Aaron’s (NYSE:PRG) Stock Rating Lowered by Wall Street Zen

Aaron’s (NYSE:PRG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts also recently issued research reports about the company. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price for the company in a research note on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. TD Cowen reduced their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, B. Riley began coverage on Aaron’s in a research report on Tuesday. They issued a “buy” rating and a $50.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.71.

Aaron’s Stock Performance

Shares of PRG stock opened at $29.98 on Friday. The firm’s 50 day moving average is $29.52 and its 200 day moving average is $31.05. The stock has a market capitalization of $1.19 billion, a P/E ratio of 7.61 and a beta of 1.75. Aaron’s has a 12 month low of $23.50 and a 12 month high of $44.42. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85.

Aaron’s (NYSE:PRG) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Aaron’s’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. 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. On average, sell-side analysts anticipate that Aaron’s will post 3.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in shares of 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 during the last quarter. Nuveen LLC bought a new stake in Aaron’s in the first quarter valued at approximately $10,770,000. Wellington Management Group LLP boosted its stake in shares of Aaron’s by 46.4% during the first quarter. Wellington Management Group LLP now owns 617,624 shares of the company’s stock valued at $16,429,000 after purchasing an additional 195,855 shares during the period. Quantbot Technologies LP grew its holdings in shares of Aaron’s by 578.3% in the first quarter. Quantbot Technologies LP now owns 41,089 shares of the company’s stock worth $1,093,000 after purchasing an additional 35,031 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Aaron’s in the first quarter worth $964,000. 97.92% of the stock is owned by institutional investors.

About Aaron’s

PROG Holdings, Inc (NYSE: PRG), formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.