16,587 Shares in Aaron’s Holdings Company, Inc. $PRG Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. bought a new position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,587 shares of the company’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PRG. Breach Inlet Capital Management LLC grew its stake in shares of Aaron’s by 140.7% during the first quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock worth $18,722,000 after purchasing an additional 411,459 shares in the last quarter. Nuveen LLC acquired a new position in shares of Aaron’s during the first quarter worth $10,770,000. Vulcan Value Partners LLC grew its stake in shares of Aaron’s by 84.3% during the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company’s stock worth $18,134,000 after purchasing an additional 311,917 shares in the last quarter. Millennium Management LLC grew its stake in shares of Aaron’s by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock worth $17,913,000 after purchasing an additional 259,630 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Aaron’s during the second quarter worth $6,191,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PRG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Saturday. BTIG Research upped their price objective on shares of Aaron’s from $27.00 to $31.00 and gave the company a “sell” rating in a research note on Thursday. Wall Street Zen upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TD Cowen decreased their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.33.

Aaron’s Stock Performance

NYSE PRG opened at $31.03 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.82. Aaron’s Holdings Company, Inc. has a 1 year low of $23.50 and a 1 year high of $49.90. The company has a market capitalization of $1.23 billion, a PE ratio of 7.87 and a beta of 1.79. The company has a fifty day moving average of $33.51 and a two-hundred day moving average of $30.60.

Aaron’s (NYSE:PRG) last announced its earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The business had revenue of $595.11 million during the quarter, compared to the consensus estimate of $586.11 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. 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 expect 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. Aaron’s’s dividend payout ratio is 13.20%.

Aaron’s Company Profile

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.