PROG Holdings, Inc (NYSE:PRG) Receives $49.44 Consensus PT from Analysts

Shares of PROG Holdings, Inc (NYSE:PRG) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.4375.

A number of brokerages have issued reports on PRG. TD Cowen increased their price objective on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Loop Capital downgraded shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Wednesday, July 1st. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. KeyCorp upped their target price on shares of PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, 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 note on Thursday, April 30th.

Insider Transactions at PROG

In other news, insider Michael Todd King sold 1,070 shares of PROG stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the sale, the insider directly owned 60,825 shares of the company’s stock, valued at approximately $2,797,950. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO George M. Sewell sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total value of $91,060.00. Following the completion of the sale, the chief accounting officer owned 28,385 shares in the company, valued at $1,292,369.05. This represents a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,000 shares of company stock valued at $183,060. Company insiders own 3.72% of the company’s stock.

Institutional Trading of PROG

Several hedge funds have recently modified their holdings of the company. Quarry LP grew its holdings 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 purchasing an additional 506 shares in the last quarter. Global Assets Advisory LLC bought a new stake in PROG in the first quarter worth $38,000. Federation des caisses Desjardins du Quebec purchased a new stake in PROG during the fourth quarter valued at $44,000. WealthCollab LLC lifted its position in PROG by 61.9% during 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 during the last quarter. Finally, Strs Ohio bought a new position in PROG during the first quarter valued at $129,000. 97.92% of the stock is owned by hedge funds and other institutional investors.

PROG Stock Performance

NYSE PRG opened at $38.85 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.73 and a beta of 1.79. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $43.09 and a 200-day moving average price of $36.49. PROG has a twelve month low of $25.80 and a twelve month high of $47.73.

PROG (NYSE:PRG) last released its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The firm had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, equities research analysts predict that PROG will post 4.95 EPS for the current fiscal year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. PROG’s dividend payout ratio (DPR) is presently 15.47%.

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.