Fox Run Management L.L.C. Grows Stock Holdings in Aaron's Holdings Company, Inc. $PRG

Key Points

• Fox Run Management L.L.C. increased its stake in Aaron's Holdings by 176.3%, acquiring an additional 11,561 shares, bringing its total holdings to 18,119 shares valued at approximately $482,000.
• Aaron's stock is currently down 2.0%, trading at $32.6570, with a one-year range between $23.50 and $50.28.
• The company recently announced a quarterly dividend of $0.13 per share, with an annualized dividend yield of 1.6% and a payout ratio of 10.28%.

Fox Run Management L.L.C. raised its holdings in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 176.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,119 shares of the company's stock after buying an additional 11,561 shares during the period. Fox Run Management L.L.C.'s holdings in Aaron's were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PRG. Nuveen LLC acquired a new stake in Aaron's in the first quarter valued at $10,770,000. Vulcan Value Partners LLC raised its stake in Aaron's by 84.3% in the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock valued at $18,134,000 after buying an additional 311,917 shares in the last quarter. Marshall Wace LLP raised its stake in Aaron's by 2,008.0% in the fourth quarter. Marshall Wace LLP now owns 178,550 shares of the company's stock valued at $7,546,000 after buying an additional 170,080 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Aaron's by 16.3% in the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock valued at $24,129,000 after buying an additional 127,384 shares in the last quarter. Finally, Quantedge Capital Pte Ltd acquired a new stake in Aaron's in the fourth quarter valued at $4,982,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Aaron's Stock Performance

Shares of PRG stock traded up $2.03 during mid-day trading on Friday, hitting $34.74. 335,055 shares of the stock were exchanged, compared to its average volume of 381,966. The stock's fifty day simple moving average is $30.75 and its two-hundred day simple moving average is $29.61. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 6.87 and a beta of 1.75. 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 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 issued 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. The company had revenue of $604.66 million for the quarter, compared to analyst estimates of $586.25 million. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. 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, 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 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 of this dividend is Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

Analyst Upgrades and Downgrades

PRG has been the topic of a number of analyst reports. Wall Street Zen upgraded Aaron's from a "hold" rating to a "buy" rating in a research note on Friday. BTIG Research lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aaron's currently has an average rating of "Moderate Buy" and an average price target of $41.00.

Aaron's Company 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.