Aaron’s Holdings Company, Inc. $PRG Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) by 22.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,679 shares of the company’s stock after acquiring an additional 44,604 shares during the quarter. Principal Financial Group Inc. owned about 0.62% of Aaron’s worth $7,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Yousif Capital Management LLC increased its position in Aaron’s by 2.3% during the second quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock worth $519,000 after purchasing an additional 390 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Aaron’s by 4.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,360 shares of the company’s stock worth $304,000 after buying an additional 418 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Aaron’s by 2.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,395 shares of the company’s stock valued at $687,000 after buying an additional 567 shares during the period. Diversified Trust Co lifted its holdings in Aaron’s by 7.1% in the third quarter. Diversified Trust Co now owns 9,263 shares of the company’s stock valued at $300,000 after acquiring an additional 616 shares during the last quarter. Finally, WealthCollab LLC grew its position in Aaron’s by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. B. Riley Financial initiated coverage on Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 target price on the stock. Wall Street Zen lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research report on Thursday, January 22nd. TD Cowen dropped their price target on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, BTIG Research upgraded shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective on the stock in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Aaron’s Price Performance

Shares of NYSE PRG opened at $33.36 on Friday. The stock’s 50-day moving average is $31.65 and its two-hundred day moving average is $31.71. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 8.47 and a beta of 1.73. Aaron’s Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $43.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65.

Aaron’s Company Profile

PROG Holdings, Inc (NYSE: PRG), 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.