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

Shares of PROG Holdings, Inc (NYSE:PRG) have received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.3571.

PRG has been the subject of a number of research analyst reports. B. Riley Financial reissued a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Jefferies Financial Group raised PROG from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $60.00 in a research report on Wednesday, July 8th. Wall Street Zen lowered PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Zacks Research lowered shares of PROG from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th.

PROG Stock Up 1.0%

Shares of NYSE PRG opened at $45.44 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41. The company has a market cap of $1.82 billion, a P/E ratio of 12.41 and a beta of 1.78. PROG has a 1 year low of $25.80 and a 1 year high of $47.73. The firm has a 50-day simple moving average of $39.56 and a two-hundred day simple moving average of $34.72.

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

PROG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s dividend payout ratio (DPR) is currently 15.30%.

Institutional Investors Weigh In On PROG

Several large investors have recently added to or reduced their stakes in PRG. Goldman Sachs Group Inc. grew its stake in PROG by 436.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after acquiring an additional 1,483,751 shares in the last quarter. State Street Corp raised its stake in shares of PROG by 5.6% during the fourth 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 in the last quarter. LSV Asset Management raised its stake in shares of PROG by 37.7% during the fourth 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. First Trust Advisors LP boosted its holdings 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 valued at $24,100,000 after purchasing an additional 717,932 shares during the period. Finally, UBS Group AG boosted its holdings 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 valued at $26,654,000 after purchasing an additional 416,658 shares during the period. 97.92% of the stock is owned by hedge funds and other 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.