Aaron’s Holdings Company, Inc. (NYSE:PRG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Aaron’s Holdings Company, Inc. (NYSE:PRG) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $38.8333.

A number of research analysts recently commented on the stock. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research report on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. Wall Street Zen lowered Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. TD Cowen reduced their target price on Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Finally, B. Riley began coverage on Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price for the company.

Institutional Trading of Aaron’s

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new position in shares of Aaron’s during the second quarter worth about $27,000. GAMMA Investing LLC lifted its position in Aaron’s by 66.2% during the 2nd 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. Whittier Trust Co. grew its stake in shares of Aaron’s by 157.6% in the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after purchasing an additional 851 shares during the last quarter. WealthCollab LLC increased its holdings in shares of Aaron’s by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after purchasing an additional 800 shares during the period. Finally, CWM LLC increased its holdings in shares of Aaron’s by 225.4% in the second quarter. CWM LLC now owns 2,841 shares of the company’s stock valued at $83,000 after purchasing an additional 1,968 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $32.94 on Wednesday. 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 52 week low of $23.50 and a 52 week high of $44.42. The firm’s 50 day moving average is $30.40 and its two-hundred day moving average is $31.42. The firm has a market capitalization of $1.30 billion, a P/E ratio of 8.36 and a beta of 1.75.

Aaron’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, November 18th. Aaron’s’s dividend payout ratio is presently 13.20%.

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.