Hsbc Holdings PLC Sells 24,312 Shares of Aaron’s Holdings Company, Inc. $PRG

Hsbc Holdings PLC reduced its position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 57.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,373 shares of the company’s stock after selling 24,312 shares during the quarter. Hsbc Holdings PLC’s holdings in Aaron’s were worth $487,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Quantbot Technologies LP grew its stake in shares of Aaron’s by 578.3% during the 1st quarter. Quantbot Technologies LP now owns 41,089 shares of the company’s stock valued at $1,093,000 after purchasing an additional 35,031 shares during the period. Wellington Management Group LLP lifted its position in shares of Aaron’s by 46.4% during the 1st quarter. Wellington Management Group LLP now owns 617,624 shares of the company’s stock valued at $16,429,000 after buying an additional 195,855 shares in the last quarter. Versor Investments LP purchased a new position in shares of Aaron’s during the 1st quarter valued at about $432,000. Fox Run Management L.L.C. lifted its position in shares of Aaron’s by 176.3% during the 1st quarter. Fox Run Management L.L.C. now owns 18,119 shares of the company’s stock valued at $482,000 after buying an additional 11,561 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Aaron’s by 785.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock valued at $28,000 after buying an additional 927 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PRG shares. Wall Street Zen raised Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. BTIG Research cut Aaron’s from a “neutral” rating to a “sell” rating and set a $24.00 price objective on the stock. in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Aaron’s Stock Up 0.6%

Shares of PRG opened at $35.21 on Tuesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 6.96 and a beta of 1.77. Aaron’s Holdings Company, Inc. has a 1 year low of $23.50 and a 1 year high of $50.28. The business’s 50 day simple moving average is $31.56 and its 200-day simple moving average is $29.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82.

Aaron’s (NYSE:PRG) last released its earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. The firm had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. Aaron’s had a return on equity of 22.54% and a net margin of 8.53%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. 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 analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron’s Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. Aaron’s’s payout ratio is currently 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.