Aaron’s (NYSE:PRG) Upgraded by Wall Street Zen to Buy Rating

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

Other research analysts also recently issued reports about the company. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a report on Friday, November 21st. B. Riley initiated coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen lowered their price target on Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Aaron’s has an average rating of “Moderate Buy” and an average price target of $41.71.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $30.52 on Friday. 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 has a 1-year low of $23.50 and a 1-year high of $44.42. The company has a 50 day moving average of $29.43 and a 200-day moving average of $31.09. The company has a market cap of $1.21 billion, a PE ratio of 7.75 and a beta of 1.75.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The company had revenue of $595.11 million during the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. 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. As a group, equities research analysts forecast that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aaron’s

Several large investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd increased its position in shares of Aaron’s by 503.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 109,597 shares of the company’s stock valued at $3,217,000 after acquiring an additional 91,439 shares during the period. Strs Ohio purchased a new position in shares of Aaron’s during the first quarter worth $577,000. Assenagon Asset Management S.A. purchased a new position in shares of Aaron’s during the 2nd quarter valued at about $6,191,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Aaron’s by 33.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 42,578 shares of the company’s stock valued at $1,250,000 after buying an additional 10,700 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in Aaron’s by 2.3% during the second quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock worth $519,000 after acquiring an additional 390 shares during the period. 97.92% of the stock is owned by institutional investors.

Aaron’s Company Profile

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.