JPMorgan Chase & Co. Purchases 33,961 Shares of Aaron’s Holdings Company, Inc. $PRG

JPMorgan Chase & Co. increased its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 7.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,574 shares of the company’s stock after buying an additional 33,961 shares during the period. JPMorgan Chase & Co. owned 1.23% of Aaron’s worth $15,713,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. WealthCollab LLC raised its holdings in shares of Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after acquiring an additional 800 shares in the last quarter. CWM LLC increased its position in Aaron’s by 85.1% in the third quarter. CWM LLC now owns 5,258 shares of the company’s stock worth $170,000 after purchasing an additional 2,417 shares during the last quarter. Cim Investment Management Inc. purchased a new stake in Aaron’s during the second quarter valued at $191,000. Stephens Inc. AR bought a new position in Aaron’s during the third quarter valued at $208,000. Finally, Caxton Associates LLP bought a new position in Aaron’s during the first quarter valued at $233,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Cowen decreased their target price on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. B. Riley Financial began coverage on Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target on the stock in a report on Friday, November 21st. Finally, Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Aaron’s currently has an average rating of “Buy” and an average price target of $40.80.

Aaron’s Trading Down 2.6%

Shares of NYSE PRG opened at $32.68 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.32 and a current ratio of 4.71. The business’s 50 day moving average price is $33.09 and its 200-day moving average price is $32.05. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $41.14. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 9.08 and a beta of 1.71.

Aaron’s (NYSE:PRG) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The company had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. During the same quarter in the previous year, the business earned $0.80 EPS. Aaron’s’s revenue was down 5.2% compared to the same quarter last year. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. On average, sell-side analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Thursday, March 12th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.56 annualized dividend and a yield of 1.7%. This is a boost from Aaron’s’s previous quarterly dividend of $0.13. Aaron’s’s payout ratio is 14.44%.

About Aaron’s

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.