Rhumbline Advisers Trims Position in Aaron's Holdings Company, Inc. $PRG

Key Points

• Rhumbline Advisers reduced its stake in Aaron's Holdings by 6.0%, now holding approximately 0.29% of the company valued at $3.14 million after a recent SEC filing.
• Wall Street analysts have varied opinions on Aaron's stock, with ratings ranging from a Strong Buy to a Sell, and a consensus target price of $41.00.
• Aaron's Holdings recently announced a quarterly dividend of $0.13 per share, reflecting an annualized yield of 1.5% and a payout ratio of 10.28%.

Rhumbline Advisers lessened its stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,919 shares of the company's stock after selling 7,534 shares during the quarter. Rhumbline Advisers owned about 0.29% of Aaron's worth $3,137,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Aaron's by 1.4% during the 1st 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. Allianz Asset Management GmbH boosted its stake in Aaron's by 16.3% during the 1st quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock valued at $24,129,000 after purchasing an additional 127,384 shares during the period. Breach Inlet Capital Management LLC boosted its stake in Aaron's by 140.7% during the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company's stock valued at $18,722,000 after purchasing an additional 411,459 shares during the period. Vulcan Value Partners LLC boosted its stake in Aaron's by 84.3% during 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. Finally, Millennium Management LLC boosted its stake in Aaron's by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the company's stock valued at $17,913,000 after purchasing an additional 259,630 shares during the period. Institutional investors own 97.92% of the company's stock.

Analyst Ratings Changes

PRG has been the subject of several recent analyst reports. BTIG Research downgraded Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 target price for the company. in a research note on Monday, July 14th. Wall Street Zen upgraded Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Aaron's Stock Performance

NYSE PRG traded down $0.61 during trading on Friday, reaching $35.50. 1,782,475 shares of the company's stock were exchanged, compared to its average volume of 321,714. The business has a 50 day moving average price of $33.11 and a 200-day moving average price of $29.64. The stock has a market capitalization of $1.40 billion, a P/E ratio of 7.02 and a beta of 1.77. 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 fifty-two week low of $23.50 and a fifty-two week high of $50.28.

Aaron's (NYSE:PRG - Get Free Report) last posted 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 return on equity of 22.54% and a net margin of 8.53%.The company had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm's revenue for the quarter 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. Sell-side 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 firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 19th. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

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.