Jacobs Levy Equity Management Inc. Lowers Stake in Aaron's Holdings Company, Inc. $PRG

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Aaron's Holdings by 3.3%, holding approximately 657,641 shares valued at $17.49 million as of the latest SEC filing.
• Aaron's recently reported earnings per share (EPS) of $1.02 for the last quarter, surpassing analysts' expectations, and set a guidance for Q3 2025 EPS between 0.700-0.750.
• The company announced a quarterly dividend of $0.13 per share, resulting in an annualized dividend of $0.52 and a yield of 1.5%, with a payout ratio of 10.28%.

Jacobs Levy Equity Management Inc. cut its holdings in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,641 shares of the company's stock after selling 22,138 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.63% of Aaron's worth $17,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRG. Caitong International Asset Management Co. Ltd raised its holdings in 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 worth $28,000 after purchasing an additional 927 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Aaron's by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock worth $91,000 after purchasing an additional 413 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Aaron's during the first quarter worth $215,000. Headlands Technologies LLC raised its holdings in Aaron's by 1,522.8% during the first quarter. Headlands Technologies LLC now owns 8,098 shares of the company's stock worth $215,000 after purchasing an additional 7,599 shares during the last quarter. Finally, State of Wyoming raised its holdings in Aaron's by 41.9% during the first quarter. State of Wyoming now owns 8,078 shares of the company's stock worth $215,000 after purchasing an additional 2,384 shares during the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

Aaron's Price Performance

Shares of NYSE PRG traded down $0.76 during trading on Friday, reaching $35.60. The company had a trading volume of 41,102 shares, compared to its average volume of 475,125. The stock has a market capitalization of $1.41 billion, a PE ratio of 7.03 and a beta of 1.77. The stock has a 50-day moving average price of $32.46 and a two-hundred day moving average price of $29.34. 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 current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89.

Aaron's (NYSE:PRG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.79 by $0.23. The firm had revenue of $604.66 million during 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%.The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Aaron's's dividend payout ratio is presently 10.28%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PRG. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. BTIG Research cut 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aaron's currently has an average rating of "Moderate Buy" and an average 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.