Aaron's Holdings Company, Inc. $PRG is Rip Road Capital Partners LP's 8th Largest Position

Key Points

• Rip Road Capital Partners LP increased its stake in Aaron's Holdings Company, Inc. by 13.2%, now holding approximately 188,180 shares valued at about $5 million.
• Aaron's reported a Q2 earnings per share (EPS) of $1.02, exceeding analysts' estimates by $0.23, with quarterly revenue rising by 2.1% year-over-year.
• The company announced a dividend of $0.13 per share, representing a 1.5% annual yield and a payout ratio of 10.28%.

Rip Road Capital Partners LP boosted its holdings in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,180 shares of the company's stock after buying an additional 21,904 shares during the period. Aaron's makes up 5.5% of Rip Road Capital Partners LP's investment portfolio, making the stock its 8th biggest holding. Rip Road Capital Partners LP owned approximately 0.47% of Aaron's worth $5,006,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Aaron's by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company's stock valued at $133,148,000 after buying an additional 68,369 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Aaron's by 16.3% in the 1st quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock valued at $24,129,000 after buying an additional 127,384 shares in the last quarter. Breach Inlet Capital Management LLC grew its stake in Aaron's by 140.7% in the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company's stock valued at $18,722,000 after buying an additional 411,459 shares in the last quarter. Vulcan Value Partners LLC grew its position in shares of Aaron's by 84.3% during the 1st quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock valued at $18,134,000 after purchasing an additional 311,917 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Aaron's by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company's stock valued at $17,913,000 after purchasing an additional 259,630 shares in the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PRG has been the subject of a number of recent analyst reports. BTIG Research lowered shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target for the company. in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Price Performance

NYSE:PRG traded down $0.45 during midday trading on Tuesday, hitting $35.03. The company had a trading volume of 259,066 shares, compared to its average volume of 304,096. Aaron's Holdings Company, Inc. has a 52-week low of $23.50 and a 52-week high of $50.28. The stock's fifty day moving average price is $32.25 and its 200-day moving average price is $29.24. The company has a market capitalization of $1.38 billion, a PE ratio of 6.92 and a beta of 1.77. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89.

Aaron's (NYSE:PRG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The company had revenue of $604.66 million during the quarter, compared to analyst estimates of $586.25 million. During the same period in the previous year, the business earned $0.92 earnings per share. The firm's quarterly revenue 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. As a group, research analysts expect that Aaron's Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were given a $0.13 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 annualized dividend and a yield of 1.5%. Aaron's's payout ratio is 10.28%.

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.