Hillsdale Investment Management Inc. Boosts Stock Position in Aaron’s Holdings Company, Inc. $PRG

Hillsdale Investment Management Inc. lifted its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 242.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,800 shares of the company’s stock after acquiring an additional 45,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Aaron’s were worth $1,902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PRG. Y Intercept Hong Kong Ltd purchased a new position in Aaron’s during the first quarter valued at approximately $483,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Aaron’s during the 1st quarter valued at $215,000. Royce & Associates LP lifted its stake in shares of Aaron’s by 5.9% during the 1st quarter. Royce & Associates LP now owns 36,895 shares of the company’s stock valued at $981,000 after buying an additional 2,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Aaron’s by 24.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,637 shares of the company’s stock valued at $363,000 after buying an additional 2,667 shares in the last quarter. Finally, Inspire Advisors LLC boosted its holdings in Aaron’s by 20.9% in the 1st quarter. Inspire Advisors LLC now owns 16,796 shares of the company’s stock worth $447,000 after buying an additional 2,902 shares during the period. Institutional investors own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PRG. Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target for the company in a research note on Friday. Finally, TD Cowen reduced their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.33.

Aaron’s Price Performance

NYSE:PRG opened at $28.12 on Friday. The business’s 50-day moving average is $30.90 and its 200 day moving average is $30.93. Aaron’s Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $49.49. The company has a market capitalization of $1.11 billion, a P/E ratio of 7.14 and a beta of 1.77. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85.

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

Aaron’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.52 dividend on an annualized basis and a yield of 1.8%. Aaron’s’s dividend payout ratio is presently 13.20%.

Aaron’s Profile

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.