PROG (NYSE:PRG) Stock Price Down 4.6% – What’s Next?

PROG Holdings, Inc (NYSE:PRG) dropped 4.6% on Thursday . The company traded as low as $43.51 and last traded at $43.11. 17,674 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 523,459 shares. The stock had previously closed at $45.17.

Analyst Ratings Changes

A number of analysts recently commented on the company. Loop Capital downgraded PROG from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. TD Cowen upped their price objective on PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Zacks Research lowered PROG from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Stephens lifted their target price on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PROG presently has an average rating of “Moderate Buy” and an average target price of $44.42.

PROG Stock Performance

The company has a market capitalization of $1.77 billion, a P/E ratio of 12.04 and a beta of 1.78. 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 company’s fifty day moving average is $36.91 and its 200 day moving average is $33.46.

PROG (NYSE:PRG) last issued its earnings results 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. The business had revenue of $742.67 million for the quarter, compared to analysts’ expectations of $732.70 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, equities analysts anticipate that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s payout ratio is presently 15.30%.

Institutional Trading of PROG

A number of institutional investors have recently added to or reduced their stakes in PRG. Quarry LP grew its holdings in PROG by 82.8% during the 4th 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 purchased a new stake in shares of PROG in the first quarter worth about $38,000. Federation des caisses Desjardins du Quebec purchased a new stake in shares of PROG in the fourth quarter worth about $44,000. GAMMA Investing LLC boosted its position in shares of PROG by 45.3% in the fourth 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 period. Finally, WealthCollab LLC boosted its position in shares of PROG by 61.9% in the second 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 period. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Company 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.