404,870 Shares in Aaron's Holdings Company, Inc. $PRG Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $10.77 million in Aaron's Holdings, purchasing 404,870 shares, amounting to about 1.00% of the company's stock.
• Aaron's reported $1.02 EPS, exceeding analyst expectations of $0.79, with quarterly revenue of $604.66 million up 2.1% compared to the same quarter last year.
• The company will pay a quarterly dividend of $0.13 per share, representing an annualized yield of 1.5%, with a payout ratio of 10.28%.

Nuveen LLC bought a new position in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 404,870 shares of the company's stock, valued at approximately $10,770,000. Nuveen LLC owned approximately 1.00% of Aaron's at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP purchased a new stake in shares of Aaron's during the 1st quarter valued at approximately $460,000. Invesco Ltd. raised its position in Aaron's by 3.5% in the first quarter. Invesco Ltd. now owns 438,379 shares of the company's stock valued at $11,661,000 after purchasing an additional 14,874 shares during the period. Headlands Technologies LLC raised its position in Aaron's by 1,522.8% in the first quarter. Headlands Technologies LLC now owns 8,098 shares of the company's stock valued at $215,000 after purchasing an additional 7,599 shares during the period. Vanguard Group Inc. raised its position in Aaron's by 1.4% in the first quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company's stock valued at $133,148,000 after purchasing an additional 68,369 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Aaron's by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock valued at $91,000 after purchasing an additional 413 shares during the period. Hedge funds and other institutional investors own 97.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on PRG shares. BTIG Research lowered Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price on the stock. in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Aaron's from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Aaron's Stock Down 1.6%

Shares of PRG traded down $0.56 during midday trading on Thursday, hitting $34.84. The company had a trading volume of 22,793 shares, compared to its average volume of 484,941. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89. Aaron's Holdings Company, Inc. has a 52 week low of $23.50 and a 52 week high of $50.28. The company's 50 day moving average price is $31.12 and its 200 day moving average price is $29.53. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 6.89 and a beta of 1.75.

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. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The business had revenue of $604.66 million during the quarter, compared to analyst estimates of $586.25 million. During the same period in the prior year, the business earned $0.92 earnings per share. The business's quarterly revenue was up 2.1% on a year-over-year basis. 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, equities research analysts predict that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date 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.