Voleon Capital Management LP Acquires New Shares in Aaron's Holdings Company, Inc. $PRG

Key Points

• Voleon Capital Management has made a new investment of approximately $282,000 in Aaron's Holdings Company, purchasing 10,606 shares during the first quarter.
• Analysts have differing views on Aaron's stock, with a consensus rating of "Moderate Buy" and price targets ranging from a Sell rating with a $24 target to a Strong Buy rating.
• Aaron's recently announced a $0.13 quarterly dividend with a yield of 1.5%, marking a dividend payout ratio of 10.28%.

Voleon Capital Management LP bought a new stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,606 shares of the company's stock, valued at approximately $282,000.

A number of other large investors have also recently modified their holdings of PRG. Northern Trust Corp boosted its position in shares of Aaron's by 7.0% during the 4th quarter. Northern Trust Corp now owns 517,984 shares of the company's stock valued at $21,890,000 after acquiring an additional 33,991 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Aaron's during the 4th quarter valued at about $4,577,000. Bank of America Corp DE boosted its position in shares of Aaron's by 19.5% during the 4th quarter. Bank of America Corp DE now owns 144,466 shares of the company's stock valued at $6,105,000 after acquiring an additional 23,536 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Aaron's by 155.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 38,130 shares of the company's stock valued at $1,611,000 after acquiring an additional 23,197 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Aaron's during the 4th quarter valued at about $1,845,000. Institutional investors own 97.92% of the company's stock.

Aaron's Stock Up 0.9%

Aaron's stock traded up $0.34 during mid-day trading on Monday, reaching $35.90. The stock had a trading volume of 84,311 shares, compared to its average volume of 475,015. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 7.10 and a beta of 1.77. The company has a 50-day moving average price of $32.56 and a two-hundred day moving average price of $29.40. Aaron's Holdings Company, Inc. has a one year low of $23.50 and a one year high of $50.28. 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 (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, topping analysts' consensus estimates of $0.79 by $0.23. Aaron's had a net margin of 8.53% and a return on equity of 22.54%. The company had revenue of $604.66 million for the quarter, compared to analysts' expectations of $586.25 million. During the same quarter in the previous year, the business posted $0.92 EPS. Aaron's'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. On average, analysts expect that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.4%. Aaron's's dividend payout ratio (DPR) is 10.28%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PRG. Wall Street Zen upgraded Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. 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 report on Monday, July 14th. One research 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.