B. Riley Initiates Coverage on Aaron’s (NYSE:PRG)

Research analysts at B. Riley initiated coverage on shares of Aaron’s (NYSE:PRG) in a report released on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. B. Riley’s price target indicates a potential upside of 62.97% from the company’s previous close.

Other equities analysts also recently issued reports about the company. TD Cowen lowered their price objective on Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a report on Friday, November 21st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Aaron’s currently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Aaron’s Trading Up 0.8%

Aaron’s stock opened at $30.68 on Tuesday. Aaron’s has a 12-month low of $23.50 and a 12-month high of $44.86. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.79 and a beta of 1.75. The firm has a 50 day moving average of $29.52 and a 200 day moving average of $31.04. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85.

Aaron’s (NYSE:PRG) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $595.11 million during the quarter, compared to analyst estimates of $586.11 million. During the same period in the prior year, the business posted $0.77 earnings per share. The company’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 and its Q4 2025 guidance at 0.550-0.650 EPS. As a group, research analysts predict that Aaron’s will post 3.45 earnings per share for the current year.

Institutional Investors Weigh In On Aaron’s

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Aaron’s by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company’s stock valued at $91,000 after purchasing an additional 413 shares during the last quarter. Vanguard Group Inc. lifted its position in Aaron’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company’s stock worth $133,148,000 after buying an additional 68,369 shares during the last quarter. Invesco Ltd. boosted its stake in Aaron’s by 3.5% during the first quarter. Invesco Ltd. now owns 438,379 shares of the company’s stock worth $11,661,000 after buying an additional 14,874 shares during the period. Nuveen LLC bought a new position in Aaron’s during the first quarter valued at $10,770,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Aaron’s by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 131,726 shares of the company’s stock valued at $3,504,000 after acquiring an additional 28,207 shares during the period. 97.92% of the stock is owned by institutional investors.

About Aaron’s

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.