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

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

Other equities research analysts have also issued research reports about the company. B. Riley started coverage on Aaron’s in a research note on Tuesday, December 16th. They set a “buy” rating and a $50.00 price target on the stock. BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target for the company in a research note on Friday, November 21st. TD Cowen lowered their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $30.52 on Friday. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. Aaron’s has a 52 week low of $23.50 and a 52 week high of $44.42. The firm has a market cap of $1.21 billion, a PE ratio of 7.75 and a beta of 1.75. The business’s fifty day simple moving average is $29.43 and its 200-day simple moving average is $31.09.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The business had revenue of $595.11 million during the quarter, compared to the consensus estimate of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. 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. Equities analysts forecast that Aaron’s will post 3.45 earnings per share for the current year.

Hedge Funds Weigh In On Aaron’s

A number of institutional investors have recently modified their holdings of PRG. CIBC Bancorp USA Inc. acquired a new position in Aaron’s in the third quarter valued at $374,000. Morningstar Investment Management LLC purchased a new position in shares of Aaron’s in the 3rd quarter worth about $1,307,000. Caxton Associates LLP purchased a new position in shares of Aaron’s in the 3rd quarter worth about $403,000. Voleon Capital Management LP acquired a new position in shares of Aaron’s in the 3rd quarter valued at about $259,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of Aaron’s during the 3rd quarter worth about $261,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE: PRG), 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.