DGS Capital Management LLC Boosts Holdings in PROG Holdings, Inc $PRG

DGS Capital Management LLC boosted its stake in shares of PROG Holdings, Inc (NYSE:PRG) by 34.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,926 shares of the fintech holding company’s stock after purchasing an additional 27,691 shares during the period. PROG makes up approximately 0.5% of DGS Capital Management LLC’s portfolio, making the stock its 26th biggest holding. DGS Capital Management LLC’s holdings in PROG were worth $3,183,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PRG. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of PROG by 2.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock valued at $389,000 after buying an additional 344 shares during the period. Quarry LP grew its holdings in PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after acquiring an additional 506 shares during the period. Horizon Investments LLC grew its holdings in PROG by 2.6% during the fourth quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company’s stock worth $618,000 after acquiring an additional 537 shares during the period. GAMMA Investing LLC raised its position in PROG by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock valued at $53,000 after acquiring an additional 563 shares in the last quarter. Finally, Legato Capital Management LLC raised its position in PROG by 1.2% during the third quarter. Legato Capital Management LLC now owns 48,451 shares of the fintech holding company’s stock valued at $1,568,000 after acquiring an additional 564 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Stock Performance

Shares of PRG stock opened at $38.55 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. PROG Holdings, Inc has a 12-month low of $25.80 and a 12-month high of $41.14. The business’s 50 day moving average is $34.20 and its two-hundred day moving average is $32.46. The company has a market capitalization of $1.54 billion, a P/E ratio of 10.53 and a beta of 1.82.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. The business had revenue of $742.67 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Analysts expect that PROG Holdings, Inc will post 4.7 EPS for the current fiscal year.

PROG Dividend Announcement

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 of this dividend was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. PROG’s dividend payout ratio (DPR) is currently 15.30%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings lowered PROG from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. TD Cowen boosted their target price on shares of PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stephens increased their price target on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, PROG currently has an average rating of “Moderate Buy” and a consensus target price of $43.70.

About PROG

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.