Aaron’s (NYSE:PRG) Upgraded to “Buy” at Wall Street Zen

Aaron’s (NYSE:PRG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts have also commented on PRG. BTIG Research upgraded shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective on the stock in a report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, TD Cowen cut their price target on Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Aaron’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.33.

Aaron’s Trading Down 1.3%

NYSE PRG opened at $28.78 on Friday. Aaron’s has a one year low of $23.50 and a one year high of $49.29. 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 firm has a market cap of $1.14 billion, a P/E ratio of 7.30 and a beta of 1.77. The stock’s 50-day moving average is $30.22 and its 200-day moving average is $30.94.

Aaron’s (NYSE:PRG) last posted its earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The business had revenue of $595.11 million during the quarter, compared to analysts’ expectations of $586.11 million. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.Aaron’s’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Sell-side analysts anticipate that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Aaron’s

A number of hedge funds and other institutional investors have recently modified their holdings of PRG. First Trust Advisors LP raised its holdings in Aaron’s by 451.1% during the third quarter. First Trust Advisors LP now owns 702,781 shares of the company’s stock worth $22,742,000 after acquiring an additional 575,255 shares in the last quarter. LSV Asset Management increased its position in shares of Aaron’s by 172.0% during the 3rd quarter. LSV Asset Management now owns 842,274 shares of the company’s stock worth $27,256,000 after purchasing an additional 532,593 shares during the last quarter. UBS Group AG raised its stake in shares of Aaron’s by 102.4% during the 3rd quarter. UBS Group AG now owns 823,663 shares of the company’s stock worth $26,654,000 after purchasing an additional 416,658 shares in the last quarter. Breach Inlet Capital Management LLC boosted its holdings in shares of Aaron’s by 140.7% in the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock valued at $18,722,000 after buying an additional 411,459 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Aaron’s in the 1st quarter valued at approximately $10,770,000. Institutional investors and hedge funds 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.