Aaron’s (NYSE:PRG) Price Target Cut to $38.00 by Analysts at TD Cowen

Aaron’s (NYSE:PRG) had its price target lowered by equities research analysts at TD Cowen from $41.00 to $38.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 23.72% from the stock’s previous close.

A number of other research analysts have also commented on PRG. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. B. Riley started coverage on Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price on the stock. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research note on Friday, November 21st. Finally, Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a research note on Sunday, December 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Aaron’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.83.

Aaron’s Stock Performance

Aaron’s stock traded up $0.72 during midday trading on Thursday, reaching $30.72. 79,887 shares of the company’s stock were exchanged, compared to its average volume of 284,584. The stock’s 50-day simple moving average is $29.17 and its 200 day simple moving average is $31.16. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 7.80 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74. Aaron’s has a 52 week low of $23.50 and a 52 week high of $44.42.

Aaron’s (NYSE:PRG) last issued its earnings results on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.The company had revenue of $595.11 million during the quarter, compared to the consensus estimate of $586.11 million. During the same period in the previous year, the company posted $0.77 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. 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, analysts expect that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Aaron’s

A number of hedge funds and other institutional investors have recently modified their holdings of PRG. Yousif Capital Management LLC increased its holdings in Aaron’s by 2.3% in the 2nd quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock worth $519,000 after purchasing an additional 390 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Aaron’s by 4.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,360 shares of the company’s stock valued at $304,000 after buying an additional 418 shares during the period. GAMMA Investing LLC raised its holdings in Aaron’s by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after buying an additional 447 shares during the last quarter. Legato Capital Management LLC raised its holdings in Aaron’s by 1.2% in the 3rd quarter. Legato Capital Management LLC now owns 48,451 shares of the company’s stock valued at $1,568,000 after buying an additional 564 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Aaron’s by 2.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,395 shares of the company’s stock worth $687,000 after buying an additional 567 shares during the period. Institutional investors own 97.92% of the company’s stock.

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.