PROG Holdings, Inc (NYSE:PRG) Receives Average Rating of “Moderate Buy” from Analysts

PROG Holdings, Inc (NYSE:PRG) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $47.3571.

A number of research analysts recently issued reports on PRG shares. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday, July 1st. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a report on Thursday, April 30th. TD Cowen lifted their price target on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Zacks Research cut PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th.

PROG Trading Down 0.4%

PRG opened at $43.55 on Wednesday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.90 and a beta of 1.78. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. PROG has a twelve month low of $25.80 and a twelve month high of $47.73. The company has a 50-day simple moving average of $40.17 and a 200 day simple moving average of $35.03.

PROG (NYSE:PRG) last released its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.78 by $0.46. The firm had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Analysts predict that PROG will post 4.7 EPS for the current fiscal year.

PROG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s payout ratio is currently 15.30%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PRG. Royal Bank of Canada boosted its stake in shares of PROG by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock valued at $955,000 after purchasing an additional 6,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in PROG by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock worth $648,000 after purchasing an additional 1,162 shares in the last quarter. Millennium Management LLC lifted its stake in PROG by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in PROG by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock valued at $8,342,000 after purchasing an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in PROG in the 1st quarter valued at approximately $233,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

About PROG

PROG Holdings, Inc, 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.