Aaron’s Holdings Company, Inc. (NYSE:PRG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.3333.

Several equities analysts recently issued reports on the company. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target on the stock in a research report on Friday, November 21st. Wall Street Zen upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, November 28th. TD Cowen decreased their target price on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PRG. First Trust Advisors LP increased its position in Aaron’s by 451.1% during the 3rd quarter. First Trust Advisors LP now owns 702,781 shares of the company’s stock valued at $22,742,000 after purchasing an additional 575,255 shares during the period. LSV Asset Management lifted its position in shares of Aaron’s by 172.0% in the 3rd quarter. LSV Asset Management now owns 842,274 shares of the company’s stock worth $27,256,000 after purchasing an additional 532,593 shares during the period. UBS Group AG boosted its stake in shares of Aaron’s by 102.4% during the 3rd quarter. UBS Group AG now owns 823,663 shares of the company’s stock valued at $26,654,000 after purchasing an additional 416,658 shares in the last quarter. Breach Inlet Capital Management LLC increased its position in shares of Aaron’s by 140.7% during the first quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock valued at $18,722,000 after buying an additional 411,459 shares during the period. Finally, Nuveen LLC bought a new position in Aaron’s in the first quarter worth about $10,770,000. Institutional investors own 97.92% of the company’s stock.

Aaron’s Stock Performance

Aaron’s stock opened at $29.13 on Tuesday. The firm has a fifty day simple moving average of $29.67 and a two-hundred day simple moving average of $30.97. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s has a twelve month low of $23.50 and a twelve month high of $48.82. The company has a market capitalization of $1.15 billion, a PE ratio of 7.39 and a beta of 1.74.

Aaron’s (NYSE:PRG) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.The firm had revenue of $595.11 million for the quarter, compared to analysts’ expectations of $586.11 million. During the same period last year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS and its Q4 2025 guidance at 0.550-0.650 EPS. Research analysts expect that Aaron’s will post 3.45 EPS for the current year.

Aaron’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, November 18th. Aaron’s’s dividend payout ratio is currently 13.20%.

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.