Inspire Advisors LLC Lowers Holdings in Aaron’s Holdings Company, Inc. $PRG

Inspire Advisors LLC lowered its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 27.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,121 shares of the company’s stock after selling 4,675 shares during the quarter. Inspire Advisors LLC’s holdings in Aaron’s were worth $356,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in Aaron’s in the second quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Aaron’s by 785.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock valued at $28,000 after purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Aaron’s by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. grew its stake in shares of 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 buying an additional 851 shares during the period. Finally, CWM LLC increased its holdings in shares of Aaron’s by 225.4% during the 2nd quarter. CWM LLC now owns 2,841 shares of the company’s stock worth $83,000 after buying an additional 1,968 shares during the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

Aaron’s Trading Up 0.5%

NYSE PRG opened at $26.32 on Thursday. Aaron’s Holdings Company, Inc. has a 52 week low of $23.50 and a 52 week high of $49.49. The stock has a market cap of $1.04 billion, a P/E ratio of 6.68 and a beta of 1.78. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $31.24 and its 200-day simple moving average is $30.92.

Aaron’s (NYSE:PRG) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $595.11 million for the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Equities research analysts predict that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.0%. Aaron’s’s dividend payout ratio is currently 13.20%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. TD Cowen cut their price objective on Aaron’s from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Wall Street Zen lowered Aaron’s from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, BTIG Research increased their target price on shares of Aaron’s from $27.00 to $31.00 and gave the stock a “sell” rating in a research report on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.33.

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.