Voleon Capital Management LP Buys 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 acquired a new stake in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,606 shares of the company's stock, valued at approximately $282,000.

Several other large investors have also recently added to or reduced their stakes in PRG. Caitong International Asset Management Co. Ltd increased its stake in Aaron's by 785.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company's stock valued at $28,000 after buying an additional 927 shares during the period. PNC Financial Services Group Inc. grew its position in Aaron's by 13.8% in 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 in the first quarter worth approximately $215,000. Headlands Technologies LLC grew its position in Aaron's by 1,522.8% in 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 grew its position in Aaron's by 41.9% in 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. Institutional investors and hedge funds own 97.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen raised shares of Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. BTIG Research downgraded shares of 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 equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Aaron's Stock Performance

Shares of Aaron's stock traded down $0.87 on Friday, reaching $35.48. The stock had a trading volume of 435,380 shares, compared to its average volume of 294,074. The business's 50-day moving average price is $32.56 and its two-hundred day moving average price is $29.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.82 and a current ratio of 5.71. Aaron's Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $50.28. The stock has a market cap of $1.40 billion, a P/E ratio of 7.01 and a beta of 1.77.

Aaron's (NYSE:PRG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.02 earnings per share 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 business had revenue of $604.66 million during the quarter, compared to analysts' expectations of $586.25 million. During the same period in the previous year, the company earned $0.92 earnings per share. Aaron's'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. On average, sell-side analysts forecast that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Aaron's's dividend payout ratio is presently 10.28%.

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.