DGS Capital Management LLC Boosts Holdings in PROG Holdings, Inc $PRG

DGS Capital Management LLC raised its position in PROG Holdings, Inc (NYSE:PRG) by 34.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,926 shares of the fintech holding company’s stock after acquiring an additional 27,691 shares during the period. PROG makes up approximately 0.5% of DGS Capital Management LLC’s holdings, making the stock its 26th biggest holding. DGS Capital Management LLC owned 0.27% of PROG worth $3,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PRG. Quarry LP lifted its holdings in shares of PROG by 82.8% during 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 last quarter. Federation des caisses Desjardins du Quebec acquired a new stake in shares of PROG in the 4th quarter worth $44,000. GAMMA Investing LLC grew its stake in PROG by 45.3% during the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after buying an additional 563 shares during the last quarter. WealthCollab LLC grew its stake in PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after buying an additional 800 shares during the last quarter. Finally, CWM LLC increased its position in PROG by 15.2% during the 4th quarter. CWM LLC now owns 6,057 shares of the fintech holding company’s stock valued at $179,000 after buying an additional 799 shares in the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PRG shares. Weiss Ratings lowered PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. TD Cowen lifted their target price on shares of PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of PROG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, PROG presently has an average rating of “Moderate Buy” and a consensus price target of $43.70.

PROG Stock Up 2.5%

PROG stock opened at $38.55 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. The business’s 50-day simple moving average is $34.20 and its two-hundred day simple moving average is $32.46. The company has a market cap of $1.54 billion, a PE ratio of 10.53 and a beta of 1.82. PROG Holdings, Inc has a fifty-two week low of $25.80 and a fifty-two week high of $41.14.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. During the same period last year, the business posted $0.90 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Equities analysts anticipate that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, May 19th. PROG’s payout ratio is presently 15.30%.

PROG Company Profile

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.