Aaron’s Holdings Company, Inc. $PRG Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 37.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,702 shares of the company’s stock after purchasing an additional 36,013 shares during the quarter. Wedge Capital Management L L P NC owned about 0.34% of Aaron’s worth $3,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Aaron’s by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the company’s stock valued at $53,000 after acquiring an additional 563 shares during the period. WealthCollab LLC increased its holdings in Aaron’s by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after buying an additional 800 shares during the last quarter. CWM LLC boosted its stake in shares of Aaron’s by 85.1% during the 3rd quarter. CWM LLC now owns 5,258 shares of the company’s stock worth $170,000 after acquiring an additional 2,417 shares in the last quarter. Cim Investment Management Inc. acquired a new position in shares of Aaron’s during the 2nd quarter valued at about $191,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Aaron’s in the third quarter valued at approximately $204,000. Institutional investors own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PRG shares. TD Cowen boosted their target price on shares of Aaron’s from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. Zacks Research raised shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Finally, B. Riley Financial assumed 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 for the company. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.80.

Aaron’s Price Performance

Shares of PRG opened at $28.45 on Monday. The firm has a market capitalization of $1.13 billion, a PE ratio of 7.90 and a beta of 1.71. The stock has a 50 day simple moving average of $32.74 and a 200 day simple moving average of $31.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.32 and a current ratio of 4.71. Aaron’s Holdings Company, Inc. has a 52-week low of $23.50 and a 52-week high of $41.14.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.74 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $581.82 million. During the same quarter last year, the company posted $0.80 earnings per share. The company’s revenue for the quarter 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. Sell-side analysts predict that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 12th were paid a $0.14 dividend. This is a boost from Aaron’s’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 12th. This represents a $0.56 annualized dividend and a yield of 2.0%. Aaron’s’s dividend payout ratio is presently 15.56%.

Aaron’s 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.