Vanguard Group Inc. Reduces Holdings in Aaron’s Holdings Company, Inc. $PRG

Vanguard Group Inc. lowered its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,660,810 shares of the company’s stock after selling 192,856 shares during the quarter. Vanguard Group Inc. owned about 11.79% of Aaron’s worth $150,824,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in Aaron’s by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock valued at $38,428,000 after purchasing an additional 188,835 shares during the period. LSV Asset Management increased its holdings in Aaron’s by 172.0% during the third quarter. LSV Asset Management now owns 842,274 shares of the company’s stock valued at $27,256,000 after buying an additional 532,593 shares during the period. Ameriprise Financial Inc. increased its holdings in Aaron’s by 12.1% during the second quarter. Ameriprise Financial Inc. now owns 747,718 shares of the company’s stock valued at $21,946,000 after buying an additional 80,434 shares during the period. Millennium Management LLC lifted its holdings in Aaron’s by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after buying an additional 259,630 shares during the period. Finally, Palisade Capital Management LP boosted its position in Aaron’s by 9.4% during the 2nd quarter. Palisade Capital Management LP now owns 631,744 shares of the company’s stock valued at $18,542,000 after acquiring an additional 54,388 shares in the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on PRG shares. B. Riley Financial started coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 price target for the company. Zacks Research raised shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research report on Friday, November 21st. Wall Street Zen raised Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, TD Cowen dropped their price target on Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $40.80.

Aaron’s Stock Performance

NYSE:PRG opened at $32.68 on Wednesday. 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 stock has a market capitalization of $1.29 billion, a PE ratio of 9.08 and a beta of 1.71. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $41.14. The company has a fifty day moving average of $33.09 and a two-hundred day moving average of $32.05.

Aaron’s (NYSE:PRG) last released its earnings results on Wednesday, February 18th. The company reported $0.74 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 business had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. During the same quarter in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue 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. As a group, research analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.14 per share. 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. This represents a $0.56 annualized dividend and a yield of 1.7%. Aaron’s’s dividend payout ratio is presently 14.44%.

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.