Great Lakes Advisors LLC Has $1.84 Million Stake in 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 lowered its stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 72.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,318 shares of the company's stock after selling 179,646 shares during the period. Great Lakes Advisors LLC owned approximately 0.17% of Aaron's worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Aaron's by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company's stock worth $133,148,000 after buying an additional 68,369 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Aaron's by 16.3% during the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock worth $24,129,000 after buying an additional 127,384 shares during the last quarter. Breach Inlet Capital Management LLC boosted its holdings in Aaron's by 140.7% during the first quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company's stock worth $18,722,000 after buying an additional 411,459 shares during the last quarter. Vulcan Value Partners LLC boosted its holdings in Aaron's by 84.3% during the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock worth $18,134,000 after buying an additional 311,917 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Aaron's by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company's stock worth $17,913,000 after buying an additional 259,630 shares during the last quarter. Institutional investors own 97.92% of the company's stock.

Aaron's Trading Up 3.9%

NYSE PRG opened at $36.43 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 7.20 and a beta of 1.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. The stock's 50-day moving average is $32.46 and its 200-day moving average is $29.34. Aaron's Holdings Company, Inc. has a one year low of $23.50 and a one year high of $50.28.

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. 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%.Aaron's's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm 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. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were issued a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.4%. Aaron's's dividend payout ratio (DPR) is presently 10.28%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PRG shares. BTIG Research cut Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price on the stock. in a report on Monday, July 14th. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. 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 issued a Sell rating to the company. According to data from MarketBeat, Aaron's has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

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.

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