Versor Investments LP Purchases Shares of 16,244 Aaron's Holdings Company, Inc. $PRG

Key Points

• Versor Investments LP purchased 16,244 shares of Aaron's Holdings, valued at approximately $432,000, during the first quarter, highlighting growing institutional interest.
• Multiple analysts have downgraded Aaron's stock ratings recently, with Loop Capital lowering its target price from $45.00 to $40.00 and BTIG Research cutting its rating to "sell" with a $24.00 target.
• Aaron's Holdings reported earnings of $1.02 per share for the last quarter, surpassing estimates, and declared a quarterly dividend of $0.13 per share with a yield of 1.6%.

Versor Investments LP bought a new position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 16,244 shares of the company's stock, valued at approximately $432,000.

A number of other hedge funds also recently made changes to their positions in PRG. Wells Fargo & Company MN raised its stake in shares of Aaron's by 24.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,553 shares of the company's stock worth $1,460,000 after purchasing an additional 6,860 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Aaron's by 38.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 23,028 shares of the company's stock worth $973,000 after purchasing an additional 6,350 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Aaron's during the 4th quarter worth $620,000. Sterling Capital Management LLC raised its stake in shares of Aaron's by 765.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the company's stock worth $46,000 after purchasing an additional 957 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Aaron's during the 4th quarter worth $448,000. 97.92% of the stock is currently owned by institutional investors.

Aaron's Stock Performance

Shares of NYSE PRG traded down $0.01 during trading on Tuesday, reaching $34.62. 389,935 shares of the stock traded hands, compared to its average volume of 361,150. Aaron's Holdings Company, Inc. has a 52-week low of $23.50 and a 52-week high of $50.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. The company has a 50-day moving average of $30.97 and a 200-day moving average of $29.49. The stock has a market capitalization of $1.37 billion, a P/E ratio of 6.84 and a beta of 1.75.

Aaron's (NYSE:PRG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $586.25 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The business's revenue for the quarter 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. Analysts forecast that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.52 annualized dividend and a yield of 1.5%. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PRG shares. Wall Street Zen upgraded Aaron's from a "hold" rating to a "buy" rating in a research note on Friday. BTIG Research cut Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target on the stock. in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

About Aaron's

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.