Connor Clark & Lunn Investment Management Ltd. Invests $1.53 Million in Aaron’s Holdings Company, Inc. $PRG

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 52,175 shares of the company’s stock, valued at approximately $1,531,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.13% of Aaron’s at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allianz Asset Management GmbH increased its position in Aaron’s by 16.3% during the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company’s stock worth $24,129,000 after purchasing an additional 127,384 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Aaron’s during the first quarter valued at about $215,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Aaron’s during the first quarter worth $483,000. Invesco Ltd. grew its position in Aaron’s by 3.5% in the 1st quarter. Invesco Ltd. now owns 438,379 shares of the company’s stock valued at $11,661,000 after acquiring an additional 14,874 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Aaron’s during the 1st quarter worth approximately $577,000. Institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

PRG has been the subject of a number of recent research reports. BTIG Research increased their price target on shares of Aaron’s from $27.00 to $31.00 and gave the stock a “sell” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. Finally, TD Cowen cut their price target on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.33.

Aaron’s Price Performance

Shares of NYSE PRG opened at $27.74 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The firm has a market capitalization of $1.10 billion, a PE ratio of 7.04 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 $49.49. The business’s fifty day moving average price is $31.78 and its two-hundred day moving average price is $30.96.

Aaron’s (NYSE:PRG) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. The business had revenue of $595.11 million during the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. On average, research analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.9%. Aaron’s’s payout ratio is presently 13.20%.

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.