Allianz Asset Management GmbH Purchases 91,574 Shares of Aaron’s Holdings Company, Inc. $PRG

Allianz Asset Management GmbH lifted its position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 10.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 998,674 shares of the company’s stock after buying an additional 91,574 shares during the quarter. Allianz Asset Management GmbH’s holdings in Aaron’s were worth $29,311,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC grew its position in Aaron’s by 2.3% in the 2nd quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock worth $519,000 after purchasing an additional 390 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Aaron’s by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company’s stock valued at $91,000 after buying an additional 413 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Aaron’s by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after buying an additional 447 shares in the last quarter. Diversified Trust Co increased its holdings in Aaron’s by 7.2% in the 1st quarter. Diversified Trust Co now owns 8,647 shares of the company’s stock valued at $230,000 after acquiring an additional 583 shares during the last quarter. Finally, Legato Capital Management LLC increased its holdings in Aaron’s by 2.7% in the 1st quarter. Legato Capital Management LLC now owns 26,227 shares of the company’s stock valued at $698,000 after acquiring an additional 693 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. Finally, BTIG Research reaffirmed a “sell” rating and set a $27.00 target price on shares of Aaron’s in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.50.

Aaron’s Stock Performance

Aaron’s stock opened at $31.37 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 6.20 and a beta of 1.79. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $49.90. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.82 and a current ratio of 5.71. The company has a 50 day moving average price of $33.67 and a 200-day moving average price of $30.35.

Aaron’s (NYSE:PRG) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. The company had revenue of $604.66 million during the quarter, compared to the consensus estimate of $586.25 million. Aaron’s had a net margin of 8.53% and a return on equity of 22.54%. Aaron’s’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Aaron’s has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. As a group, equities analysts forecast that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.7%. Aaron’s’s payout ratio is 10.28%.

About Aaron’s

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.