Wall Street Zen cut shares of PROG (NYSE:PRG – Free Report) from a strong-buy rating to a buy rating in a report published on Sunday morning,Wall Street Zen reports.
A number of other brokerages have also weighed in on PRG. Loop Capital lowered shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a report on Wednesday, July 1st. KeyCorp raised their target price on PROG from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. B. Riley Financial boosted their price target on PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, TD Cowen increased their price objective on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, PROG presently has an average rating of “Moderate Buy” and a consensus target price of $49.44.
View Our Latest Research Report on PROG
PROG Stock Performance
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 analysts’ consensus estimates of $0.95 by $0.24. The company had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, equities analysts anticipate that PROG will post 4.95 EPS for the current fiscal year.
PROG Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. PROG’s dividend payout ratio (DPR) is presently 15.47%.
Insider Activity
In other news, insider Michael King sold 1,070 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the sale, the insider owned 60,825 shares in the company, valued at $2,797,950. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO George M. Sewell sold 2,000 shares of the firm’s 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 sale, the chief accounting officer directly owned 28,385 shares in the company, valued at approximately $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,000 shares of company stock valued at $183,060. Insiders own 3.72% of the company’s stock.
Hedge Funds Weigh In On PROG
Several large investors have recently made changes to their positions in PRG. Quarry LP raised its position in shares of PROG by 82.8% in 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 during the period. Global Assets Advisory LLC acquired a new stake in shares of PROG during the 1st quarter valued at about $38,000. Ameritas Advisory Services LLC purchased a new position in shares of PROG in the 2nd quarter valued at about $44,000. Federation des caisses Desjardins du Quebec acquired a new position in PROG in the 4th quarter worth about $44,000. Finally, WealthCollab LLC raised its holdings in PROG by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after purchasing an additional 800 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.
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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