PROG Holdings, Inc (NYSE:PRG) Stock Has Consensus Target Price of $49.44

Shares of PROG Holdings, Inc (NYSE:PRG) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $48.19.

A number of research analysts have recently commented on PRG shares. Weiss Ratings lowered PROG from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. KeyCorp upped their price objective on shares of PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Jefferies Financial Group decreased their target price on shares of PROG from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday. Loop Capital cut shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th.

PROG Stock Performance

Shares of PRG stock opened at $30.38 on Monday. PROG has a 12-month low of $25.80 and a 12-month high of $47.73. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.39 and a beta of 1.78. The business has a 50 day simple moving average of $37.96 and a 200 day simple moving average of $37.01. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29.

PROG (NYSE:PRG) last posted its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS 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 firm had revenue of $719.72 million for the quarter, compared to analysts’ expectations 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. On average, equities research analysts anticipate that PROG will post 4.93 EPS for the current year.

PROG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were issued a $0.14 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 annualized dividend and a dividend yield of 1.8%. PROG’s dividend payout ratio (DPR) is 15.47%.

Insider Buying and Selling

In other PROG news, insider Michael King sold 1,070 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the completion of the sale, the insider directly owned 60,825 shares in the company, valued at $2,797,950. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO George M. Sewell sold 2,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the transaction, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at approximately $1,292,369.05. The trade was a 6.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,000 shares of company stock worth $183,060 in the last quarter. Company insiders own 3.72% of the company’s stock.

Hedge Funds Weigh In On PROG

Several hedge funds have recently modified their holdings of PRG. Allworth Financial LP boosted its holdings in PROG by 61.9% in the second quarter. Allworth Financial LP now owns 897 shares of the fintech holding company’s stock worth $42,000 after purchasing an additional 343 shares in the last quarter. HB Wealth Management LLC raised its holdings in PROG by 1.7% during the first quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company’s stock valued at $616,000 after buying an additional 359 shares in the last quarter. GAMMA Investing LLC raised its holdings in PROG by 19.2% during the second quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company’s stock valued at $136,000 after buying an additional 468 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of PROG in the second quarter worth about $34,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of PROG by 5.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,465 shares of the fintech holding company’s stock worth $628,000 after buying an additional 756 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

About PROG

PROG Holdings, Inc is a financial technology company that provides flexible payment and lease-to-own solutions to consumers and retail partners. Its primary business is Progressive Leasing, an omnichannel lease-to-own platform that enables customers to acquire products through participating retailers and repay over time through structured lease payments.

Progressive Leasing supports purchases across categories such as furniture, appliances, electronics, mattresses, jewelry and other household goods.