Analysts Set PROG Holdings, Inc (NYSE:PRG) Target Price at $49.44

PROG Holdings, Inc (NYSE:PRG) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.4375.

Several research analysts have recently commented on the company. B. Riley Financial raised their price objective on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, July 1st. KeyCorp boosted their price objective on PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. TD Cowen increased their target price on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Zacks Research upgraded shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th.

PROG Trading Down 1.6%

NYSE:PRG opened at $41.47 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.46 and a beta of 1.79. PROG has a one year low of $25.80 and a one year high of $47.73. The business has a fifty day moving average price of $42.95 and a 200-day moving average price of $36.37.

PROG (NYSE:PRG) last released its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The company had revenue of $719.72 million for the quarter, compared to the consensus estimate of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Sell-side analysts forecast that PROG will post 4.95 EPS for the current year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 18th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, August 18th. PROG’s dividend payout ratio is presently 15.47%.

Insiders Place Their Bets

In other news, insider Michael Todd King sold 1,070 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the sale, the insider directly owned 60,825 shares in the company, valued at $2,797,950. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO George M. Sewell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total transaction of $91,060.00. Following the sale, the chief accounting officer owned 28,385 shares in the company, valued at $1,292,369.05. The trade was a 6.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,000 shares of company stock valued at $183,060. Corporate insiders own 3.72% of the company’s stock.

Institutional Investors Weigh In On PROG

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP raised its position in shares of PROG by 588.0% during the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock valued at $24,100,000 after buying an additional 717,932 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of PROG during the first quarter worth $837,000. Bank of New York Mellon Corp boosted its position in shares of PROG by 30.0% during the first quarter. Bank of New York Mellon Corp now owns 612,601 shares of the fintech holding company’s stock worth $17,576,000 after acquiring an additional 141,221 shares during the last quarter. Dean Capital Management grew its stake in PROG by 310.2% during the first quarter. Dean Capital Management now owns 57,368 shares of the fintech holding company’s stock valued at $1,646,000 after acquiring an additional 43,384 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in PROG by 30.4% during the first quarter. Empowered Funds LLC now owns 174,335 shares of the fintech holding company’s stock valued at $5,002,000 after acquiring an additional 40,605 shares in the last quarter. 97.92% of the stock is owned by institutional investors.

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.