Charles Schwab Investment Management Inc. Has $21.71 Million Stock Position in Aaron’s Holdings Company, Inc. $PRG

Charles Schwab Investment Management Inc. reduced its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 816,087 shares of the company’s stock after selling 121,285 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.02% of Aaron’s worth $21,708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Aaron’s during the 4th quarter worth $4,577,000. Bank of America Corp DE lifted its position in shares of Aaron’s by 19.5% during the 4th quarter. Bank of America Corp DE now owns 144,466 shares of the company’s stock worth $6,105,000 after buying an additional 23,536 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Aaron’s during the 1st quarter worth $388,000. Wedge Capital Management L L P NC lifted its position in shares of Aaron’s by 41.9% during the 1st quarter. Wedge Capital Management L L P NC now owns 105,148 shares of the company’s stock worth $2,797,000 after buying an additional 31,073 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Aaron’s by 5.6% during the 4th quarter. Nuveen Asset Management LLC now owns 354,918 shares of the company’s stock worth $14,999,000 after buying an additional 18,843 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on PRG shares. KeyCorp dropped their price objective on Aaron’s from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. BTIG Research downgraded Aaron’s from a “neutral” rating to a “sell” rating and set a $24.00 price objective for the company. in a research report on Monday, July 14th. Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Loop Capital dropped their target price on Aaron’s from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Aaron’s Price Performance

Shares of PRG opened at $32.6240 on Friday. Aaron’s Holdings Company, Inc. has a 1 year low of $23.50 and a 1 year high of $50.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.45 and a beta of 1.75. The business has a 50-day moving average of $30.62 and a 200-day moving average of $29.77.

Aaron’s (NYSE:PRG) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. Aaron’s had a return on equity of 22.54% and a net margin of 8.53%.The company had revenue of $604.66 million during the quarter, compared to the consensus estimate of $586.25 million. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Aaron’s has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. As a group, equities research analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, August 19th. Aaron’s’s dividend payout ratio (DPR) is 10.28%.

Aaron’s Profile

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.