American Century Companies Inc. Sells 181,670 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• American Century Companies Inc. sold 181,670 shares of Aaron's Holdings Company, Inc., reducing its stake by 43.4%, leaving it with 0.59% ownership valued at approximately $6.31 million.
• Wall Street analysts have mixed views on Aaron's, with one research firm downgrading the stock to "sell," while others have raised it to "buy," resulting in a consensus rating of "Moderate Buy" with an average target price of $41.00.
• Aaron's announced a quarterly dividend of $0.13 per share, which will be paid on September 4th, representing a **1.5% yield** and a payout ratio of 10.28%.

American Century Companies Inc. reduced its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 43.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,214 shares of the company's stock after selling 181,670 shares during the period. American Century Companies Inc. owned approximately 0.59% of Aaron's worth $6,310,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of Aaron's by 785.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock valued at $28,000 after purchasing an additional 927 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Aaron's by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock valued at $91,000 after buying an additional 413 shares during the period. Squarepoint Ops LLC bought a new position in Aaron's in the fourth quarter worth about $235,000. State of Wyoming raised its stake in Aaron's by 10.9% in the fourth quarter. State of Wyoming now owns 5,694 shares of the company's stock worth $241,000 after buying an additional 560 shares in the last quarter. Finally, PharVision Advisers LLC bought a new position in Aaron's in the fourth quarter worth about $288,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PRG shares. BTIG Research cut shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price objective on the stock. 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 Friday, August 22nd. 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Trading Up 0.6%

Shares of PRG stock traded up $0.22 during trading hours on Monday, reaching $35.21. 559,757 shares of the stock were exchanged, compared to its average volume of 342,676. Aaron's Holdings Company, Inc. has a 12-month low of $23.50 and a 12-month high of $50.28. The company has a current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89. The company's 50-day moving average price is $31.42 and its 200-day moving average price is $29.24. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 6.96 and a beta of 1.77.

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, topping analysts' consensus estimates of $0.79 by $0.23. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The firm had revenue of $604.66 million during the quarter, compared to analysts' expectations of $586.25 million. During the same period in the previous year, the company earned $0.92 EPS. The firm's revenue for the quarter 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, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. Aaron's's dividend payout ratio (DPR) is presently 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.