Aaron’s (NYSE:PRG) Stock Rating Upgraded by Wall Street Zen

Aaron’s (NYSE:PRG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research firms have also recently weighed in on PRG. B. Riley Financial began coverage on Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. BTIG Research upgraded shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target on the stock in a research note on Friday, November 21st. Finally, TD Cowen reduced their price objective on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Aaron’s Trading Up 0.4%

PRG opened at $40.58 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 11.27 and a beta of 1.73. Aaron’s has a one year low of $23.50 and a one year high of $41.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.32 and a current ratio of 4.71. The business’s 50 day moving average price is $32.31 and its 200 day moving average price is $31.90.

Aaron’s (NYSE:PRG) last posted its earnings results on Wednesday, February 18th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. Aaron’s had a net margin of 5.97% and a return on equity of 20.99%. The company had revenue of $525.36 million for the quarter, compared to analysts’ expectations of $581.82 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. Aaron’s’s revenue for the quarter was down 5.2% compared to the same quarter last year. 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. As a group, equities research analysts expect that Aaron’s will post 3.45 EPS for the current year.

Institutional Trading of Aaron’s

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

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.