PROG Holdings, Inc (PRG) – What Are Brokerages Thinking About This Stock?

Shares of PROG Holdings, Inc (NYSE:PRG) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.81.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lowered their target price on PROG from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen boosted their price target on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. KeyCorp increased their price target on PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings cut PROG from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Loop Capital raised shares of PROG from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday.

Insider Buying and Selling at PROG

In other PROG news, insider Michael King sold 1,070 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total value of $49,220.00. Following the completion of the sale, the insider directly owned 60,825 shares in the company, valued at approximately $2,797,950. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO George M. Sewell sold 2,000 shares of PROG stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total transaction of $91,060.00. Following the completion of the sale, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at approximately $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,000 shares of company stock worth $183,060. 3.72% of the stock is owned by insiders.

Hedge Funds Weigh In On PROG

Several institutional investors have recently made changes to their positions in PRG. Integrated Wealth Concepts LLC bought a new position in shares of PROG during the 2nd quarter worth about $34,000. Allworth Financial LP grew its stake in shares of PROG by 61.9% in the 2nd quarter. Allworth Financial LP now owns 897 shares of the fintech holding company’s stock valued at $42,000 after buying an additional 343 shares during the period. Ameritas Advisory Services LLC bought a new stake in PROG in the 2nd quarter valued at about $44,000. Global Assets Advisory LLC bought a new stake in PROG in the 1st quarter valued at about $38,000. Finally, GAMMA Investing LLC increased its position in PROG by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company’s stock valued at $136,000 after buying an additional 468 shares in the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

PROG Stock Performance

Shares of PROG stock opened at $30.42 on Monday. The business has a 50-day moving average price of $37.45 and a two-hundred day moving average price of $37.04. PROG has a 1-year low of $25.80 and a 1-year high of $47.73. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The company has a market cap of $1.21 billion, a P/E ratio of 8.40 and a beta of 1.78.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $719.72 million for the quarter, compared to the consensus estimate 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. As a group, analysts anticipate that PROG will post 4.93 EPS for the current year.

PROG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th were 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 was Tuesday, August 18th. PROG’s payout ratio is presently 15.47%.

PROG Company Profile

PROG Holdings, Inc is a financial technology company that provides flexible payment and lease-to-own solutions to consumers and retail partners. Its primary business is Progressive Leasing, an omnichannel lease-to-own platform that enables customers to acquire products through participating retailers and repay over time through structured lease payments.

Progressive Leasing supports purchases across categories such as furniture, appliances, electronics, mattresses, jewelry and other household goods.