PROG Holdings, Inc (NYSE:PRG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

A number of brokerages recently issued reports on PRG. Weiss Ratings raised shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. 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. Stephens lifted their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, B. Riley Financial reissued a “buy” rating on shares of PROG in a research note on Thursday, April 30th.

PROG Stock Up 5.6%

NYSE PRG opened at $45.83 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. PROG has a 1-year low of $25.80 and a 1-year high of $46.11. The company has a 50 day moving average of $35.58 and a 200-day moving average of $32.93. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 12.52 and a beta of 1.82.

PROG (NYSE:PRG) last released its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $732.70 million. During the same period in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, equities research analysts expect that PROG will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s payout ratio is presently 15.30%.

Institutional Trading of PROG

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of PROG by 436.0% in 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 purchasing an additional 1,483,751 shares during the last quarter. State Street Corp grew its stake in shares of PROG by 5.6% in the fourth quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock worth $49,524,000 after purchasing an additional 89,035 shares during the last quarter. LSV Asset Management grew its stake in shares of PROG by 37.7% in the fourth quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock worth $34,205,000 after purchasing an additional 317,600 shares during the last quarter. First Trust Advisors LP grew its stake in shares of PROG by 588.0% in the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after purchasing an additional 717,932 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after purchasing an additional 416,658 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

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.