Wealth Enhancement Advisory Services LLC Acquires 36,788 Shares of Aaron’s Holdings Company, Inc. $PRG

Wealth Enhancement Advisory Services LLC raised its position in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 142.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,609 shares of the company’s stock after buying an additional 36,788 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.16% of Aaron’s worth $1,926,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PRG. Ameritas Advisory Services LLC bought a new stake in Aaron’s during the second quarter worth about $27,000. GAMMA Investing LLC increased its holdings in Aaron’s by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after purchasing an additional 447 shares in the last quarter. Whittier Trust Co. increased its position in Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after purchasing an additional 851 shares during the period. WealthCollab LLC lifted its position in shares of Aaron’s by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after purchasing an additional 800 shares during the period. Finally, CWM LLC boosted its stake in shares of Aaron’s by 225.4% in the 2nd quarter. CWM LLC now owns 2,841 shares of the company’s stock valued at $83,000 after purchasing an additional 1,968 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PRG shares. TD Cowen dropped their target price on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective on the stock in a research note on Friday, November 21st. B. Riley initiated coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They set a “buy” rating and a $50.00 target price for the company. Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Aaron’s has a consensus rating of “Moderate Buy” and a consensus price target of $38.83.

Aaron’s Stock Up 0.1%

Aaron’s stock opened at $32.46 on Friday. The firm has a 50 day simple moving average of $30.72 and a 200 day simple moving average of $31.45. Aaron’s Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $44.42. 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 company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.6%. Aaron’s’s payout ratio is currently 13.20%.

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.