PROG (NYSE:PRG) Hits New 52-Week High – What’s Next?

Shares of PROG Holdings, Inc (NYSE:PRG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.00 and last traded at $46.30, with a volume of 1042708 shares trading hands. The stock had previously closed at $46.11.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stephens raised their target price on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. TD Cowen lifted their price objective on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised PROG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.70.

PROG Stock Performance

The business has a fifty day simple moving average of $35.90 and a 200-day simple moving average of $33.07. 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 cap of $1.86 billion, a P/E ratio of 12.65 and a beta of 1.82.

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

PROG Dividend Announcement

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

Institutional Investors Weigh In On PROG

A number of hedge funds and other institutional investors have recently bought and sold shares of PRG. Envestnet Portfolio Solutions Inc. grew its position in PROG by 2.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock valued at $389,000 after purchasing an additional 344 shares during the last quarter. HB Wealth Management LLC raised its holdings in PROG by 1.7% in the first quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company’s stock worth $616,000 after buying an additional 359 shares during the last quarter. Quarry LP raised its holdings in PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after buying an additional 506 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of PROG by 2.6% in the fourth quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company’s stock worth $618,000 after buying an additional 537 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of PROG by 45.3% in the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after buying an additional 563 shares in the last quarter. Hedge funds and other 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.