19,109 Shares in Aaron’s Holdings Company, Inc. $PRG Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,109 shares of the company’s stock, valued at approximately $618,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Aaron’s in the 2nd quarter valued at $27,000. GAMMA Investing LLC lifted its position in shares of Aaron’s by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after buying an additional 447 shares during the last quarter. Whittier Trust Co. boosted its stake in Aaron’s by 157.6% in the second quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after buying an additional 851 shares in the last quarter. WealthCollab LLC grew its position in Aaron’s by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC raised its stake in Aaron’s by 225.4% during the second quarter. CWM LLC now owns 2,841 shares of the company’s stock worth $83,000 after acquiring an additional 1,968 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PRG. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price for the company in a report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. B. Riley began coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price on the stock. Wall Street Zen cut shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, TD Cowen dropped their price target on Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Aaron’s Stock Down 0.6%

NYSE:PRG opened at $32.54 on Friday. Aaron’s Holdings Company, Inc. has a one year low of $23.50 and a one year high of $44.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The company has a market cap of $1.29 billion, a PE ratio of 8.26 and a beta of 1.75. The firm’s 50 day simple moving average is $30.02 and its 200 day simple moving average is $31.34.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.17. The firm had revenue of $595.11 million during the quarter, compared to analysts’ expectations of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. On average, research analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, November 18th. Aaron’s’s dividend payout ratio is presently 13.20%.

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.