Inspire Advisors LLC Decreases Stock Holdings in Aaron’s Holdings Company, Inc. $PRG

Inspire Advisors LLC reduced its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 27.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,121 shares of the company’s stock after selling 4,675 shares during the quarter. Inspire Advisors LLC’s holdings in Aaron’s were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Breach Inlet Capital Management LLC boosted its stake in shares of Aaron’s by 140.7% during the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock worth $18,722,000 after acquiring an additional 411,459 shares in the last quarter. Nuveen LLC acquired a new position in Aaron’s during the first quarter worth $10,770,000. Vulcan Value Partners LLC boosted its position in Aaron’s by 84.3% during the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company’s stock worth $18,134,000 after purchasing an additional 311,917 shares in the last quarter. Millennium Management LLC grew its holdings in Aaron’s by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Aaron’s in the second quarter valued at $6,191,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Aaron’s Price Performance

NYSE:PRG opened at $26.32 on Thursday. Aaron’s Holdings Company, Inc. has a 12-month low of $23.50 and a 12-month high of $49.49. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 6.68 and a beta of 1.78. The company’s 50-day moving average is $31.24 and its two-hundred day moving average is $30.92. 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 posted its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The business had revenue of $595.11 million during the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Research analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Aaron’s’s dividend payout ratio is currently 13.20%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRG. Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. BTIG Research increased their price target on shares of Aaron’s from $27.00 to $31.00 and gave the company a “sell” rating in a research report on Thursday, October 23rd. Finally, TD Cowen dropped their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.33.

Aaron’s Company 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.