Position in Aaron’s Holdings Company, Inc. $PRG

Islay Capital Management LLC trimmed its position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 55.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,713 shares of the company’s stock after selling 19,531 shares during the quarter. Islay Capital Management LLC’s holdings in Aaron’s were worth $508,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Aaron’s by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the company’s stock valued at $955,000 after purchasing an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Aaron’s by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company’s stock worth $648,000 after purchasing an additional 1,162 shares in the last quarter. Millennium Management LLC lifted its position in Aaron’s by 62.7% during the first 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 during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Aaron’s by 5.4% during 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 in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Aaron’s in the 1st quarter worth about $233,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Aaron’s Trading Up 0.4%

Shares of NYSE PRG opened at $34.16 on Friday. The firm’s 50 day moving average price is $33.23 and its 200-day moving average price is $32.07. Aaron’s Holdings Company, Inc. has a 52-week low of $23.50 and a 52-week high of $41.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.32 and a current ratio of 4.71. The company has a market cap of $1.35 billion, a PE ratio of 9.49 and a beta of 1.71.

Aaron’s (NYSE:PRG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share 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 company had revenue of $525.36 million during the quarter, compared to analyst estimates of $581.82 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. 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. On average, equities research analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Thursday, March 12th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. This is a boost from Aaron’s’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, March 12th. Aaron’s’s payout ratio is 15.56%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PRG shares. 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, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. B. Riley Financial assumed coverage on Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price target 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 upgraded Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $40.80.

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.