PROG Holdings, Inc (NYSE:PRG) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• PROG Holdings has a “Moderate Buy” consensus rating from 10 analysts, with seven buys and three holds; the average 12-month price target is $47.38.
• Several analysts recently lowered their price targets, including TD Cowen to $45 and Stephens to $49, while maintaining positive buy or overweight ratings.
• PROG reported quarterly EPS of $1.06 and revenue of $725.8 million, slightly below cited estimates, while reduced 2026 earnings guidance remains a key concern. The company also pays a quarterly dividend of $0.14 per share, yielding about 1.7%.

Shares of PROG Holdings, Inc (NYSE:PRG - Get Free Report) have earned an average rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $47.38.

A number of analysts have recently commented on PRG shares. TD Cowen dropped their price objective on PROG from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday. Stephens reduced their target price on PROG from $55.00 to $49.00 and set an "overweight" rating on the stock in a report on Thursday. Zacks Research downgraded PROG from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. KeyCorp upped their price target on PROG from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered PROG from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 6th.

PROG Price Performance

PRG opened at $33.75 on Friday. The company's 50 day simple moving average is $34.10 and its 200 day simple moving average is $35.61. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.29 and a current ratio of 3.81. PROG has a 1 year low of $25.18 and a 1 year high of $47.73. The stock has a market capitalization of $1.34 billion, a PE ratio of 9.10 and a beta of 1.78.

PROG (NYSE:PRG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The fintech holding company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). The company had revenue of $725.78 million for the quarter, compared to analyst estimates of $735.28 million. PROG had a return on equity of 22.01% and a net margin of 5.46%. As a group, sell-side analysts expect that PROG will post 4.78 EPS for the current year.

PROG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were issued 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 dividend yield of 1.7%. PROG's payout ratio is presently 15.47%.

Insider Transactions at PROG

In related news, insider Michael King sold 1,070 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO George M. Sewell sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total transaction of $91,060.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,000 shares of company stock valued at $183,060 in the last quarter. Company insiders own 3.72% of the company's stock.

Institutional Investors Weigh In On PROG

Several large investors have recently made changes to their positions in PRG. Sterling Capital Management LLC boosted its stake in shares of PROG by 99.2% in the third quarter. Sterling Capital Management LLC now owns 1,006 shares of the fintech holding company's stock valued at $31,000 after purchasing an additional 501 shares during the period. Integrated Wealth Concepts LLC acquired a new position in PROG in the 2nd quarter worth $34,000. Global Assets Advisory LLC purchased a new stake in shares of PROG during the first quarter worth about $38,000. Allworth Financial LP increased its position in shares of PROG by 61.9% during the second quarter. Allworth Financial LP now owns 897 shares of the fintech holding company's stock worth $42,000 after acquiring an additional 343 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of PROG in the second quarter worth about $44,000. Institutional investors and hedge funds own 97.92% of the company's stock.

Trending Headlines about PROG

Here are the key news stories impacting PROG this week:

• Positive Sentiment: TD Cowen maintained a “buy” rating on PROG Holdings while lowering its price target from $50 to $45. The revised target still implies approximately 33% upside from the referenced trading level, providing support for the stock. TD Cowen analyst rating
• Positive Sentiment: The company announced plans for a $100 million accelerated share repurchase program, expected to be completed during the first quarter of 2027. The buyback signals management confidence and could reduce shares outstanding, potentially supporting per-share results. PROG Holdings share repurchase announcement
• Neutral Sentiment: Third-quarter earnings per share rose to $1.06 from $0.90 a year earlier. However, reports differed on the comparison with estimates: some sources described EPS as in line with consensus, while others cited a $0.03 miss. Revenue was approximately $725.8 million. PROG Holdings third-quarter results
• Negative Sentiment: The main overhang is the company’s reduced 2026 earnings guidance. The quarterly revenue and EPS figures were also below the estimates cited by several analysts, raising concerns about near-term operating momentum despite the company’s diversified platform. PROG Holdings reduced earnings guidance

PROG Company Profile

PROG Holdings, Inc is a financial technology company that provides consumer payment and lease-to-own solutions through its operating businesses. Its services are designed to help consumers acquire household goods and other merchandise through retail stores, e-commerce websites and other merchant channels.

The company's primary business is Progressive Leasing, a lease-to-own provider that gives consumers an alternative to traditional credit when purchasing products such as furniture, appliances, electronics, mattresses and other household merchandise.

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