Analysts Set PROG Holdings, Inc (NYSE:PRG) PT at $43.70

PROG Holdings, Inc (NYSE:PRG) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $43.70.

Several research firms recently weighed in on PRG. Weiss Ratings downgraded PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and issued a $45.00 price target on shares of PROG in a research note on Thursday, April 30th. TD Cowen upped their price target on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded PROG from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Stephens upped their price target on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th.

Institutional Trading of PROG

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in PROG by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 485,574 shares of the fintech holding company’s stock valued at $15,713,000 after purchasing an additional 33,961 shares during the last quarter. Portolan Capital Management LLC purchased a new stake in PROG during the 3rd quarter valued at $4,859,000. Denali Advisors LLC purchased a new stake in PROG during the 3rd quarter valued at $2,686,000. Wedge Capital Management L L P NC boosted its stake in PROG by 37.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 132,702 shares of the fintech holding company’s stock valued at $3,913,000 after purchasing an additional 36,013 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in PROG by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the fintech holding company’s stock valued at $38,428,000 after purchasing an additional 188,835 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Stock Up 1.8%

Shares of NYSE:PRG opened at $35.89 on Tuesday. PROG has a 52-week low of $25.80 and a 52-week high of $41.14. The firm has a market capitalization of $1.44 billion, a P/E ratio of 9.81 and a beta of 1.82. The stock has a 50 day moving average price of $32.67 and a 200-day moving average price of $31.92. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27.

PROG (NYSE:PRG) last announced its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.46. The firm had revenue of $742.67 million during the quarter, compared to analyst estimates of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, equities research analysts anticipate that PROG will post 4.7 EPS for the current fiscal year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.14 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. PROG’s dividend payout ratio is presently 15.30%.

PROG Company Profile

PROG Holdings, Inc, 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.