Aaron’s (NYSE:PRG) Rating Increased to Buy at Wall Street Zen

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 Saturday.

A number of other brokerages also recently issued reports on PRG. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective 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. TD Cowen reduced their price target on Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, B. Riley Financial assumed coverage on Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.83.

Aaron’s Trading Up 0.4%

Shares of NYSE:PRG opened at $40.58 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 11.27 and a beta of 1.73. The company has a current ratio of 4.71, a quick ratio of 2.65 and a debt-to-equity ratio of 0.80. Aaron’s has a 12-month low of $23.50 and a 12-month high of $41.14. The business’s fifty day simple moving average is $32.31 and its 200-day simple moving average is $31.89.

Aaron’s (NYSE:PRG) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The firm had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. During the same period in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. As a group, equities research analysts predict that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aaron’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Aaron’s by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the company’s stock worth $53,792,000 after buying an additional 1,483,751 shares during the last quarter. State Street Corp raised its position in Aaron’s by 5.6% during the fourth quarter. State Street Corp now owns 1,679,355 shares of the company’s stock valued at $49,524,000 after acquiring an additional 89,035 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Aaron’s by 18.9% in the third quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock valued at $38,428,000 after acquiring an additional 188,835 shares during the period. LSV Asset Management boosted its position in Aaron’s by 37.7% in the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the company’s stock worth $34,205,000 after purchasing an additional 317,600 shares in the last quarter. Finally, UBS Group AG boosted its position in Aaron’s by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the company’s stock worth $26,654,000 after purchasing an additional 416,658 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

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.