Aaron's (NYSE:PRG) Upgraded to Buy at Wall Street Zen

Key Points

• Aaron's (NYSE:PRG) was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, while another firm, BTIG Research, downgraded it from "neutral" to "sell."
• The company reported strong quarterly earnings, with an EPS of $1.02, exceeding expectations, and a revenue of $604.66 million, marking a 2.1% increase year-over-year.
• Aaron's stock has a consensus rating of "Moderate Buy" with an average target price of $41.00, and institutional investors own approximately 97.92% of the company's stock.

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

Separately, BTIG Research lowered Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target for the company. in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Aaron's Stock Performance

Shares of NYSE:PRG traded up $1.38 during midday trading on Friday, hitting $36.43. The company had a trading volume of 301,004 shares, compared to its average volume of 292,606. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 7.20 and a beta of 1.77. Aaron's has a 12-month low of $23.50 and a 12-month high of $50.28. The company has a fifty day moving average of $32.46 and a two-hundred day moving average of $29.34.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PRG. Ameritas Advisory Services LLC bought a new position in shares of Aaron's during the 2nd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Aaron's by 785.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock valued at $28,000 after purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Aaron's by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock valued at $33,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Aaron's by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company's stock valued at $41,000 after purchasing an additional 851 shares during the last quarter. Finally, WealthCollab LLC boosted its holdings in shares of Aaron's by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company's stock valued at $61,000 after purchasing an additional 800 shares during the last quarter. 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.