KLP Kapitalforvaltning AS Sells 1,100 Shares of Aaron’s Holdings Company, Inc. $PRG

KLP Kapitalforvaltning AS lessened its stake in Aaron’s Holdings Company, Inc. (NYSE:PRGFree Report) by 12.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,900 shares of the company’s stock after selling 1,100 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Aaron’s were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PRG. Ameritas Advisory Services LLC bought a new position in Aaron’s during the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Aaron’s by 785.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock worth $28,000 after acquiring an additional 927 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Aaron’s by 66.2% in the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after acquiring an additional 447 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Aaron’s by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company’s stock worth $91,000 after acquiring an additional 413 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Aaron’s in the first quarter worth $215,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Aaron’s Stock Performance

PRG stock opened at $31.77 on Tuesday. The company has a market cap of $1.26 billion, a P/E ratio of 6.28 and a beta of 1.79. Aaron’s Holdings Company, Inc. has a 1 year low of $23.50 and a 1 year high of $49.90. 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 stock’s fifty day moving average price is $33.66 and its 200-day moving average price is $30.43.

Aaron’s (NYSE:PRGGet Free Report) last released its quarterly earnings results 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. 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% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts forecast 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 was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. Aaron’s’s dividend payout ratio (DPR) is 10.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PRG shares. Wall Street Zen lowered Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, BTIG Research reaffirmed a “sell” rating and issued a $27.00 price target on shares of Aaron’s in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

Check Out Our Latest Report on PRG

Aaron’s Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aaron's (NYSE:PRG)

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