Great Lakes Advisors LLC Sells 179,646 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• Great Lakes Advisors LLC reduced its stake in Aaron's Holdings by 72.2%, holding approximately 69,318 shares worth $1.84 million as of its latest SEC filing.
• Aaron's reported a Q2 EPS of $1.02, exceeding analysts' expectations, with a revenue of $604.66 million, marking a 2.1% increase year-over-year.
• The company announced a quarterly dividend of $0.13 per share, translating to an annualized dividend yield of 1.4% and a dividend payout ratio of 10.28%.

Great Lakes Advisors LLC reduced its stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 72.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,318 shares of the company's stock after selling 179,646 shares during the quarter. Great Lakes Advisors LLC owned about 0.17% of Aaron's worth $1,844,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PRG. Vanguard Group Inc. boosted its position in Aaron's by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company's stock worth $133,148,000 after acquiring an additional 68,369 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of 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 during the period. Breach Inlet Capital Management LLC lifted its holdings in shares of Aaron's by 140.7% in the first quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company's stock valued at $18,722,000 after buying an additional 411,459 shares during the period. Vulcan Value Partners LLC lifted its holdings in shares of 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 during the period. Finally, Millennium Management LLC lifted its holdings in shares of Aaron's by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company's stock valued at $17,913,000 after buying an additional 259,630 shares during the period. 97.92% of the stock is currently owned by institutional investors.

Aaron's Stock Up 1.4%

NYSE:PRG traded up $0.50 during trading hours on Wednesday, hitting $36.34. 70,521 shares of the company's stock traded hands, compared to its average volume of 473,768. The firm has a market cap of $1.44 billion, a P/E ratio of 7.20 and a beta of 1.77. Aaron's Holdings Company, Inc. has a twelve month low of $23.50 and a twelve 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. The stock's fifty day moving average price is $32.79 and its two-hundred day moving average price is $29.50.

Aaron's (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.23. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The firm had revenue of $604.66 million for the quarter, compared to analyst estimates of $586.25 million. During the same period in the previous year, the firm earned $0.92 earnings per share. Aaron's's quarterly revenue 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. On average, research 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 company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Aaron's's dividend payout ratio is presently 10.28%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BTIG Research lowered Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price objective for the company. in a report on Monday, July 14th. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. One investment 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.