Zacks Research upgraded shares of PROG (NYSE:PRG – Free Report) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.
Several other analysts have also weighed in on PRG. Raymond James Financial reiterated an “outperform” rating and set a $45.00 target price on shares of PROG in a research report on Thursday, April 30th. Weiss Ratings lowered shares of PROG from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. TD Cowen boosted their price target on shares of PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. B. Riley Financial restated a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of PROG from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.
PROG Stock Performance
PROG (NYSE:PRG – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The company had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same period last year, the business posted $0.90 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Equities research analysts forecast that PROG will post 4.7 EPS for the current year.
PROG Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. PROG’s payout ratio is 15.30%.
Institutional Investors Weigh In On PROG
Several large investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in PROG by 2.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company’s stock valued at $389,000 after purchasing an additional 344 shares in the last quarter. HB Wealth Management LLC increased its position in shares of PROG by 1.7% during the first quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company’s stock worth $616,000 after acquiring an additional 359 shares in the last quarter. Quarry LP increased its position in shares of PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after acquiring an additional 506 shares in the last quarter. Horizon Investments LLC increased its position in shares of PROG by 2.6% during the fourth quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company’s stock worth $618,000 after acquiring an additional 537 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of PROG by 45.3% during the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after acquiring an additional 563 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.
PROG Company Profile
PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.
The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.
See Also
- Five stocks we like better than PROG
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
Receive News & Ratings for PROG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROG and related companies with MarketBeat.com's FREE daily email newsletter.
