Brokerages Set PROG Holdings, Inc (NYSE:PRG) Price Target at $43.70

Shares of PROG Holdings, Inc (NYSE:PRG) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $44.4167.

PRG has been the subject of several recent research reports. Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. TD Cowen upped their price objective on shares of PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Loop Capital cut shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. Finally, Stephens lifted their target price on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th.

PROG Stock Performance

NYSE PRG opened at $44.05 on Friday. The firm has a market cap of $1.77 billion, a P/E ratio of 12.04 and a beta of 1.78. PROG has a 52-week low of $25.80 and a 52-week high of $47.60. The business’s 50-day moving average price is $36.91 and its 200 day moving average price is $33.46. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. During the same period in the prior year, the business earned $0.90 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, equities research analysts expect that PROG will post 4.7 earnings per share for the current year.

PROG Announces Dividend

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

Hedge Funds Weigh In On PROG

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its stake in shares of PROG by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $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 valued at approximately $38,000. Federation des caisses Desjardins du Quebec purchased a new stake in shares of PROG in the fourth quarter valued at approximately $44,000. GAMMA Investing LLC grew its holdings in PROG by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after acquiring an additional 563 shares during the period. Finally, WealthCollab LLC grew its holdings in PROG by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

About PROG

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.