PROG Holdings, Inc (NYSE:PRG – Get Free Report) CAO George Sewell sold 2,000 shares of PROG stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total value of $91,060.00. Following the completion of the transaction, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at approximately $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
PROG Stock Down 1.5%
Shares of NYSE:PRG opened at $42.79 on Friday. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $47.73. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.29. The business’s 50-day moving average is $42.06 and its 200-day moving average is $35.89. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.82 and a beta of 1.79.
PROG (NYSE:PRG – Get Free Report) last released its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.95 by $0.24. The business had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities research analysts predict that PROG Holdings, Inc will post 4.95 earnings per share for the current year.
PROG Dividend Announcement
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of PROG from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $60.00 in a research note on Wednesday, July 8th. B. Riley Financial lifted their price target on shares of PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial reiterated an “outperform” rating and set a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. Wall Street Zen raised shares of PROG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, PROG presently has an average rating of “Moderate Buy” and an average price target of $49.44.
Check Out Our Latest Stock Report on PRG
Hedge Funds Weigh In On PROG
Large investors have recently modified their holdings of the company. Quarry LP grew its position in PROG by 82.8% in the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares during the period. Global Assets Advisory LLC acquired a new position in PROG during the first quarter worth $38,000. Federation des caisses Desjardins du Quebec acquired a new position in PROG during the fourth quarter worth $44,000. WealthCollab LLC lifted its stake in shares of PROG by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after buying an additional 800 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of PROG during the first quarter valued at about $129,000. 97.92% of the stock is currently owned by institutional investors.
About PROG
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.
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