Panagora Asset Management Inc. Lowers Stock Position in 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. reduced its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,068 shares of the company's stock after selling 68,063 shares during the period. Panagora Asset Management Inc. owned about 0.25% of Aaron's worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PRG. Azora Capital LP grew its stake in shares of Aaron's by 8.1% in the first quarter. Azora Capital LP now owns 85,572 shares of the company's stock worth $2,276,000 after purchasing an additional 6,422 shares during the last quarter. Vident Advisory LLC grew its position in shares of Aaron's by 8.8% in the 1st quarter. Vident Advisory LLC now owns 21,724 shares of the company's stock valued at $578,000 after buying an additional 1,760 shares during the last quarter. State of Wyoming increased its stake in shares of Aaron's by 41.9% in the first quarter. State of Wyoming now owns 8,078 shares of the company's stock valued at $215,000 after buying an additional 2,384 shares during the period. Trexquant Investment LP raised its position in shares of 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 acquiring an additional 56,590 shares during the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Aaron's by 9.6% in the first quarter. Gabelli Funds LLC now owns 27,500 shares of the company's stock worth $732,000 after acquiring an additional 2,400 shares during the period. 97.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a report on Saturday. BTIG Research lowered shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price on the stock. in a 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Aaron's has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Stock Down 0.6%

Aaron's stock traded down $0.20 during mid-day trading on Friday, reaching $35.28. The stock had a trading volume of 319,844 shares, compared to its average volume of 320,228. The firm has a market capitalization of $1.39 billion, a PE ratio of 6.97 and a beta of 1.77. Aaron's Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $50.28. The stock's 50-day simple moving average is $32.04 and its 200-day simple moving average is $29.17. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.82 and a current ratio of 5.71.

Aaron's (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $604.66 million during the quarter, compared to the consensus estimate of $586.25 million. During the same quarter last year, the firm posted $0.92 EPS. Aaron's's 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. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.5%. Aaron's's payout ratio is 10.28%.

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.