Aaron’s (NYSE:PRG) Price Target Raised to $31.00

Aaron’s (NYSE:PRG) had its price target upped by equities research analysts at BTIG Research from $27.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. BTIG Research’s price objective would suggest a potential downside of 4.94% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on PRG. Wall Street Zen cut shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Aaron’s Price Performance

Shares of PRG opened at $32.61 on Thursday. Aaron’s has a 1-year low of $23.50 and a 1-year high of $49.90. The stock has a market cap of $1.29 billion, a PE ratio of 6.44 and a beta of 1.79. The firm has a 50-day simple moving average of $33.61 and a two-hundred day simple moving average of $30.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82.

Aaron’s (NYSE:PRG) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. Aaron’s had a net margin of 8.53% and a return on equity of 22.54%. The business had revenue of $595.11 million during the quarter, compared to analysts’ expectations of $586.11 million. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. As a group, analysts forecast that Aaron’s will post 3.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in Aaron’s in the second quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Aaron’s by 785.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock worth $28,000 after acquiring an additional 927 shares during the last quarter. GAMMA Investing LLC lifted its stake in Aaron’s by 66.2% in the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after acquiring an additional 447 shares during the last quarter. Whittier Trust Co. lifted its stake 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 acquiring an additional 851 shares during the last quarter. Finally, WealthCollab LLC lifted its stake 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 last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

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.