PROG Holdings, Inc $PRG Shares Sold by Dean Capital Management

Dean Capital Management decreased its position in PROG Holdings, Inc (NYSE:PRG) by 81.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,984 shares of the fintech holding company’s stock after selling 63,422 shares during the period. Dean Capital Management’s holdings in PROG were worth $412,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in PROG by 23.4% in the first quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock worth $955,000 after purchasing an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 buying an additional 1,162 shares in the last quarter. Millennium Management LLC grew its position in PROG by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after buying an additional 259,630 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of PROG during the first quarter valued at approximately $233,000. Institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PRG shares. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. TD Cowen lifted their price objective on shares of PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Stephens upped their price objective on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, PROG has an average rating of “Moderate Buy” and an average target price of $43.70.

PROG Trading Up 0.3%

Shares of PRG opened at $38.55 on Friday. PROG Holdings, Inc has a 12-month low of $25.80 and a 12-month high of $41.14. The stock’s fifty day simple moving average is $34.39 and its 200-day simple moving average is $32.51. 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 firm has a market capitalization of $1.54 billion, a PE ratio of 10.53 and a beta of 1.82.

PROG (NYSE:PRG) last issued its quarterly earnings data 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. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business had revenue of $742.67 million during the quarter, compared to analyst estimates of $732.70 million. During the same period in the previous year, the firm earned $0.90 EPS. PROG’s quarterly revenue was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, research analysts predict that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. PROG’s dividend payout ratio (DPR) is 15.30%.

PROG 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.