PROG Holdings, Inc (NYSE:PRG) Given Average Rating of “Moderate Buy” by Analysts

PROG Holdings, Inc (NYSE:PRG) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $43.70.

Several analysts have weighed in on PRG shares. B. Riley Financial reissued a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target on shares of PROG in a research note on Thursday, April 30th. Wall Street Zen raised shares of PROG from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, TD Cowen boosted their price target on shares of PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th.

PROG Stock Performance

PROG stock opened at $36.92 on Tuesday. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $1.48 billion, a PE ratio of 10.09 and a beta of 1.82. The firm has a fifty day simple moving average of $32.03 and a two-hundred day simple moving average of $31.64. PROG has a twelve month low of $25.80 and a twelve month high of $41.14.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.46. The business had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Research analysts expect that PROG will post 4.7 EPS for the current year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, May 19th. PROG’s dividend payout ratio is 15.30%.

Hedge Funds Weigh In On PROG

Several hedge funds and other institutional investors have recently modified their holdings of PRG. Royal Bank of Canada raised its stake in shares of PROG by 23.4% during the first quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock valued at $955,000 after acquiring an additional 6,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PROG by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock valued at $648,000 after acquiring an additional 1,162 shares during the last quarter. Millennium Management LLC raised its stake in shares of PROG by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after acquiring an additional 259,630 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of PROG by 5.4% during the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock valued at $8,342,000 after acquiring an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of PROG during the first quarter valued at about $233,000. 97.92% of the stock is owned by institutional investors.

PROG Company Profile

PROG Holdings, Inc, 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.