Aaron’s Holdings Company, Inc. (NYSE:PRG – Get Free Report)’s share price fell 3.5% during trading on Tuesday . The company traded as low as $27.47 and last traded at $27.4150. 142,355 shares changed hands during trading, a decline of 73% from the average session volume of 537,162 shares. The stock had previously closed at $28.41.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. Zacks Research raised shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. TD Cowen boosted their price target on shares of Aaron’s from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, B. Riley Financial started coverage on shares of Aaron’s in a report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Aaron’s presently has an average rating of “Buy” and an average price target of $41.80.
Check Out Our Latest Report on PRG
Aaron’s Trading Down 1.0%
Aaron’s (NYSE:PRG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. The company had revenue of $525.36 million during the quarter, compared to the consensus estimate of $581.82 million. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.Aaron’s’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $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. Equities analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.
Aaron’s Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Thursday, March 12th were issued a $0.14 dividend. This is a boost from Aaron’s’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 12th. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. Aaron’s’s dividend payout ratio (DPR) is 15.56%.
Institutional Trading of Aaron’s
Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Aaron’s by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the company’s stock valued at $33,000 after buying an additional 506 shares during the period. Federation des caisses Desjardins du Quebec purchased a new position in Aaron’s during the 4th quarter valued at $44,000. GAMMA Investing LLC grew its position in Aaron’s by 45.3% in the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the company’s stock valued at $53,000 after acquiring an additional 563 shares during the last quarter. WealthCollab LLC increased its stake in Aaron’s by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after purchasing an additional 800 shares during the period. Finally, CWM LLC lifted its position in shares of Aaron’s by 85.1% during 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 during the last quarter. Institutional investors own 97.92% of the company’s stock.
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.
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