Assenagon Asset Management S.A. Makes New Investment in Aaron's Holdings Company, Inc. $PRG

Key Points

• Assenagon Asset Management S.A. has invested approximately $6.19 million in Aaron's Holdings Company, acquiring 210,944 shares, which represents 0.52% ownership of the company.
• Aaron's reported an EPS of $1.02 for the last quarter, exceeding the consensus estimate of $0.79, alongside revenue of $604.66 million, above the expected $586.25 million.
• The company declared a quarterly dividend of $0.13, yielding 1.5%, with a payout ratio of 10.28% as of the last quarter.

Assenagon Asset Management S.A. purchased a new position in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 210,944 shares of the company's stock, valued at approximately $6,191,000. Assenagon Asset Management S.A. owned 0.52% of Aaron's at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of Aaron's by 3.8% during the second quarter. Exchange Traded Concepts LLC now owns 48,978 shares of the company's stock worth $1,438,000 after acquiring an additional 1,803 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Aaron's by 9.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,821 shares of the company's stock worth $788,000 after acquiring an additional 2,199 shares during the last quarter. Gallacher Capital Management LLC bought a new position in shares of Aaron's during the second quarter worth $243,000. Strs Ohio bought a new position in shares of Aaron's during the first quarter worth $577,000. Finally, Intech Investment Management LLC boosted its position in shares of Aaron's by 7.8% during the first quarter. Intech Investment Management LLC now owns 185,079 shares of the company's stock worth $4,923,000 after acquiring an additional 13,354 shares during the last quarter. Institutional investors own 97.92% of the company's stock.

Aaron's Trading Down 2.2%

PRG stock opened at $34.44 on Wednesday. The company has a market capitalization of $1.36 billion, a PE ratio of 6.81 and a beta of 1.77. Aaron's Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $50.26. The firm's 50-day moving average is $33.36 and its 200 day moving average is $29.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82.

Aaron's (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.79 by $0.23. The company had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS. 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, research analysts anticipate that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Dividend Announcement

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 yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PRG shares. BTIG Research lowered shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price for the company. in a research report on Monday, July 14th. Wall Street Zen raised shares of Aaron's from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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