Cambria Investment Management L.P. Cuts Stock Position in Aaron’s Holdings Company, Inc. $PRG

Cambria Investment Management L.P. cut its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 6.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 289,425 shares of the company’s stock after selling 19,976 shares during the quarter. Cambria Investment Management L.P. owned approximately 0.73% of Aaron’s worth $9,366,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. WealthCollab LLC grew its position in shares of Aaron’s by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after buying an additional 800 shares during the last quarter. CWM LLC lifted its position in Aaron’s by 85.1% during the third quarter. CWM LLC now owns 5,258 shares of the company’s stock valued at $170,000 after acquiring an additional 2,417 shares during the last quarter. Cim Investment Management Inc. acquired a new stake in Aaron’s in the second quarter valued at approximately $191,000. Aquatic Capital Management LLC purchased a new position in Aaron’s in the third quarter worth $204,000. Finally, Stephens Inc. AR purchased a new position in Aaron’s in the third quarter worth $208,000. 97.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PRG. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a report on Friday, November 21st. TD Cowen boosted their target price on Aaron’s from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Zacks Research raised Aaron’s from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Aaron’s currently has a consensus rating of “Buy” and an average price target of $41.80.

Aaron’s Trading Down 3.4%

NYSE PRG opened at $28.07 on Thursday. The company has a fifty day simple moving average of $33.20 and a two-hundred day simple moving average of $31.79. The stock has a market cap of $1.11 billion, a P/E ratio of 7.80 and a beta of 1.71. Aaron’s Holdings Company, Inc. has a 12-month low of $23.50 and a 12-month high of $41.14. The company has a current ratio of 4.71, a quick ratio of 2.32 and a debt-to-equity ratio of 0.80.

Aaron’s (NYSE:PRG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.14. Aaron’s had a net margin of 5.97% and a return on equity of 20.99%. The firm had revenue of $525.36 million for the quarter, compared to analyst estimates of $581.82 million. During the same period in the previous year, the company earned $0.80 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. On average, analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, March 12th. This is a boost from Aaron’s’s previous quarterly dividend of $0.13. Aaron’s’s dividend payout ratio (DPR) is presently 15.56%.

Aaron’s 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.