Aaron’s (NYSE:PRG) Earns Buy Rating from Analysts at B. Riley

B. Riley began coverage on shares of Aaron’s (NYSE:PRG) in a research note released on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $50.00 price target on the stock.

A number of other analysts have also recently weighed in on the company. TD Cowen cut their price target on Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. BTIG Research upgraded Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price for the company in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.71.

Aaron’s Stock Performance

Shares of Aaron’s stock opened at $30.67 on Tuesday. Aaron’s has a one year low of $23.50 and a one year high of $44.42. The company has a market cap of $1.21 billion, a PE ratio of 7.78 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74. The business has a 50-day simple moving average of $29.53 and a 200-day simple moving average of $31.04.

Aaron’s (NYSE:PRG) last issued its earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.17. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The firm had revenue of $595.11 million for the quarter, compared to analysts’ expectations of $586.11 million. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS and its Q4 2025 guidance at 0.550-0.650 EPS. On average, equities research analysts forecast that Aaron’s will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, November 18th. Aaron’s’s payout ratio is presently 13.20%.

Institutional Trading of Aaron’s

A number of large investors have recently bought and sold shares of PRG. Ameritas Advisory Services LLC acquired a new position in Aaron’s in the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Aaron’s by 785.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock worth $28,000 after buying an additional 927 shares during the last quarter. GAMMA Investing LLC increased its position in Aaron’s by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after acquiring an additional 447 shares during the period. Whittier Trust Co. raised its stake in Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after acquiring an additional 851 shares during the last quarter. Finally, WealthCollab LLC raised its stake in Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.