PROG Holdings, Inc (NYSE:PRG) Receives $49.44 Average PT from Brokerages

PROG Holdings, Inc (NYSE:PRG) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $49.4375.

A number of equities analysts have recently weighed in on PRG shares. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Wednesday, July 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $45.00 target price on shares of PROG in a research report on Thursday, April 30th. Jefferies Financial Group raised shares of PROG from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $60.00 in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of PROG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th.

Insider Buying and Selling

In other news, CAO George M. Sewell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total transaction of $91,060.00. Following the completion of the transaction, the chief accounting officer directly owned 28,385 shares in the company, valued at $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Todd King sold 1,070 shares of PROG 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 of the company’s stock, valued at $2,797,950. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,000 shares of company stock worth $183,060. 3.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PROG

A number of hedge funds and other institutional investors have recently bought and sold shares of PRG. Royal Bank of Canada grew its position in PROG by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock valued at $955,000 after acquiring an additional 6,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of PROG by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock worth $648,000 after purchasing an additional 1,162 shares in the last quarter. Millennium Management LLC boosted its stake in shares of PROG by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of PROG by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock valued at $8,342,000 after purchasing an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of PROG in the first quarter valued at approximately $233,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

PROG Stock Down 7.5%

PRG stock opened at $38.25 on Friday. PROG has a one year low of $25.80 and a one year high of $47.73. The firm has a market cap of $1.52 billion, a PE ratio of 10.57 and a beta of 1.79. The firm’s 50 day moving average price is $43.08 and its 200-day moving average price is $36.48. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.29 and a current ratio of 4.03.

PROG (NYSE:PRG) last issued its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 during 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, equities research analysts anticipate that PROG will post 4.95 EPS for the current year.

PROG Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, August 18th. PROG’s dividend payout ratio (DPR) is 15.47%.

About PROG

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.