PROG Holdings, Inc (NYSE:PRG) Stock Has Average Price Target of $49.44

Shares of PROG Holdings, Inc (NYSE:PRG) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $47.81.

Several research analysts recently issued reports on the company. Zacks Research lowered PROG from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Jefferies Financial Group reduced their price target on PROG from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Loop Capital raised PROG from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Thursday. B. Riley Financial raised their price objective on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, TD Cowen lifted their price objective on PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th.

Insider Buying and Selling

In other news, insider Michael King sold 1,070 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the sale, the insider directly owned 60,825 shares in the company, valued at $2,797,950. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO George M. Sewell sold 2,000 shares of PROG stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total transaction of $91,060.00. Following the transaction, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at $1,292,369.05. This represents a 6.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,000 shares of company stock worth $183,060 in the last 90 days. Corporate insiders own 3.72% of the company’s stock.

Institutional Trading of PROG

A number of institutional investors have recently bought and sold shares of PRG. Integrated Wealth Concepts LLC acquired a new position in shares of PROG in the 2nd quarter valued at about $34,000. Global Assets Advisory LLC bought a new stake in shares of PROG during the 1st quarter valued at about $38,000. Allworth Financial LP grew its stake in PROG by 61.9% during the second quarter. Allworth Financial LP now owns 897 shares of the fintech holding company’s stock worth $42,000 after purchasing an additional 343 shares during the period. Ameritas Advisory Services LLC acquired a new stake in PROG during the second quarter worth approximately $44,000. Finally, Strs Ohio bought a new stake in PROG in the first quarter worth approximately $129,000. Institutional investors own 97.92% of the company’s stock.

PROG Trading Down 1.6%

PRG opened at $30.42 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The company’s 50 day moving average price is $37.45 and its two-hundred day moving average price is $36.98. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.40 and a beta of 1.78.

PROG (NYSE:PRG) last issued its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. The company had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, research analysts predict that PROG will post 4.93 earnings per share for the current year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 18th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 annualized dividend and a yield of 1.8%. PROG’s dividend payout ratio (DPR) is presently 15.47%.

PROG Company Profile

PROG Holdings, Inc is a financial technology company that provides flexible payment and lease-to-own solutions to consumers and retail partners. Its primary business is Progressive Leasing, an omnichannel lease-to-own platform that enables customers to acquire products through participating retailers and repay over time through structured lease payments.

Progressive Leasing supports purchases across categories such as furniture, appliances, electronics, mattresses, jewelry and other household goods.