Portolan Capital Management LLC Acquires New Stake in Aaron’s Holdings Company, Inc. $PRG

Portolan Capital Management LLC purchased a new stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 150,161 shares of the company’s stock, valued at approximately $4,859,000. Portolan Capital Management LLC owned about 0.38% of Aaron’s as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PRG. WealthCollab LLC lifted its position in shares of 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 buying an additional 800 shares in the last quarter. CWM LLC raised its stake in Aaron’s by 85.1% during the 3rd quarter. CWM LLC now owns 5,258 shares of the company’s stock worth $170,000 after acquiring an additional 2,417 shares during the period. Cim Investment Management Inc. bought a new stake in Aaron’s during the 2nd quarter worth approximately $191,000. Stephens Inc. AR purchased a new position in Aaron’s during the third quarter valued at approximately $208,000. Finally, Hohimer Wealth Management LLC purchased a new position in Aaron’s during the third quarter valued at approximately $216,000. 97.92% of the stock is currently owned by institutional investors.

Aaron’s Price Performance

NYSE:PRG opened at $28.10 on Friday. The business’s 50-day moving average is $33.29 and its 200 day moving average is $31.95. Aaron’s Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $41.14. The company has a market capitalization of $1.11 billion, a P/E ratio of 7.81 and a beta of 1.71. The company has a current ratio of 4.71, a quick ratio of 2.32 and a debt-to-equity ratio of 0.80.

Aaron’s (NYSE:PRG) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.14. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The business had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. During the same quarter last year, the business posted $0.80 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. On average, equities research analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Thursday, March 12th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Aaron’s’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, March 12th. Aaron’s’s payout ratio is 15.56%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PRG shares. Zacks Research raised shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. 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 report on Friday, November 21st. B. Riley Financial assumed coverage on Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price target for the company. Finally, TD Cowen raised their price target on Aaron’s from $42.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $41.80.

Aaron’s Company 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.