40,530 Shares in Aaron’s Holdings Company, Inc. $PRG Acquired by Vest Financial LLC

Vest Financial LLC acquired a new stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 40,530 shares of the company’s stock, valued at approximately $1,312,000. Vest Financial LLC owned about 0.10% of Aaron’s as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in PRG. Allianz Asset Management GmbH increased its stake in shares of Aaron’s by 10.1% in the second quarter. Allianz Asset Management GmbH now owns 998,674 shares of the company’s stock worth $29,311,000 after buying an additional 91,574 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Aaron’s by 12.1% during the second quarter. Ameriprise Financial Inc. now owns 747,718 shares of the company’s stock valued at $21,946,000 after acquiring an additional 80,434 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Aaron’s by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after purchasing an additional 259,630 shares during the period. Palisade Capital Management LP grew its stake in shares of Aaron’s by 9.4% in the second quarter. Palisade Capital Management LP now owns 631,744 shares of the company’s stock worth $18,542,000 after purchasing an additional 54,388 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Aaron’s by 1.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 468,610 shares of the company’s stock valued at $13,754,000 after purchasing an additional 8,386 shares during the period. Institutional investors own 97.92% of the company’s stock.

Analyst Ratings Changes

PRG has been the subject of several research analyst reports. Wall Street Zen cut Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Thursday. TD Cowen decreased their price objective on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, January 8th. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price for the company in a research report on Friday, November 21st. Finally, B. Riley started coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.83.

Aaron’s Stock Performance

Shares of PRG stock opened at $33.14 on Friday. The company’s fifty day moving average price is $30.12 and its 200-day moving average price is $31.36. The stock has a market cap of $1.31 billion, a PE ratio of 8.41 and a beta of 1.75. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85. Aaron’s Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $44.42.

Aaron’s (NYSE:PRG) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The company had revenue of $595.11 million during the quarter, compared to analysts’ expectations of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. Aaron’s’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. On average, equities analysts expect that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were paid a $0.13 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. Aaron’s’s dividend payout ratio is presently 13.20%.

Aaron’s Profile

PROG Holdings, Inc (NYSE: PRG), 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.