Gallacher Capital Management LLC Takes Position in Aaron's Holdings Company, Inc. $PRG

Key Points

• Gallacher Capital Management LLC has acquired a new stake in Aaron's Holdings, purchasing 8,287 shares valued at approximately $243,000 during the 2nd quarter of 2023.
• Following recent earnings results, where Aaron's reported $1.02 earnings per share exceeding expectations, the company has set its guidance for Q3 2025 at 0.700-0.750 EPS.
• Aaron's has declared a quarterly dividend of $0.13, translating to an annual dividend yield of 1.5%, with a payout ratio of 10.28%.

Gallacher Capital Management LLC bought a new stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,287 shares of the company's stock, valued at approximately $243,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in shares of Aaron's by 785.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock valued at $28,000 after buying an additional 927 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Aaron's by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock valued at $91,000 after acquiring an additional 413 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Aaron's in the 1st quarter worth $215,000. Headlands Technologies LLC boosted its holdings in shares of Aaron's by 1,522.8% during the 1st quarter. Headlands Technologies LLC now owns 8,098 shares of the company's stock valued at $215,000 after purchasing an additional 7,599 shares during the last quarter. Finally, State of Wyoming grew its position in shares of Aaron's by 41.9% during the first quarter. State of Wyoming now owns 8,078 shares of the company's stock valued at $215,000 after purchasing an additional 2,384 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors.

Aaron's Stock Down 0.0%

Shares of NYSE:PRG opened at $35.55 on Tuesday. The business's 50 day moving average is $32.67 and its 200 day moving average is $29.45. The stock has a market cap of $1.41 billion, a P/E ratio of 7.03 and a beta of 1.77. Aaron's Holdings Company, Inc. has a 52-week low of $23.50 and a 52-week high of $50.28. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89.

Aaron's (NYSE:PRG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $604.66 million during the quarter, compared to analysts' expectations of $586.25 million. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Sell-side analysts predict that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were issued a $0.13 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. Aaron's's payout ratio is currently 10.28%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PRG. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. 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 report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aaron's currently has a consensus rating of "Moderate Buy" and an average target price 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.

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