PROG Holdings, Inc (NYSE:PRG) Receives $43.70 Average Price Target from Analysts

PROG Holdings, Inc (NYSE:PRG) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $43.70.

A number of analysts recently commented on PRG shares. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 price target on shares of PROG in a report on Thursday, April 30th. Zacks Research lowered PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. TD Cowen lifted their price target on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded PROG from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st.

PROG Trading Down 1.6%

NYSE PRG opened at $34.75 on Friday. The business has a 50 day simple moving average of $30.93 and a 200 day simple moving average of $31.11. PROG has a one year low of $25.80 and a one year high of $41.14. The stock has a market capitalization of $1.39 billion, a P/E ratio of 9.49 and a beta of 1.83. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same quarter in the prior year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Research analysts expect that PROG will post 4.7 earnings per share for the current year.

PROG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. PROG’s payout ratio is presently 15.30%.

Institutional Trading of PROG

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

About PROG

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.