PROG (NYSE:PRG) Hits New 52-Week High – Should You Buy?

PROG Holdings, Inc (NYSE:PRG)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $47.73 and last traded at $47.5330, with a volume of 417240 shares. The stock had previously closed at $46.51.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PRG. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. TD Cowen raised their target price on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target on shares of PROG in a report on Thursday, April 30th. Finally, Zacks Research lowered PROG from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.36.

PROG Trading Up 2.2%

The firm has a market cap of $1.90 billion, a P/E ratio of 12.99 and a beta of 1.78. The business’s 50-day moving average is $38.70 and its two-hundred day moving average is $34.27. 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 issued its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. The company had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.PROG’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, analysts expect that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Announces Dividend

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

Hedge Funds Weigh In On PROG

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of PROG by 2.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock valued at $389,000 after buying an additional 344 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of PROG by 1.7% in the first quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company’s stock worth $616,000 after buying an additional 359 shares during the period. GAMMA Investing LLC increased its position in shares of PROG by 19.2% in the second quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company’s stock worth $136,000 after acquiring an additional 468 shares in the last quarter. Quarry LP raised its holdings in shares of PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after acquiring an additional 506 shares during the period. Finally, Horizon Investments LLC boosted its stake in PROG by 2.6% in the 4th quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company’s stock worth $618,000 after purchasing an additional 537 shares during the period. Institutional investors and hedge funds 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.