PROG (NYSE:PRG) Price Target Raised to $64.00 at B. Riley Financial

PROG (NYSE:PRG) had its target price increased by B. Riley Financial from $57.00 to $64.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the fintech holding company’s stock.

Several other equities analysts also recently issued reports on PRG. Raymond James Financial reissued an “outperform” rating and issued a $45.00 target price on shares of PROG in a research report on Thursday, April 30th. Zacks Research cut PROG from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. KeyCorp increased their price objective on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen increased their price objective on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a research note on Wednesday, July 1st. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

PROG Trading Up 1.1%

PROG stock opened at $43.27 on Thursday. The stock has a 50-day moving average of $40.98 and a two-hundred day moving average of $35.38. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.41 and a current ratio of 4.03. PROG has a one year low of $25.80 and a one year high of $47.73. The stock has a market cap of $1.73 billion, a PE ratio of 11.95 and a beta of 1.78.

PROG (NYSE:PRG) last issued its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The business had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, research analysts anticipate that PROG will post 4.7 EPS for the current fiscal year.

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s dividend payout ratio (DPR) is 15.30%.

Institutional Investors Weigh In On PROG

Several hedge funds have recently added to or reduced their stakes in PRG. Goldman Sachs Group Inc. raised its stake in shares of PROG by 436.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after buying an additional 1,483,751 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of PROG by 588.0% in the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after buying an additional 717,932 shares during the last quarter. UBS Group AG boosted its stake in shares of PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after buying an additional 416,658 shares during the last quarter. LSV Asset Management boosted its stake in shares of PROG by 37.7% in the fourth quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock worth $34,205,000 after buying an additional 317,600 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after acquiring an additional 259,630 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.

More PROG News

Here are the key news stories impacting PROG this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates: PROG reported adjusted earnings of $1.19 per share, above the $0.95-$0.96 consensus, while revenue of $719.72 million also exceeded expectations. Earnings increased from $1.02 per share a year earlier, supporting confidence in operating momentum. PROG Holdings Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Full-year outlook raised: Management issued 2026 EPS guidance of $4.75-$5.00, above the prior consensus estimate of $4.66, alongside revenue guidance of approximately $3.0-$3.1 billion. The improved outlook indicates that management expects continued growth across its portfolio. PROG Holdings Reports Second Quarter 2026 Results
• Positive Sentiment: Growth across multiple businesses: The earnings call highlighted ecosystem expansion in Progressive Leasing, Four Technologies and Purchasing Power. The inclusion of Purchasing Power, acquired in January, is also contributing to the company’s broader growth profile. PRG Q2 Earnings Call Highlights
• Positive Sentiment: Analyst price targets moved higher: B. Riley raised its target from $57 to $64 and assigned a Buy rating, while KeyCorp increased its target from $45 to $50 and maintained an Overweight rating. These revisions reinforce the bullish reaction to the earnings report and imply further upside based on the analysts’ estimates.
• Neutral Sentiment: Near-term guidance is mixed: Third-quarter EPS guidance of $1.00-$1.20 brackets the $1.05 consensus, but revenue guidance of $715-$750 million has a midpoint below analysts’ $746.7 million estimate. This could limit enthusiasm if investors focus on the next quarter rather than the improved full-year outlook.

PROG Company Profile

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.