Hsbc Holdings PLC Sells 24,312 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• Hsbc Holdings PLC has reduced its stake in Aaron's Holdings by 57.0%, selling 24,312 shares and leaving them with 18,373 shares worth approximately $487,000.
• Several large investors have significantly increased their positions in Aaron's, with Quantbot Technologies LP growing its stake by 578.3% in the first quarter.
• Wall Street analysts have mixed views on PRG, with the stock receiving both "buy" and "sell" ratings, yet a moderate consensus points towards potential growth with a price target of $41.00.

Hsbc Holdings PLC decreased its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 57.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,373 shares of the company's stock after selling 24,312 shares during the period. Hsbc Holdings PLC's holdings in Aaron's were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PRG. Nuveen LLC acquired a new stake in Aaron's during the first quarter valued at $10,770,000. Vulcan Value Partners LLC boosted its position in Aaron's by 84.3% during the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock valued at $18,134,000 after purchasing an additional 311,917 shares during the last quarter. Wellington Management Group LLP boosted its position in Aaron's by 46.4% during the first quarter. Wellington Management Group LLP now owns 617,624 shares of the company's stock valued at $16,429,000 after purchasing an additional 195,855 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Aaron's by 16.3% during the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock valued at $24,129,000 after purchasing an additional 127,384 shares during the last quarter. Finally, Quantedge Capital Pte Ltd acquired a new stake in shares of Aaron's in the fourth quarter worth about $4,982,000. Institutional investors and hedge funds own 97.92% of the company's stock.

Aaron's Stock Performance

PRG traded down $0.27 on Friday, hitting $35.22. 160,448 shares of the stock traded hands, compared to its average volume of 481,940. 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 current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.39 billion, a PE ratio of 6.95 and a beta of 1.77. The business has a fifty day moving average price of $31.92 and a two-hundred day moving average price of $29.22.

Aaron's (NYSE:PRG - Get Free Report) last released its quarterly earnings data 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 company had revenue of $604.66 million for the quarter, compared to analyst estimates of $586.25 million. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue was up 2.1% compared to the same quarter last year. 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 predict that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron's Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PRG shares. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. BTIG Research cut Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target for the company. in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.