Aaron’s Holdings Company, Inc. $PRG Shares Purchased by LSV Asset Management

LSV Asset Management raised its holdings in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 172.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 842,274 shares of the company’s stock after acquiring an additional 532,593 shares during the period. LSV Asset Management owned 2.13% of Aaron’s worth $27,256,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Aaron’s by 18.9% during the third quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the company’s stock worth $38,428,000 after purchasing an additional 188,835 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Aaron’s by 12.1% during the second quarter. Ameriprise Financial Inc. now owns 747,718 shares of the company’s stock worth $21,946,000 after buying an additional 80,434 shares during the period. Millennium Management LLC boosted its stake in Aaron’s by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after buying an additional 259,630 shares during the last quarter. Palisade Capital Management LP boosted its stake in Aaron’s by 9.4% in the 2nd quarter. Palisade Capital Management LP now owns 631,744 shares of the company’s stock worth $18,542,000 after buying an additional 54,388 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Aaron’s by 1.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 468,610 shares of the company’s stock valued at $13,754,000 after buying an additional 8,386 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PRG shares. Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. TD Cowen dropped their price target on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. B. Riley Financial started coverage on shares of Aaron’s in a report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.83.

Aaron’s Trading Up 0.1%

Shares of PRG stock opened at $33.36 on Friday. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $43.97. The firm’s 50 day moving average price is $31.65 and its two-hundred day moving average price is $31.71. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 8.47 and a beta of 1.73.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE: PRG), 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.