13,769 Shares in Aaron's Holdings Company, Inc. $PRG Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC acquired 13,769 shares of Aaron's Holdings Company, Inc. (NYSE:PRG) in the second quarter, valuing the investment at approximately $404,000.
• Aaron's reported a quarterly EPS of $1.02, surpassing estimates by $0.23, with revenue of $604.66 million, a 2.1% increase year-over-year.
• The company declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend of $0.52 and a yield of 1.7%.

Janney Montgomery Scott LLC purchased a new position in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,769 shares of the company's stock, valued at approximately $404,000.

A number of other institutional investors also recently bought and sold shares of PRG. Breach Inlet Capital Management LLC lifted its position in Aaron's by 140.7% in the first quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company's stock worth $18,722,000 after buying an additional 411,459 shares during the last quarter. Nuveen LLC bought a new stake in Aaron's in the first quarter worth $10,770,000. Vulcan Value Partners LLC increased its stake in Aaron's by 84.3% in the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock worth $18,134,000 after purchasing an additional 311,917 shares during the period. Millennium Management LLC lifted its position in shares of Aaron's by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company's stock worth $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Aaron's during the second quarter worth $6,191,000. 97.92% of the stock is currently owned by institutional investors.

Aaron's Stock Performance

Shares of Aaron's stock opened at $31.37 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 6.20 and a beta of 1.79. The company has a current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89. Aaron's Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $49.90. The stock's fifty day moving average price is $33.67 and its 200-day moving average price is $30.35.

Aaron's (NYSE:PRG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. The firm had revenue of $604.66 million for 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%.The business's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. 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 Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.7%. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Aaron's in a research report on Wednesday, October 8th. BTIG Research reiterated a "sell" rating and set a $27.00 target price on shares of Aaron's in a research report on Friday, October 10th. Finally, Wall Street Zen downgraded Aaron's from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.50.

Aaron's 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.

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