Brokerages Set PROG Holdings, Inc (NYSE:PRG) Target Price at $47.36

PROG Holdings, Inc (NYSE:PRG) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.3571.

PRG has been the subject of a number of research reports. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Stephens raised their target price on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Jefferies Financial Group upgraded shares of PROG from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $60.00 in a report on Wednesday, July 8th. TD Cowen upped their price target on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th.

PROG Trading Down 0.1%

PRG opened at $43.55 on Wednesday. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The stock’s fifty day moving average is $40.17 and its two-hundred day moving average is $34.99. The company has a market capitalization of $1.75 billion, a P/E ratio of 11.90 and a beta of 1.78. PROG has a 52 week low of $25.80 and a 52 week high of $47.73.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Analysts forecast that PROG will post 4.7 earnings per share for the current year.

PROG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s dividend payout ratio is currently 15.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP raised its position in shares of PROG by 82.8% in the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after acquiring an additional 506 shares in the last quarter. Global Assets Advisory LLC purchased a new position in PROG in the first quarter valued at about $38,000. Federation des caisses Desjardins du Quebec purchased a new position in PROG in the fourth quarter valued at about $44,000. GAMMA Investing LLC raised its holdings in PROG by 45.3% in the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after purchasing an additional 563 shares in the last quarter. Finally, WealthCollab LLC raised its holdings in PROG by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after purchasing an additional 800 shares in the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

PROG Company Profile

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.