Wall Street Zen Upgrades Aaron's (NYSE:PRG) to "Buy"

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 analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Separately, BTIG Research downgraded shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price on the stock. in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Aaron's currently has an average rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Price Performance

PRG stock traded down $0.45 during trading on Friday, reaching $35.03. The company's stock had a trading volume of 259,066 shares, compared to its average volume of 480,405. The company's fifty day moving average is $32.16 and its 200-day moving average is $29.20. Aaron's has a 1 year low of $23.50 and a 1 year high of $50.28. The company has a market capitalization of $1.38 billion, a P/E ratio of 6.92 and a beta of 1.77. 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 released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The firm had revenue of $604.66 million during the quarter, compared to analyst estimates of $586.25 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. 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, research analysts expect that Aaron's will post 3.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aaron's

Several hedge funds have recently bought and sold shares of PRG. Ameritas Advisory Services LLC bought a new stake in shares of Aaron's during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Aaron's by 785.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock worth $28,000 after purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Aaron's by 66.2% in the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock worth $33,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Aaron's by 157.6% in the second quarter. Whittier Trust Co. now owns 1,391 shares of the company's stock worth $41,000 after purchasing an additional 851 shares during the last quarter. Finally, WealthCollab LLC grew its holdings in shares of Aaron's by 61.9% in the second quarter. WealthCollab LLC now owns 2,092 shares of the company's stock worth $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.