Public Employees Retirement System of Ohio Acquires 10,700 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Aaron's Holdings Company, Inc. by 33.6% in Q2, acquiring 10,700 additional shares to reach a total of 42,578 shares worth $1.25 million.
• Aaron's has received mixed ratings from analysts, with one Strong Buy, four Buy, two Hold, and one Sell ratings, and an average target price of $41.00.
• The company reported strong quarterly earnings with an EPS of $1.02, surpassing analysts' expectations, and a quarterly revenue of $604.66 million, indicating a yearly growth of 2.1%.

Public Employees Retirement System of Ohio raised its holdings in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 33.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,578 shares of the company's stock after purchasing an additional 10,700 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of Aaron's worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in Aaron's by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock worth $91,000 after acquiring an additional 413 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Aaron's by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock worth $33,000 after acquiring an additional 447 shares during the last quarter. Diversified Trust Co boosted its holdings in Aaron's by 7.2% during the 1st quarter. Diversified Trust Co now owns 8,647 shares of the company's stock worth $230,000 after acquiring an additional 583 shares during the last quarter. Legato Capital Management LLC boosted its holdings in Aaron's by 2.7% during the 1st quarter. Legato Capital Management LLC now owns 26,227 shares of the company's stock worth $698,000 after acquiring an additional 693 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Aaron's by 785.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock worth $28,000 after acquiring an additional 927 shares during the last quarter. Institutional investors own 97.92% of the company's stock.

Analyst Upgrades and Downgrades

PRG has been the topic of a number of analyst reports. Wall Street Zen raised shares of Aaron's from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Aaron's in a research note on Saturday, September 27th. Finally, BTIG Research cut Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price on the stock. in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Trading Up 1.6%

NYSE PRG opened at $32.09 on Friday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 6.34 and a beta of 1.79. Aaron's Holdings Company, Inc. has a one year low of $23.50 and a one year high of $50.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.71 and a quick ratio of 2.82. The business's fifty day moving average is $33.79 and its 200-day moving average is $30.09.

Aaron's (NYSE:PRG - Get Free Report) last announced its quarterly earnings data 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. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The business had revenue of $604.66 million for the quarter, compared to analysts' expectations of $586.25 million. During the same period in the previous year, the business posted $0.92 EPS. The firm's quarterly 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. Equities research analysts predict that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Aaron's's payout ratio is currently 10.28%.

Aaron's 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.

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