Aaron’s (NYSE:PRG) Stock Price Down 5.8% – Here’s What Happened

Aaron’s Holdings Company, Inc. (NYSE:PRG)’s share price fell 5.8% during mid-day trading on Tuesday . The stock traded as low as $30.59 and last traded at $30.82. 272,389 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 494,821 shares. The stock had previously closed at $32.72.

Analyst Ratings Changes

Several brokerages recently commented on PRG. TD Cowen cut their price target on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Zacks Research upgraded Aaron’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. B. Riley Financial began coverage on Aaron’s in a report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price for the company. Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, BTIG Research upgraded 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. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $40.80.

Aaron’s Trading Down 5.6%

The company has a debt-to-equity ratio of 0.80, a current ratio of 4.71 and a quick ratio of 2.32. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.58 and a beta of 1.71. The business’s 50 day moving average price is $33.33 and its 200-day moving average price is $32.06.

Aaron’s (NYSE:PRG) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.60 by $0.14. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The business had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. During the same period last year, the firm earned $0.80 EPS. The company’s quarterly 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. Equities analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Thursday, March 12th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, March 12th. This is a positive change from Aaron’s’s previous quarterly dividend of $0.13. Aaron’s’s payout ratio is 14.44%.

Institutional Trading of Aaron’s

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Aaron’s by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the company’s stock valued at $955,000 after acquiring an additional 6,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aaron’s by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company’s stock valued at $648,000 after purchasing an additional 1,162 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Aaron’s by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the company’s stock valued at $8,342,000 after purchasing an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Aaron’s during the 1st quarter worth approximately $233,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

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.