Tudor Investment Corp ET AL Sells 85,867 Shares of Aaron’s Holdings Company, Inc. $PRG

Tudor Investment Corp ET AL decreased its holdings in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 35.6% in the third quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WealthCollab LLC boosted its position in shares of 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. CWM LLC raised its position in Aaron’s by 85.1% in the third quarter. CWM LLC now owns 5,258 shares of the company’s stock worth $170,000 after purchasing an additional 2,417 shares in the last quarter. Cim Investment Management Inc. acquired a new position in Aaron’s in the second quarter worth about $191,000. Aquatic Capital Management LLC bought a new position in Aaron’s during the third quarter worth about $204,000. Finally, Stephens Inc. AR bought a new position in Aaron’s during the third quarter worth about $208,000. 97.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PRG. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. Zacks Research upgraded Aaron’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. TD Cowen boosted their price target on Aaron’s from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, B. Riley Financial assumed coverage on Aaron’s in a research note on Tuesday, December 16th. They set a “buy” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $41.80.

Aaron’s Price Performance

Shares of Aaron’s stock opened at $29.07 on Thursday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.07 and a beta of 1.71. The firm’s 50-day moving average price is $32.88 and its two-hundred day moving average price is $31.55. The company has a current ratio of 4.71, a quick ratio of 2.32 and a debt-to-equity ratio of 0.80. Aaron’s Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $41.14.

Aaron’s (NYSE:PRG) last posted its earnings results on Wednesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. The company had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. Aaron’s had a net margin of 5.97% and a return on equity of 20.99%. Aaron’s’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. 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. On average, equities analysts predict that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 12th were paid a $0.14 dividend. This is an increase from Aaron’s’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, March 12th. Aaron’s’s payout ratio is presently 15.56%.

Aaron’s 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.