PROG Holdings, Inc (NYSE:PRG) Receives $43.70 Consensus Target Price from Brokerages

PROG Holdings, Inc (NYSE:PRG) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $44.4167.

A number of equities research analysts have weighed in on the company. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Raymond James Financial restated an “outperform” rating and set a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Loop Capital lowered PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research note on Wednesday. B. Riley Financial reiterated a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Finally, TD Cowen boosted their target price on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th.

Hedge Funds Weigh In On PROG

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its position in PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after buying an additional 506 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of PROG during the first quarter worth $38,000. Federation des caisses Desjardins du Quebec acquired a new position in shares of PROG during the fourth quarter worth $44,000. GAMMA Investing LLC lifted its stake in shares of PROG by 45.3% in the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock valued at $53,000 after acquiring an additional 563 shares during the last quarter. Finally, WealthCollab LLC lifted its stake in shares of PROG by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

PROG Stock Performance

NYSE PRG opened at $45.37 on Friday. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.40 and a beta of 1.77. The firm’s 50 day simple moving average is $36.43 and its 200 day simple moving average is $33.29. PROG has a 1 year low of $25.80 and a 1 year high of $47.60.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The business had revenue of $742.67 million for the quarter, compared to analysts’ expectations of $732.70 million. During the same period last year, the firm posted $0.90 earnings per share. The firm’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 expect that PROG will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

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

About PROG

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.