Aaron's (NYSE:PRG) Rating Lowered to Hold at Wall Street Zen

Key Points

• Aaron's (NYSE:PRG) has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, with other analysts also suggesting mixed ratings, including a "sell" from BTIG Research.
• The company reported a quarterly earnings per share of $1.02, exceeding consensus estimates and showing a year-over-year revenue increase of 2.1%.
• Despite recent downgrades, Aaron's has a market capitalization of $1.19 billion and currently has an average target price of $41.50.

Aaron's (NYSE:PRG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Other analysts have also issued reports about the stock. BTIG Research reiterated a "sell" rating and issued a $27.00 price target on shares of Aaron's in a research report on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Aaron's in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.50.

Aaron's Trading Down 1.6%

NYSE PRG opened at $30.06 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 5.94 and a beta of 1.79. Aaron's has a 52-week low of $23.50 and a 52-week high of $50.12. The firm has a 50-day moving average price of $33.66 and a 200 day moving average price of $30.19. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89.

Aaron's (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The firm had revenue of $604.66 million during the quarter, compared to analysts' expectations of $586.25 million. During the same period in the prior year, the company posted $0.92 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. Aaron's has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. Equities research analysts expect that Aaron's will post 3.45 EPS for the current year.

Hedge Funds Weigh In On Aaron's

A number of hedge funds have recently made changes to their positions in PRG. Oppenheimer & Co. Inc. purchased a new stake in Aaron's during the 1st quarter worth $388,000. GAMMA Investing LLC increased its stake in Aaron's by 2,450.4% during the 1st quarter. GAMMA Investing LLC now owns 17,955 shares of the company's stock worth $478,000 after buying an additional 17,251 shares during the period. Allianz Asset Management GmbH increased its stake in Aaron's by 16.3% during the 1st quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock worth $24,129,000 after buying an additional 127,384 shares during the period. Exchange Traded Concepts LLC increased its stake in Aaron's by 586.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 47,175 shares of the company's stock worth $1,255,000 after buying an additional 40,307 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Aaron's during the 1st quarter worth $215,000. Hedge funds and other institutional investors own 97.92% of the company's stock.

Aaron's Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.