PROG (NYSE:PRG) Raised to “Strong-Buy” at Wall Street Zen

PROG (NYSE:PRG) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

PRG has been the subject of a number of other research reports. Stephens lifted their price target on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. KeyCorp upped their price objective on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen raised their price objective on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Finally, Loop Capital lowered 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

PROG Stock Performance

Shares of PRG stock opened at $43.88 on Friday. The stock has a market cap of $1.76 billion, a P/E ratio of 12.12 and a beta of 1.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. The company has a fifty day moving average price of $41.19 and a two-hundred day moving average price of $35.47. PROG has a one year low of $25.80 and a one year high of $47.73.

PROG (NYSE:PRG) last released its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.24. The company had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. 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 analysts predict that PROG will post 4.95 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of PROG by 436.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after acquiring an additional 1,483,751 shares during the period. State Street Corp increased its stake in shares of PROG by 5.6% during the fourth quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock worth $49,524,000 after purchasing an additional 89,035 shares during the period. LSV Asset Management lifted its holdings in PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock worth $34,205,000 after purchasing an additional 317,600 shares during the last quarter. First Trust Advisors LP lifted its holdings in PROG by 588.0% during the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after purchasing an additional 717,932 shares during the last quarter. Finally, UBS Group AG boosted its stake in PROG by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after purchasing an additional 416,658 shares during the period. 97.92% of the stock is 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.