Landscape Capital Management L.L.C. Purchases Shares of 73,189 PROG Holdings, Inc $PRG

Landscape Capital Management L.L.C. purchased a new stake in shares of PROG Holdings, Inc (NYSE:PRG) during the fourth quarter, Holdings Channel reports. The fund purchased 73,189 shares of the fintech holding company’s stock, valued at approximately $2,158,000.

A number of other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in PROG by 436.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock valued at $53,792,000 after acquiring an additional 1,483,751 shares during the last quarter. State Street Corp boosted its position in 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 during the last quarter. LSV Asset Management boosted its position in 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 during the last quarter. UBS Group AG boosted its position in PROG by 102.4% during the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after acquiring an additional 416,658 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in PROG by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 756,270 shares of the fintech holding company’s stock valued at $24,473,000 after acquiring an additional 8,552 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

PROG Price Performance

Shares of NYSE PRG opened at $38.48 on Tuesday. The firm’s 50-day moving average price is $33.58 and its 200-day moving average price is $32.26. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $41.14. The firm has a market capitalization of $1.54 billion, a P/E ratio of 10.51 and a beta of 1.82. 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 (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The firm had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’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. Equities research analysts anticipate that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

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

Analysts Set New Price Targets

PRG has been the topic of a number of research analyst reports. Weiss Ratings cut shares of PROG from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. TD Cowen upped their price target on shares of PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of PROG in a report on Thursday, April 30th. Stephens upped their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, PROG presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.70.

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.