Aaron’s Holdings Company, Inc. (NYSE:PRG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.8333.

PRG has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price for the company in a research note on Friday, November 21st. Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. TD Cowen decreased their price target on Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, B. Riley began coverage on Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price objective for the company.

Aaron’s Stock Down 1.2%

PRG stock opened at $32.94 on Wednesday. The stock has a market capitalization of $1.30 billion, a PE ratio of 8.36 and a beta of 1.75. The company has a fifty day moving average of $30.40 and a 200-day moving average of $31.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74. Aaron’s has a one year low of $23.50 and a one year high of $44.42.

Aaron’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, November 18th. Aaron’s’s dividend payout ratio (DPR) is currently 13.20%.

Institutional Trading of Aaron’s

Institutional investors have recently added to or reduced their stakes in the stock. Moran Wealth Management LLC increased its holdings in Aaron’s by 91.2% in the fourth quarter. Moran Wealth Management LLC now owns 124,321 shares of the company’s stock valued at $3,666,000 after buying an additional 59,297 shares in the last quarter. CWM LLC grew its holdings in shares of Aaron’s by 15.2% in the 4th quarter. CWM LLC now owns 6,057 shares of the company’s stock worth $179,000 after acquiring an additional 799 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Aaron’s by 65.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,401 shares of the company’s stock worth $543,000 after acquiring an additional 7,301 shares during the period. Wedge Capital Management L L P NC increased its stake in Aaron’s by 37.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 132,702 shares of the company’s stock valued at $3,913,000 after purchasing an additional 36,013 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Aaron’s by 5.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,917 shares of the company’s stock worth $1,295,000 after purchasing an additional 2,185 shares during the last quarter. Hedge funds and other institutional investors 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.