Wealth Enhancement Advisory Services LLC Purchases 36,788 Shares of Aaron’s Holdings Company, Inc. $PRG

Wealth Enhancement Advisory Services LLC increased its holdings in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 142.5% in the 3rd quarter, Holdings Channel reports. The fund owned 62,609 shares of the company’s stock after buying an additional 36,788 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Aaron’s were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada raised its position in Aaron’s by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the company’s stock worth $955,000 after buying an additional 6,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Aaron’s by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company’s stock worth $648,000 after acquiring an additional 1,162 shares during the period. Millennium Management LLC lifted its holdings in Aaron’s by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Aaron’s by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the company’s stock worth $8,342,000 after purchasing an additional 16,126 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Aaron’s in the first quarter worth $233,000. 97.92% of the stock is currently owned by institutional investors.

Aaron’s Stock Performance

PRG stock opened at $32.46 on Friday. The firm has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $31.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74. Aaron’s Holdings Company, Inc. has a one year low of $23.50 and a one year high of $44.42. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 8.24 and a beta of 1.75.

Aaron’s Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PRG shares. B. Riley assumed coverage on Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price objective for the company. BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective on the stock in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. TD Cowen reduced their price target on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.83.

About Aaron’s

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.