Aaron’s Holdings Company, Inc. (NYSE:PRG) Receives $41.50 Average Target Price from Analysts

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.50.

A number of equities analysts have recently issued reports on PRG shares. Wall Street Zen downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. Finally, BTIG Research restated a “sell” rating and issued a $27.00 target price on shares of Aaron’s in a research note on Friday, October 10th.

Institutional Investors Weigh In On Aaron’s

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new position in Aaron’s during the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Aaron’s by 785.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock worth $28,000 after purchasing an additional 927 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Aaron’s by 66.2% during the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after purchasing an additional 447 shares in the last quarter. Whittier Trust Co. grew its stake in Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after acquiring an additional 851 shares in the last quarter. Finally, WealthCollab LLC grew its stake in Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after acquiring an additional 800 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Aaron’s Stock Performance

Aaron’s stock opened at $32.61 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. Aaron’s has a 1-year low of $23.50 and a 1-year high of $49.90. The firm has a market capitalization of $1.29 billion, a P/E ratio of 6.44 and a beta of 1.79. The company’s 50-day moving average is $33.61 and its 200 day moving average is $30.46.

Aaron’s (NYSE:PRG) last issued its 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 business had revenue of $595.11 million for the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a net margin of 8.53% and a return on equity of 22.54%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Research analysts forecast that Aaron’s will post 3.45 EPS for the current year.

Aaron’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Aaron’s’s dividend payout ratio (DPR) is 10.28%.

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.