Landscape Capital Management L.L.C. Invests $2.16 Million in PROG Holdings, Inc $PRG

Landscape Capital Management L.L.C. purchased a new stake in shares of PROG Holdings, Inc (NYSE:PRG) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 73,189 shares of the fintech holding company’s stock, valued at approximately $2,158,000. Landscape Capital Management L.L.C. owned about 0.19% of PROG at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of PROG by 436.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after buying an additional 1,483,751 shares during the last quarter. State Street Corp lifted its stake in shares of PROG by 5.6% in the 4th quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock valued at $49,524,000 after acquiring an additional 89,035 shares during the last quarter. LSV Asset Management boosted its holdings in shares of PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after acquiring an additional 317,600 shares in the last quarter. UBS Group AG boosted its holdings in shares of PROG by 102.4% during the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after acquiring an additional 416,658 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in PROG by 1.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 756,270 shares of the fintech holding company’s stock worth $24,473,000 after acquiring an additional 8,552 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

PROG Stock Performance

Shares of PROG stock opened at $38.48 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. PROG Holdings, Inc has a twelve month low of $25.80 and a twelve month high of $41.14. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 10.51 and a beta of 1.82. The company’s fifty day moving average is $33.58 and its 200 day moving average is $32.26.

PROG (NYSE:PRG) last issued its quarterly earnings data 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. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $742.67 million for the quarter, compared to analysts’ expectations of $732.70 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. PROG’s revenue for the quarter was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Sell-side analysts forecast that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. PROG’s payout ratio is currently 15.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. TD Cowen lifted their price target on shares of PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research note on Thursday, April 30th. B. Riley Financial reissued a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Finally, Wall Street Zen cut shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

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.