PROG Holdings, Inc (NYSE:PRG) Stock Has Consensus Target Price of $47.38

Posted by Geri Gentry on Nov 2nd, 2026

Shares of PROG Holdings, Inc (NYSE:PRG – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $47.38.

A number of research analysts recently issued reports on PRG shares. Loop Capital raised shares of PROG from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, October 8th. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th. TD Cowen decreased their target price on PROG from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group cut their price target on shares of PROG from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Finally, Zacks Research lowered PROG from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th.

Read Our Latest Research Report on PROG

PROG Trading Down 0.3%

NYSE:PRG opened at $34.66 on Friday. The company has a quick ratio of 2.25, a current ratio of 3.81 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.34 and a beta of 1.83. PROG has a 1-year low of $25.18 and a 1-year high of $47.73. The stock has a fifty day simple moving average of $34.03 and a 200 day simple moving average of $35.63.

PROG (NYSE:PRG – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The fintech holding company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). PROG had a net margin of 5.46% and a return on equity of 22.01%. The company had revenue of $725.78 million during the quarter, compared to analyst estimates of $735.28 million. Sell-side analysts forecast that PROG will post 4.77 earnings per share for the current year.

PROG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 annualized dividend and a yield of 1.6%. PROG’s dividend payout ratio is presently 15.09%.

Insider Activity at PROG

In related news, CAO George M. Sewell sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total value of $91,060.00. Following the transaction, the chief accounting officer owned 28,385 shares of the company’s stock, valued at $1,292,369.05. This represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael King sold 1,070 shares of PROG stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the transaction, the insider directly owned 60,825 shares of the company’s stock, valued at $2,797,950. The trade was a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,000 shares of company stock worth $183,060 in the last 90 days. Company insiders own 3.72% of the company’s stock.

Hedge Funds Weigh In On PROG

Several institutional investors have recently added to or reduced their stakes in PRG. Integrated Wealth Concepts LLC bought a new stake in shares of PROG during the 2nd quarter worth $34,000. Allworth Financial LP raised its holdings in shares of PROG by 61.9% in the second quarter. Allworth Financial LP now owns 897 shares of the fintech holding company’s stock valued at $42,000 after purchasing an additional 343 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in PROG in the 2nd quarter valued at about $44,000. Sterling Capital Management LLC increased its stake in PROG by 99.2% in the third quarter. Sterling Capital Management LLC now owns 1,006 shares of the fintech holding company’s stock valued at $31,000 after acquiring an additional 501 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of PROG during the first quarter worth about $38,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Key PROG News

Here are the key news stories impacting PROG this week:

Positive Sentiment: Strong quarter and larger buyback: PROG reported a strong quarter and expanded its stock-repurchase program, potentially supporting per-share earnings and signaling management believes the shares are undervalued. However, the company also lowered its outlook. PROG Holdings Stock Has Strong Quarter But Cuts Outlook And Expands Buyback
Positive Sentiment: Analysts see considerable upside: The average analyst price target is reported at $47.38, well above the recent trading level, while TD Cowen maintained a “buy” rating despite reducing its target from $50 to $45. The revised target still implies meaningful upside. PROG Holdings Stock Has Average Price Target of $47.38 According to Analysts TD Cowen price target update
Neutral Sentiment: Investor focus remains on management’s outlook: A review of questions from PROG’s third-quarter earnings call highlights analyst scrutiny of growth, profitability, and the reasons behind the revised guidance. The discussion may help investors assess whether the outlook reduction is temporary or reflects broader consumer-credit and demand concerns. 5 must-read analyst questions from PROG’s Q3 earnings call
Neutral Sentiment: Analyst opinions are mixed: Coverage of PROG alongside other industrial-goods companies indicates that analysts remain divided, limiting the strength of the bullish case despite favorable price targets. Analysts’ Opinions Are Mixed on These Industrial Goods Stocks
Negative Sentiment: Earnings disappointment and guidance cut: PROG recently missed quarterly earnings and revenue expectations, and the reduced outlook pushed the stock to a new 52-week low. These factors remain key risks, even with the buyback and long-term analyst upside. PROG Reaches New 52-Week Low on Disappointing Earnings

PROG Company Profile

(Get Free Report)

PROG Holdings, Inc is a financial technology company that provides consumer payment and lease-to-own solutions through its operating businesses. Its services are designed to help consumers acquire household goods and other merchandise through retail stores, e-commerce websites and other merchant channels.

The company’s primary business is Progressive Leasing, a lease-to-own provider that gives consumers an alternative to traditional credit when purchasing products such as furniture, appliances, electronics, mattresses and other household merchandise.