DGS Capital Management LLC Purchases 4,825 Shares of PROG Holdings, Inc. (NYSE:PRG)

DGS Capital Management LLC grew its position in PROG Holdings, Inc. (NYSE:PRG) by 13.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,478 shares of the company’s stock after buying an additional 4,825 shares during the period. DGS Capital Management LLC owned 0.09% of PROG worth $1,282,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its holdings in shares of PROG by 719.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 178,859 shares of the company’s stock valued at $5,529,000 after buying an additional 157,024 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PROG by 33.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 145,706 shares of the company’s stock valued at $4,839,000 after purchasing an additional 36,776 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of PROG by 161.0% in the 3rd quarter. Victory Capital Management Inc. now owns 107,286 shares of the company’s stock valued at $3,563,000 after purchasing an additional 66,185 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of PROG in the 3rd quarter valued at approximately $921,000. Finally, Nomura Holdings Inc. raised its position in shares of PROG by 621.5% in the 3rd quarter. Nomura Holdings Inc. now owns 144,294 shares of the company’s stock valued at $4,792,000 after purchasing an additional 124,294 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors.

PROG Price Performance

NYSE:PRG traded down $0.25 during trading hours on Tuesday, hitting $31.28. The company’s stock had a trading volume of 40,363 shares, compared to its average volume of 396,446. The company has a market capitalization of $1.37 billion, a PE ratio of 10.65 and a beta of 2.08. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.49 and a current ratio of 3.66. PROG Holdings, Inc. has a 52-week low of $24.28 and a 52-week high of $44.81. The business’s 50-day moving average is $32.28 and its two-hundred day moving average is $30.61.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, February 21st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. PROG had a return on equity of 28.83% and a net margin of 5.77%. The business had revenue of $577.40 million during the quarter, compared to analysts’ expectations of $568.35 million. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, research analysts anticipate that PROG Holdings, Inc. will post 2.83 EPS for the current fiscal year.

PROG Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Wednesday, March 13th. PROG’s dividend payout ratio is 16.22%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Cowen initiated coverage on shares of PROG in a research report on Friday, March 8th. They set an “outperform” rating and a $37.00 price target for the company. Stephens raised shares of PROG from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PROG has a consensus rating of “Moderate Buy” and an average target price of $39.60.

About PROG

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.