Quantbot Technologies LP Boosts Holdings in Aaron's Holdings Company, Inc. $PRG

Key Points

• Quantbot Technologies LP significantly increased its stake in Aaron's Holdings by 578.3% during the first quarter, owning a total of 41,089 shares valued at approximately $1.09 million.
• Aaron's stock recently rose by 6.2%, with current trading at $34.74, having a twelve-month range of $23.50 to $50.28.
• The company has announced a quarterly dividend of $0.13 per share, representing an annualized yield of 1.5%, with a payout ratio of 10.28%.

Quantbot Technologies LP grew its stake in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 578.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,089 shares of the company's stock after buying an additional 35,031 shares during the period. Quantbot Technologies LP owned 0.10% of Aaron's worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PRG. Caitong International Asset Management Co. Ltd raised its holdings in shares of Aaron's by 785.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock worth $28,000 after buying an additional 927 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Aaron's by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock worth $91,000 after buying an additional 413 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Aaron's in the first quarter worth $215,000. Headlands Technologies LLC raised its holdings in shares of Aaron's by 1,522.8% in the first quarter. Headlands Technologies LLC now owns 8,098 shares of the company's stock worth $215,000 after buying an additional 7,599 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in shares of Aaron's by 7.2% in the first quarter. Diversified Trust Co now owns 8,647 shares of the company's stock worth $230,000 after buying an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company's stock.

Aaron's Stock Performance

PRG stock traded up $0.13 during midday trading on Friday, hitting $35.12. 47,993 shares of the stock traded hands, compared to its average volume of 484,541. The firm has a market cap of $1.39 billion, a P/E ratio of 6.94 and a beta of 1.75. 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 stock's fifty day simple moving average is $31.27 and its 200-day simple moving average is $29.48. Aaron's Holdings Company, Inc. has a 1-year low of $23.50 and a 1-year high of $50.28.

Aaron's (NYSE:PRG - Get Free Report) last released 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 company had revenue of $604.66 million for the quarter, compared to analyst estimates of $586.25 million. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $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, analysts expect that Aaron's Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron's Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BTIG Research cut shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target for the company. in a report on Monday, July 14th. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Aaron's has an average 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.