Panagora Asset Management Inc. Sells 68,063 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• Panagora Asset Management Inc. reduced its stake in Aaron's Holdings Company by 40.7% in the first quarter, now owning 99,068 shares valued at approximately $2.6 million.
• Several institutional investors increased their holdings in Aaron's, with Vulcan Value Partners LLC raising its position by 84.3%, now owning 681,746 shares worth $18.1 million.
• Aaron's reported earnings of $1.02 per share for the last quarter, exceeding the consensus estimate of $0.79, with revenue reaching $604.66 million, up 2.1% year-over-year.

Panagora Asset Management Inc. lowered its position in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 40.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,068 shares of the company's stock after selling 68,063 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.25% of Aaron's worth $2,635,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Azora Capital LP increased its position in Aaron's by 8.1% during the first quarter. Azora Capital LP now owns 85,572 shares of the company's stock worth $2,276,000 after buying an additional 6,422 shares during the last quarter. Vident Advisory LLC increased its position in Aaron's by 8.8% during the first quarter. Vident Advisory LLC now owns 21,724 shares of the company's stock worth $578,000 after buying an additional 1,760 shares during the last quarter. State of Wyoming increased its position in Aaron's by 41.9% during the first quarter. State of Wyoming now owns 8,078 shares of the company's stock worth $215,000 after buying an additional 2,384 shares during the last quarter. Trexquant Investment LP increased its position in Aaron's by 49.6% during the first quarter. Trexquant Investment LP now owns 170,719 shares of the company's stock worth $4,541,000 after buying an additional 56,590 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Aaron's by 9.6% during the first quarter. Gabelli Funds LLC now owns 27,500 shares of the company's stock worth $732,000 after buying an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company's stock.

Aaron's Stock Performance

Shares of Aaron's stock traded up $0.19 on Monday, hitting $35.52. The stock had a trading volume of 44,561 shares, compared to its average volume of 480,344. Aaron's Holdings Company, Inc. has a twelve month low of $23.50 and a twelve month high of $50.28. The business's 50 day moving average is $32.04 and its two-hundred day moving average is $29.16. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 7.02 and a beta of 1.77.

Aaron's (NYSE:PRG - Get Free Report) last posted its 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. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The company had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. 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 year.

Aaron's Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PRG. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday. BTIG Research downgraded 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 analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aaron's has a consensus rating of "Moderate Buy" and a consensus target price 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.