Brokerages Set Aaron’s Holdings Company, Inc. (NYSE:PRG) PT at $38.83

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $38.8333.

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. B. Riley started coverage on shares of Aaron’s in a report on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price for the company. TD Cowen cut 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. Wall Street Zen cut shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, BTIG Research upgraded shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price target on the stock in a research note on Friday, November 21st.

Aaron’s Price Performance

Shares of PRG stock opened at $32.46 on Wednesday. The company has a quick ratio of 2.65, a current ratio of 4.74 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.24 and a beta of 1.75. The firm has a fifty day moving average of $30.72 and a 200-day moving average of $31.45. Aaron’s has a 12-month low of $23.50 and a 12-month high of $44.42.

Aaron’s Dividend Announcement

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

Institutional Trading of Aaron’s

Large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in shares of Aaron’s during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC boosted its holdings in Aaron’s by 66.2% during the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. boosted its position in Aaron’s by 157.6% in the second quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock worth $41,000 after purchasing an additional 851 shares during the last quarter. WealthCollab LLC raised its position in Aaron’s by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after acquiring an additional 800 shares during the period. Finally, CWM LLC raised its stake in shares of Aaron’s by 225.4% in the second quarter. CWM LLC now owns 2,841 shares of the company’s stock valued at $83,000 after buying an additional 1,968 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.

About Aaron’s

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.