Invesco Ltd. Raises Stock Position in Aaron's Holdings Company, Inc. $PRG

Key Points

• Invesco Ltd. increased its stake in Aaron's Holdings by 3.5% in Q1, now owning 438,379 shares, worth approximately $11.66 million.
• Multiple institutional investors have also increased their holdings, with Hedge Funds and other institutions owning 97.92% of the company's stock.
• Aaron's reported $1.02 EPS for the last quarter, exceeding estimates, alongside a revenue of $604.66 million and a modest year-over-year revenue growth of 2.1%.

Invesco Ltd. grew its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 438,379 shares of the company's stock after buying an additional 14,874 shares during the quarter. Invesco Ltd. owned 1.09% of Aaron's worth $11,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PRG. Wells Fargo & Company MN grew its holdings in shares of Aaron's by 24.8% during the fourth quarter. Wells Fargo & Company MN now owns 34,553 shares of the company's stock valued at $1,460,000 after buying an additional 6,860 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Aaron's by 38.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 23,028 shares of the company's stock valued at $973,000 after purchasing an additional 6,350 shares during the period. Raymond James Financial Inc. bought a new position in Aaron's during the fourth quarter valued at approximately $620,000. MetLife Investment Management LLC lifted its position in Aaron's by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 25,190 shares of the company's stock valued at $1,065,000 after purchasing an additional 1,451 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Aaron's during the fourth quarter valued at approximately $323,000. Hedge funds and other institutional investors own 97.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PRG. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. BTIG Research downgraded shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target on the stock. in a research report on Monday, July 14th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.00.

Aaron's Price Performance

NYSE PRG traded up $0.12 on Friday, reaching $35.11. The company had a trading volume of 16,178 shares, compared to its average volume of 484,401. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.39 billion, a PE ratio of 6.94 and a beta of 1.75. The firm's 50 day moving average price is $31.27 and its 200 day moving average price is $29.48. Aaron's Holdings Company, Inc. has a 12 month low of $23.50 and a 12 month high of $50.28.

Aaron's (NYSE:PRG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.23. The company had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. Aaron's's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, equities analysts predict that Aaron's Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Aaron's's dividend payout ratio (DPR) is presently 10.28%.

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.