Aaron’s (NYSE:PRG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Aaron’s (NYSE:PRG) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other research analysts also recently weighed in on PRG. B. Riley Financial assumed coverage on Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Thursday, January 22nd. TD Cowen reduced their price objective on shares of Aaron’s from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 price objective for the company in a report on Friday, November 21st. One 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Aaron’s Stock Down 5.5%

Aaron’s stock opened at $38.28 on Friday. The company has a current ratio of 4.71, a quick ratio of 2.32 and a debt-to-equity ratio of 0.80. Aaron’s has a 1-year low of $23.50 and a 1-year high of $41.14. The firm’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $31.95. The company has a market capitalization of $1.51 billion, a P/E ratio of 10.63 and a beta of 1.73.

Aaron’s (NYSE:PRG) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Aaron’s had a net margin of 5.97% and a return on equity of 20.99%. The firm had revenue of $525.36 million during the quarter, compared to analysts’ expectations of $581.82 million. During the same period in the prior year, the company posted $0.80 earnings per share. Aaron’s’s revenue for the quarter was down 5.2% on a year-over-year basis. Aaron’s has set its Q1 2026 guidance at 0.700-0.900 EPS and its FY 2026 guidance at 4.000-4.450 EPS. Sell-side analysts forecast that Aaron’s will post 3.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aaron’s

Several large investors have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its position in shares of Aaron’s by 17.2% in the 4th quarter. Vident Advisory LLC now owns 22,133 shares of the company’s stock worth $653,000 after acquiring an additional 3,253 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of Aaron’s by 6.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 26,887 shares of the company’s stock valued at $872,000 after purchasing an additional 1,680 shares in the last quarter. Mackenzie Financial Corp lifted its position in Aaron’s by 18.8% in the fourth quarter. Mackenzie Financial Corp now owns 72,343 shares of the company’s stock worth $2,186,000 after purchasing an additional 11,435 shares during the period. Empowered Funds LLC lifted its position in Aaron’s by 9.8% in the fourth quarter. Empowered Funds LLC now owns 133,730 shares of the company’s stock worth $3,944,000 after purchasing an additional 11,912 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Aaron’s during the fourth quarter worth $395,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

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.