Aaron's Holdings Company, Inc. (NYSE:PRG) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 28.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,494 shares of the company's stock after selling 8,542 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.05% of Aaron's worth $572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Aaron's by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 4,937,208 shares of the company's stock worth $208,646,000 after buying an additional 76,810 shares during the period. FMR LLC boosted its stake in Aaron's by 5.5% during the fourth quarter. FMR LLC now owns 2,564,441 shares of the company's stock worth $108,373,000 after buying an additional 134,123 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Aaron's by 1.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 562,539 shares of the company's stock worth $23,773,000 after buying an additional 9,162 shares during the period. Northern Trust Corp boosted its stake in Aaron's by 7.0% during the fourth quarter. Northern Trust Corp now owns 517,984 shares of the company's stock worth $21,890,000 after buying an additional 33,991 shares during the period. Finally, Invesco Ltd. boosted its stake in Aaron's by 35.7% during the fourth quarter. Invesco Ltd. now owns 423,505 shares of the company's stock worth $17,897,000 after buying an additional 111,406 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PRG. Loop Capital lowered their target price on shares of Aaron's from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. KeyCorp lowered their target price on shares of Aaron's from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $44.83.

Aaron's Stock Down 0.1%

Shares of PRG stock traded down $0.03 on Friday, hitting $30.52. The stock had a trading volume of 125,458 shares, compared to its average volume of 479,995. The company has a quick ratio of 2.35, a current ratio of 4.98 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $28.73 and a 200 day moving average price of $32.27. The company has a market cap of $1.23 billion, a PE ratio of 6.25 and a beta of 1.76. Aaron's Holdings Company, Inc. has a one year low of $23.50 and a one year high of $50.28.

Aaron's (NYSE:PRG - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.08. The firm had revenue of $684.09 million during the quarter, compared to the consensus estimate of $678.23 million. Aaron's had a return on equity of 23.11% and a net margin of 8.38%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.52 dividend on an annualized basis and a yield of 1.70%. Aaron's's dividend payout ratio is presently 10.66%.

Insider Transactions at Aaron's

In other news, CEO Steven A. Michaels bought 14,000 shares of Aaron's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $29.03 per share, for a total transaction of $406,420.00. Following the completion of the acquisition, the chief executive officer owned 559,641 shares of the company's stock, valued at $16,246,378.23. This trade represents a 2.57% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian Garner bought 3,500 shares of Aaron's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of $28.93 per share, with a total value of $101,255.00. Following the completion of the acquisition, the chief financial officer directly owned 132,597 shares of the company's stock, valued at $3,836,031.21. This represents a 2.71% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.21% of the company's stock.

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.