Aaron’s Holdings Company, Inc. $PRG Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 11.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 207,180 shares of the company’s stock after purchasing an additional 21,055 shares during the period. New York State Common Retirement Fund’s holdings in Aaron’s were worth $6,081,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Aaron’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company’s stock worth $133,148,000 after acquiring an additional 68,369 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Aaron’s by 10.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 998,674 shares of the company’s stock worth $29,311,000 after purchasing an additional 91,574 shares in the last quarter. Breach Inlet Capital Management LLC raised its stake in shares of Aaron’s by 140.7% during the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock worth $18,722,000 after purchasing an additional 411,459 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Aaron’s by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after buying an additional 259,630 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Aaron’s by 46.4% in the 1st quarter. Wellington Management Group LLP now owns 617,624 shares of the company’s stock valued at $16,429,000 after buying an additional 195,855 shares in the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

Aaron’s Trading Down 0.1%

NYSE:PRG opened at $29.52 on Friday. The company’s 50 day moving average is $29.75 and its 200-day moving average is $30.95. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $48.82. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 7.49 and a beta of 1.75.

Aaron’s (NYSE:PRG) last posted its earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The business had revenue of $595.11 million for the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. Aaron’s’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.77 EPS. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS and its Q4 2025 guidance at 0.550-0.650 EPS. Equities analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, November 18th. Aaron’s’s dividend payout ratio (DPR) is currently 13.20%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PRG. Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a research note on Friday, November 21st. Finally, TD Cowen decreased their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.33.

About Aaron’s

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.