Tudor Investment Corp ET AL lowered its holdings in Aaron’s Holdings Company, Inc. (NYSE:PRG – Free Report) by 35.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,415 shares of the company’s stock after selling 85,867 shares during the period. Tudor Investment Corp ET AL’s holdings in Aaron’s were worth $5,029,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Allianz Asset Management GmbH increased its position in shares of Aaron’s by 18.9% in the third quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock worth $38,428,000 after acquiring an additional 188,835 shares in the last quarter. LSV Asset Management grew its holdings in Aaron’s by 172.0% during the 3rd quarter. LSV Asset Management now owns 842,274 shares of the company’s stock valued at $27,256,000 after purchasing an additional 532,593 shares in the last quarter. UBS Group AG grew its holdings in Aaron’s by 102.4% during the 3rd quarter. UBS Group AG now owns 823,663 shares of the company’s stock valued at $26,654,000 after purchasing an additional 416,658 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Aaron’s by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 756,270 shares of the company’s stock valued at $24,473,000 after purchasing an additional 8,552 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Aaron’s by 451.1% during the 3rd quarter. First Trust Advisors LP now owns 702,781 shares of the company’s stock valued at $22,742,000 after purchasing an additional 575,255 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.
Aaron’s Price Performance
Shares of PRG stock opened at $29.13 on Thursday. The firm has a market cap of $1.15 billion, a P/E ratio of 8.09 and a beta of 1.81. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.71 and a quick ratio of 2.32. Aaron’s Holdings Company, Inc. has a 1-year low of $23.89 and a 1-year high of $41.14. The firm has a fifty day moving average of $32.04 and a two-hundred day moving average of $31.05.
Aaron’s Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 12th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, March 12th. This is an increase from Aaron’s’s previous quarterly dividend of $0.13. Aaron’s’s payout ratio is 15.56%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on PRG shares. Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. B. Riley Financial started coverage on shares of Aaron’s in a report on Tuesday, December 16th. They set a “buy” rating and a $50.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. TD Cowen raised their price target on shares of Aaron’s from $42.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Finally, Zacks Research raised shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $41.80.
Get Our Latest Stock Analysis on Aaron’s
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.
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