Wedge Capital Management L L P NC Buys 8,410 Shares of Aaron's Holdings Company, Inc. $PRG

Key Points

• Wedge Capital Management L L P NC increased its stake in Aaron's Holdings Company, owning approximately 113,558 shares worth about $3.33 million after buying an additional 8,410 shares in Q2.
• Aaron's reported quarterly earnings of $1.02 EPS, exceeding estimates, and posted a revenue of $604.66 million, indicating a 2.1% increase compared to the previous year.
• Wall Street analysts have mixed reviews on Aaron's stock, with ratings ranging from "Strong Buy" to "Sell," and a consensus target price of $41.00.

Wedge Capital Management L L P NC increased its stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,558 shares of the company's stock after buying an additional 8,410 shares during the quarter. Wedge Capital Management L L P NC owned 0.28% of Aaron's worth $3,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Breach Inlet Capital Management LLC raised its stake in Aaron's by 140.7% during the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company's stock worth $18,722,000 after buying an additional 411,459 shares during the period. Nuveen LLC bought a new stake in shares of Aaron's during the first quarter worth $10,770,000. Vulcan Value Partners LLC raised its stake in Aaron's by 84.3% in the 1st quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company's stock worth $18,134,000 after acquiring an additional 311,917 shares during the last quarter. Millennium Management LLC raised its position in shares of Aaron's by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company's stock valued at $17,913,000 after buying an additional 259,630 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Aaron's during the 2nd quarter worth about $6,191,000. Institutional investors own 97.92% of the company's stock.

Aaron's Stock Down 0.6%

Shares of PRG traded down $0.22 during mid-day trading on Monday, reaching $35.28. The company had a trading volume of 381,827 shares, compared to its average volume of 394,085. The firm has a 50-day moving average price of $33.23 and a 200 day moving average price of $29.72. 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 52 week low of $23.50 and a 52 week high of $50.27. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 6.97 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 (EPS) for the quarter, beating 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 company had revenue of $604.66 million for the quarter, compared to analyst estimates of $586.25 million. During the same period last year, the company posted $0.92 earnings per share. 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, sell-side analysts forecast that Aaron's Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.13 per share. 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%.

Analyst Ratings Changes

Several analysts have issued reports on PRG shares. BTIG Research downgraded shares of Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price objective for the company. in a research report on Monday, July 14th. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aaron's has a consensus rating of "Moderate Buy" and an average price target 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.