PROG Holdings, Inc (NYSE:PRG) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst sentiment is moderately positive: Ten brokerages rate PROG Holdings a “Moderate Buy,” with six buys and four holds. The average 12-month price target is $49.44.
• Recent results 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.
• Institutional ownership remains high, while insiders sold shares: Institutions own 97.92% of PROG, with several funds increasing their positions, while insiders sold 4,000 shares worth $183,060 over the past three months. The company also pays a quarterly dividend of $0.14 per share, yielding about 1.8%.

Shares of PROG Holdings, Inc (NYSE:PRG - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $49.44.

Several equities research analysts recently issued reports on PRG shares. KeyCorp lifted their price target on shares of PROG from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. B. Riley Financial raised their target price on PROG from $57.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Wall Street Zen lowered PROG from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 6th. TD Cowen boosted their price target on PROG from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group raised PROG from a "hold" rating to a "buy" rating and increased their price target for the company from $33.00 to $60.00 in a report on Wednesday, July 8th.

Insider Buying and Selling

In related news, CAO George M. Sewell sold 2,000 shares of PROG 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 approximately $1,292,369.05. The trade was a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael King sold 1,070 shares of PROG stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total transaction of $49,220.00. Following the completion of the sale, the insider owned 60,825 shares of the company's stock, valued at approximately $2,797,950. This trade represents a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,000 shares of company stock valued at $183,060 in the last three months. Corporate insiders own 3.72% of the company's stock.

Institutional Investors Weigh In On PROG

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP lifted its position in shares of PROG by 588.0% during the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company's stock worth $24,100,000 after purchasing an additional 717,932 shares during the last quarter. Breach Inlet Capital Management LLC increased its holdings in PROG by 22.4% in the fourth quarter. Breach Inlet Capital Management LLC now owns 762,847 shares of the fintech holding company's stock valued at $22,496,000 after buying an additional 139,398 shares during the last quarter. Wellington Management Group LLP increased its holdings in PROG by 12.5% in the second quarter. Wellington Management Group LLP now owns 697,324 shares of the fintech holding company's stock valued at $32,502,000 after buying an additional 77,291 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in PROG during the second quarter valued at approximately $31,229,000. Finally, Ancora Advisors LLC acquired a new stake in PROG during the second quarter valued at approximately $22,288,000. Institutional investors own 97.92% of the company's stock.

PROG Stock Down 0.0%

NYSE PRG opened at $30.99 on Monday. The stock has a market cap of $1.23 billion, a PE ratio of 8.56 and a beta of 1.78. PROG has a fifty-two week low of $25.80 and a fifty-two week high of $47.73. The business has a 50 day moving average price of $38.73 and a two-hundred day moving average price of $36.95. 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 posted its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.24. The company had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG had a net margin of 5.57% and a return on equity of 21.88%. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, sell-side analysts predict that PROG will post 4.93 EPS for the current fiscal year.

PROG Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, August 18th. PROG's dividend payout ratio is 15.47%.

PROG Company Profile

PROG Holdings, Inc is a financial technology company that provides flexible payment and lease-to-own solutions to consumers and retail partners. Its primary business is Progressive Leasing, an omnichannel lease-to-own platform that enables customers to acquire products through participating retailers and repay over time through structured lease payments.

Progressive Leasing supports purchases across categories such as furniture, appliances, electronics, mattresses, jewelry and other household goods.

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