Aaron’s Holdings Company, Inc. (NYSE:PRG) Position Boosted by Yousif Capital Management LLC

Yousif Capital Management LLC increased its holdings in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 9.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,284 shares of the company’s stock after buying an additional 1,461 shares during the quarter. Yousif Capital Management LLC’s holdings in Aaron’s were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PRG. Blue Trust Inc. boosted its stake in Aaron’s by 38.6% during the 4th quarter. Blue Trust Inc. now owns 3,691 shares of the company’s stock valued at $156,000 after purchasing an additional 1,027 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Aaron’s by 1.0% during the 4th quarter. Principal Financial Group Inc. now owns 201,644 shares of the company’s stock worth $8,521,000 after acquiring an additional 2,015 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Aaron’s by 3.0% during the 4th quarter. New York State Common Retirement Fund now owns 187,300 shares of the company’s stock worth $7,915,000 after acquiring an additional 5,453 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Aaron’s by 36.8% during the 4th quarter. Allianz Asset Management GmbH now owns 779,716 shares of the company’s stock worth $32,951,000 after acquiring an additional 209,805 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. boosted its stake in shares of Aaron’s by 80.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 17,006 shares of the company’s stock worth $719,000 after acquiring an additional 7,562 shares in the last quarter. 97.92% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Brian Garner purchased 3,500 shares of Aaron’s stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $28.93 per share, for a total transaction of $101,255.00. Following the completion of the acquisition, the chief financial officer now owns 132,597 shares of the company’s stock, valued at $3,836,031.21. This trade represents a 2.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Steven A. Michaels acquired 14,000 shares of Aaron’s stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $29.03 per share, with a total value of $406,420.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,641 shares of the company’s stock, valued at approximately $16,246,378.23. The trade was a 2.57% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.21% of the company’s stock.

Aaron’s Price Performance

Shares of PRG stock opened at $27.88 on Friday. Aaron’s Holdings Company, Inc. has a 12-month low of $23.50 and a 12-month high of $50.28. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 5.71 and a beta of 1.79. The company has a quick ratio of 2.35, a current ratio of 4.98 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $27.94 and a 200-day moving average of $33.49.

Aaron’s (NYSE:PRG) last announced its earnings results on Wednesday, April 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.08. Aaron’s had a net margin of 8.38% and a return on equity of 23.11%. The firm had revenue of $684.09 million during the quarter, compared to analyst estimates of $678.23 million. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, May 20th. Aaron’s’s payout ratio is currently 10.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PRG. KeyCorp reduced their target price on Aaron’s from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Jefferies Financial Group lowered Aaron’s from a “buy” rating to a “hold” rating and cut their price objective for the stock from $58.00 to $29.00 in a report on Wednesday, February 26th. Finally, Loop Capital cut their price objective on Aaron’s from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $44.83.

About Aaron’s

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.