Public Sector Pension Investment Board Purchases 28,207 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• The Public Sector Pension Investment Board increased its stake in Aaron's Holdings Company by 27.2%, owning approximately 0.33% of the company valued at $3.5 million.
• Aaron's reported $1.02 earnings per share for the last quarter, exceeding analysts' expectations of $0.79, with a year-over-year revenue increase of 2.1%.
• The company declared a quarterly dividend of $0.13 per share, yielding 1.6%, which marks a 10.28% dividend payout ratio.

Public Sector Pension Investment Board boosted its holdings in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 27.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,726 shares of the company's stock after purchasing an additional 28,207 shares during the period. Public Sector Pension Investment Board owned about 0.33% of Aaron's worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its holdings in Aaron's by 2.4% during the fourth quarter. LPL Financial LLC now owns 19,719 shares of the company's stock worth $833,000 after acquiring an additional 458 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Aaron's by 24.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,553 shares of the company's stock worth $1,460,000 after purchasing an additional 6,860 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Aaron's by 38.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 23,028 shares of the company's stock worth $973,000 after purchasing an additional 6,350 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Aaron's during the 4th quarter worth approximately $620,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Aaron's by 765.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,082 shares of the company's stock valued at $46,000 after buying an additional 957 shares during the last quarter. Institutional investors own 97.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BTIG Research downgraded shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price on the stock. in a report on Monday, July 14th. Wall Street Zen raised shares of Aaron's from a "hold" rating to a "buy" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Stock Performance

Shares of PRG stock traded up $2.03 during trading on Friday, reaching $34.74. 335,055 shares of the company's stock were exchanged, compared to its average volume of 371,491. Aaron's Holdings Company, Inc. has a twelve month low of $23.50 and a twelve month high of $50.28. The firm's fifty day moving average price is $30.75 and its 200-day moving average price is $29.51. 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 $1.37 billion, a PE ratio of 6.87 and a beta of 1.75.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $586.25 million. During the same quarter last year, the firm posted $0.92 EPS. The company'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. As a group, sell-side analysts anticipate that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. Aaron's's payout ratio 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.