Strs Ohio Purchases Shares of 21,700 Aaron's Holdings Company, Inc. $PRG

Key Points

• Strs Ohio has invested approximately $577,000 in Aaron's Holdings Company, acquiring 21,700 shares during the first quarter.
• Aaron's reported earnings of $1.02 per share, exceeding analysts' expectations of $0.79, with a revenue increase of 2.1% compared to the previous year.
• The company announced a quarterly dividend of $0.13 per share, translating to an annual yield of 1.5% and a payout ratio of 10.28%.

Strs Ohio purchased a new position in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,700 shares of the company's stock, valued at approximately $577,000. Strs Ohio owned approximately 0.05% of Aaron's at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in Aaron's by 785.6% during the first 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 in the last quarter. PNC Financial Services Group Inc. raised its position in Aaron's by 13.8% during the first 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Aaron's during the first quarter worth $215,000. Headlands Technologies LLC raised its position in Aaron's by 1,522.8% during the first quarter. Headlands Technologies LLC now owns 8,098 shares of the company's stock worth $215,000 after acquiring an additional 7,599 shares in the last quarter. Finally, State of Wyoming raised its position in Aaron's by 41.9% during the first quarter. State of Wyoming now owns 8,078 shares of the company's stock worth $215,000 after acquiring an additional 2,384 shares in the last quarter. 97.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PRG shares. BTIG Research lowered shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price objective on the stock. in a research 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 Saturday, September 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.00.

Aaron's Trading Down 1.4%

NYSE:PRG traded down $0.49 during mid-day trading on Tuesday, hitting $34.74. 85,649 shares of the company's stock were exchanged, compared to its average volume of 480,357. The company has a 50 day simple moving average of $33.23 and a 200-day simple moving average of $29.72. The company has a current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89. Aaron's Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $50.26. The firm has a market capitalization of $1.37 billion, a P/E ratio of 6.87 and a beta of 1.77.

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, topping the consensus estimate of $0.79 by $0.23. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The business had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. During the same period last year, the company earned $0.92 EPS. The firm's 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. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were paid a $0.13 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.5%. Aaron's's payout ratio 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.