PROG Holdings, Inc $PRG Holdings Lifted by Dean Capital Management

Dean Capital Management boosted its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 310.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 57,368 shares of the fintech holding company’s stock after buying an additional 43,384 shares during the period. Dean Capital Management’s holdings in PROG were worth $1,646,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its stake in PROG by 37.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 132,702 shares of the fintech holding company’s stock valued at $3,913,000 after acquiring an additional 36,013 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of PROG by 113.5% in the fourth quarter. SG Americas Securities LLC now owns 40,807 shares of the fintech holding company’s stock worth $1,203,000 after purchasing an additional 21,698 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in shares of PROG by 91.2% during the fourth quarter. Moran Wealth Management LLC now owns 124,321 shares of the fintech holding company’s stock worth $3,666,000 after purchasing an additional 59,297 shares during the period. M&T Bank Corp acquired a new stake in shares of PROG during the fourth quarter worth approximately $1,302,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of PROG by 256.0% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 143,693 shares of the fintech holding company’s stock worth $4,243,000 after purchasing an additional 103,330 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRG has been the topic of several research reports. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research note on Thursday, April 30th. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday, July 1st. TD Cowen boosted their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group raised shares of PROG from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $60.00 in a research note on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.36.

PROG Stock Down 0.4%

Shares of PROG stock opened at $43.55 on Monday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 11.90 and a beta of 1.78. The stock has a 50-day simple moving average of $40.17 and a 200-day simple moving average of $35.03. PROG Holdings, Inc has a 52-week low of $25.80 and a 52-week high of $47.73. 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 released its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.46. The firm had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, equities research analysts expect that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s payout ratio is currently 15.30%.

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.