PROG Holdings, Inc (NYSE:PRG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate PROG Holdings “Moderate Buy”: Six analysts recommend buying the stock, one gives a strong-buy rating, and three recommend holding. The average 12-month price target is $49.44.
• Recent earnings exceeded expectations: PROG reported quarterly EPS of $1.19 versus the $0.95 consensus estimate and revenue of $719.72 million, above the $713.50 million forecast. Full-year 2026 EPS guidance is $4.75–$5.00.
• Shares opened at $37.38, down 1.8%: PROG pays a quarterly dividend of $0.14, representing a 1.5% annualized yield, while insiders have sold 4,000 shares worth approximately $183,060 over the past 90 days.

PROG Holdings, Inc (NYSE:PRG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $49.4375.

A number of research analysts have recently issued reports on PRG shares. Wall Street Zen downgraded shares of PROG from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Weiss Ratings raised shares of PROG from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, June 24th. TD Cowen increased their price objective on shares of PROG from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Jefferies Financial Group raised shares of PROG from a "hold" rating to a "buy" rating and raised their target price for the stock from $33.00 to $60.00 in a report on Wednesday, July 8th. Finally, Zacks Research raised PROG from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th.

Insiders Place Their Bets

In other PROG news, insider Michael King sold 1,070 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the sale, the insider directly owned 60,825 shares of the company's stock, valued at $2,797,950. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO George M. Sewell sold 2,000 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the completion of the sale, the chief accounting officer owned 28,385 shares in the company, valued at $1,292,369.05. The trade was a 6.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,000 shares of company stock valued at $183,060. 3.72% of the stock is owned by company insiders.

Institutional Trading of PROG

Several hedge funds have recently bought and sold shares of PRG. Quarry LP increased its stake in shares of PROG by 82.8% in the fourth 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 period. Integrated Wealth Concepts LLC acquired a new position in shares of PROG during the second quarter worth approximately $34,000. Global Assets Advisory LLC bought a new position in PROG in the 1st quarter worth approximately $38,000. Allworth Financial LP grew its holdings in PROG by 61.9% in the 2nd quarter. Allworth Financial LP now owns 897 shares of the fintech holding company's stock worth $42,000 after buying an additional 343 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in PROG in the 2nd quarter valued at approximately $44,000. 97.92% of the stock is currently owned by institutional investors.

PROG Stock Down 1.8%

Shares of PROG stock opened at $37.38 on Thursday. The business has a 50-day moving average price of $42.38 and a 200 day moving average price of $36.91. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The firm has a market cap of $1.49 billion, a P/E ratio of 10.33 and a beta of 1.76. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10.

PROG (NYSE:PRG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.95 by $0.24. The company had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, sell-side analysts forecast that PROG will post 4.95 earnings per share for the current fiscal year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. PROG's payout ratio is currently 15.47%.

About PROG

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.

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