Analysts Set Aaron’s Holdings Company, Inc. (NYSE:PRG) Price Target at $41.80

Shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) have received an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.80.

Several brokerages have issued reports on PRG. Zacks Research upgraded shares of Aaron’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. B. Riley Financial assumed coverage on shares of Aaron’s in a research note on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price objective on the stock. Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. TD Cowen lifted their target price on Aaron’s from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research note on Thursday, January 22nd.

Aaron’s Stock Performance

Shares of PRG stock opened at $27.75 on Thursday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.71 and a beta of 1.71. The company has a current ratio of 4.71, a quick ratio of 2.32 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $33.05 and its 200-day moving average price is $31.68. Aaron’s has a 12 month low of $23.50 and a 12 month high of $41.14.

Aaron’s (NYSE:PRG) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.14. Aaron’s had a return on equity of 20.99% and a net margin of 5.97%.The company had revenue of $525.36 million during the quarter, compared to the consensus estimate of $581.82 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The firm’s revenue was down 5.2% compared to the same quarter last year. 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. Equities research analysts forecast that Aaron’s will post 3.45 EPS for the current year.

Aaron’s Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Thursday, March 12th will be given a $0.14 dividend. This is an increase from Aaron’s’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, March 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. Aaron’s’s dividend payout ratio is presently 15.56%.

Hedge Funds Weigh In On Aaron’s

A number of hedge funds have recently bought and sold shares of PRG. Envestnet Portfolio Solutions Inc. grew its position in shares of Aaron’s by 2.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the company’s stock valued at $389,000 after purchasing an additional 344 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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 valued at $304,000 after purchasing an additional 418 shares during the period. Quarry LP lifted its holdings in Aaron’s by 82.8% during the 4th quarter. Quarry LP now owns 1,117 shares of the company’s stock worth $33,000 after purchasing an additional 506 shares in the last quarter. Horizon Investments LLC lifted its holdings in Aaron’s by 2.6% during the 4th quarter. Horizon Investments LLC now owns 20,948 shares of the company’s stock worth $618,000 after purchasing an additional 537 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Aaron’s by 45.3% in the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the company’s stock worth $53,000 after purchasing an additional 563 shares during the period. Institutional investors own 97.92% of the company’s stock.

About Aaron’s

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.