Aaron’s Holdings Company, Inc. (NYSE:PRG) Receives $40.33 Average Price Target from Analysts

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.3333.

A number of research analysts have commented on PRG shares. Wall Street Zen downgraded Aaron’s from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. TD Cowen decreased their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, BTIG Research boosted their price target on Aaron’s from $27.00 to $31.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd.

Aaron’s Price Performance

Shares of PRG opened at $27.74 on Friday. The business’s 50-day moving average is $31.78 and its 200-day moving average is $30.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.04 and a beta of 1.77. Aaron’s has a fifty-two week low of $23.50 and a fifty-two week high of $49.49.

Aaron’s (NYSE:PRG) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The firm had revenue of $595.11 million for the quarter, compared to the consensus estimate of $586.11 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Equities research analysts expect that Aaron’s will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, November 18th. Aaron’s’s dividend payout ratio (DPR) is 13.20%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Aaron’s in the third quarter valued at about $524,000. Creative Planning boosted its stake in Aaron’s by 176.0% during the 3rd quarter. Creative Planning now owns 39,785 shares of the company’s stock valued at $1,287,000 after purchasing an additional 25,370 shares during the period. Lazard Asset Management LLC grew its holdings in Aaron’s by 9.2% in the 3rd quarter. Lazard Asset Management LLC now owns 91,139 shares of the company’s stock valued at $2,949,000 after buying an additional 7,695 shares during the last quarter. Ancora Advisors LLC increased its position in Aaron’s by 35.2% in the 3rd quarter. Ancora Advisors LLC now owns 103,500 shares of the company’s stock worth $3,349,000 after buying an additional 26,940 shares during the period. Finally, Horizon Investments LLC increased its position in Aaron’s by 19.5% in the 3rd quarter. Horizon Investments LLC now owns 20,411 shares of the company’s stock worth $660,000 after buying an additional 3,324 shares during the period. Institutional investors own 97.92% of the company’s stock.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.