Sei Investments Co. Cuts Position in Aaron's Holdings Company, Inc. $PRG

Key Points

• Sei Investments Co. has decreased its holdings in Aaron's Holdings Company by 29.8%, owning 51,177 shares worth approximately $1.36 million after selling 21,730 shares during the first quarter.
• Aaron's has received mixed ratings from analysts, with reports indicating a consensus target price of $41.00 and a range of ratings from "sell" to "strong buy."
• The company recently reported earnings of $1.02 per share, which exceeded analysts' expectations, along with declaring a quarterly dividend of $0.13 per share, providing a yield of 1.6%.

Sei Investments Co. lessened its holdings in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,177 shares of the company's stock after selling 21,730 shares during the period. Sei Investments Co. owned approximately 0.13% of Aaron's worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Aaron's by 1.4% during the first quarter. Vanguard Group Inc. now owns 5,005,577 shares of the company's stock valued at $133,148,000 after buying an additional 68,369 shares during the period. Allianz Asset Management GmbH grew its position in Aaron's by 16.3% during the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company's stock valued at $24,129,000 after buying an additional 127,384 shares during the period. Vulcan Value Partners LLC grew its position in Aaron's by 84.3% during the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock valued at $18,134,000 after buying an additional 311,917 shares during the period. Northern Trust Corp grew its position in Aaron's by 7.0% during the fourth quarter. Northern Trust Corp now owns 517,984 shares of the company's stock valued at $21,890,000 after buying an additional 33,991 shares during the period. Finally, Invesco Ltd. grew its position in Aaron's by 3.5% during the first quarter. Invesco Ltd. now owns 438,379 shares of the company's stock valued at $11,661,000 after buying an additional 14,874 shares during the period. Hedge funds and other institutional investors own 97.92% of the company's stock.

Aaron's Trading Down 2.5%

PRG stock traded down $0.8190 during trading on Wednesday, reaching $32.5010. 122,847 shares of the stock were exchanged, compared to its average volume of 492,634. The company has a current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $30.51 and a 200-day moving average price of $29.82. Aaron's Holdings Company, Inc. has a 1 year low of $23.50 and a 1 year high of $50.28. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.42 and a beta of 1.75.

Aaron's (NYSE:PRG - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.23. The company had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. Aaron's's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. 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, research analysts predict that Aaron's Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.6%. Aaron's's dividend payout ratio is presently 10.28%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Loop Capital dropped their price target on shares of Aaron's from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. KeyCorp dropped their target price on shares of Aaron's from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen lowered shares of Aaron's from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, BTIG Research lowered shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target on the stock. in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

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.