Jacobs Levy Equity Management Inc. Sells 22,138 Shares of 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. lowered its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 657,641 shares of the company's stock after selling 22,138 shares during the period. Jacobs Levy Equity Management Inc. owned 1.63% of Aaron's worth $17,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PRG. Breach Inlet Capital Management LLC boosted its position 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 acquiring an additional 411,459 shares during the period. Nuveen LLC acquired a new stake in Aaron's in the 1st quarter worth about $10,770,000. Vulcan Value Partners LLC boosted its holdings in Aaron's by 84.3% in the 1st 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 period. Wellington Management Group LLP boosted its holdings in Aaron's by 46.4% in the 1st 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 period. Finally, Allianz Asset Management GmbH grew its position in shares of Aaron's by 16.3% during the 1st quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock worth $24,129,000 after purchasing an additional 127,384 shares in the last quarter. 97.92% of the stock is currently owned by institutional investors.

Aaron's Price Performance

PRG traded up $1.16 during trading on Thursday, hitting $36.21. 165,247 shares of the stock traded hands, compared to its average volume of 476,730. The business has a 50 day moving average price of $32.34 and a 200 day moving average price of $29.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. 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 market cap of $1.43 billion, a price-to-earnings ratio of 7.16 and a beta of 1.77.

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

Aaron's Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 19th. Aaron's's dividend payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

PRG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a research 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 investment 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.