PDT Partners LLC Decreases Stock Holdings in Aaron's Holdings Company, Inc. $PRG

Key Points

• PDT Partners LLC reduced its stake in Aaron's Holdings by 48.4% in Q1, leaving them with 15,562 shares valued at approximately $414,000.
• Analysts have mixed ratings on Aaron's stock, with a consensus rating of "Moderate Buy" and a price target of $41.00.
• Aaron's recently announced a quarterly dividend of $0.13 per share, representing an annualized yield of 1.5% and a payout ratio of 10.28%.

PDT Partners LLC cut its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 48.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,562 shares of the company's stock after selling 14,568 shares during the quarter. PDT Partners LLC's holdings in Aaron's were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PRG. Raymond James Financial Inc. purchased a new stake in shares of Aaron's during the fourth quarter worth about $620,000. Northern Trust Corp grew its holdings in shares of Aaron's by 7.0% during the fourth quarter. Northern Trust Corp now owns 517,984 shares of the company's stock worth $21,890,000 after buying an additional 33,991 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Aaron's during the fourth quarter worth about $605,000. Comerica Bank grew its holdings in shares of Aaron's by 1.2% during the fourth quarter. Comerica Bank now owns 39,029 shares of the company's stock worth $1,649,000 after buying an additional 473 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Aaron's during the fourth quarter worth about $4,577,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Aaron's Trading Down 0.4%

Aaron's stock traded down $0.13 during trading on Wednesday, reaching $34.87. The company had a trading volume of 23,662 shares, compared to its average volume of 477,712. Aaron's Holdings Company, Inc. has a 12-month low of $23.50 and a 12-month high of $50.28. The stock's 50 day moving average price is $32.25 and its two-hundred day moving average price is $29.24. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 6.89 and a beta of 1.77. 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 released its quarterly earnings data 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 the consensus estimate of $586.25 million. During the same period in the previous year, the firm earned $0.92 earnings per share. Aaron's'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. As a group, equities analysts expect that Aaron's Holdings Company, Inc. will post 3.45 earnings per share for the current fiscal year.

Aaron's Dividend Announcement

The firm also recently disclosed 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. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Aaron's's payout ratio is currently 10.28%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PRG. BTIG Research downgraded 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 report on Saturday. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, Aaron's has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

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.