Wellington Management Group LLP Grows Position in Aaron's Holdings Company, Inc. $PRG

Key Points

• Wellington Management Group LLP increased its stake in Aaron's Holdings by 46.4%, now holding approximately 1.53% of the company worth $16.4 million after purchasing additional shares.
• Aaron's reported $1.02 EPS for its latest quarter, exceeding analyst expectations of $0.79, alongside a year-over-year revenue increase of 2.1%.
• The company has announced a quarterly dividend of $0.13 per share, representing an annualized yield of 1.5%, with an ex-dividend date set for August 19th.

Wellington Management Group LLP grew its stake in shares of Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) by 46.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 617,624 shares of the company's stock after purchasing an additional 195,855 shares during the quarter. Wellington Management Group LLP owned approximately 1.53% of Aaron's worth $16,429,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 927 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Aaron's by 13.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company's stock valued at $91,000 after purchasing an additional 413 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Aaron's during the fourth quarter valued at approximately $235,000. State of Wyoming boosted its stake in shares of Aaron's by 10.9% during the fourth quarter. State of Wyoming now owns 5,694 shares of the company's stock valued at $241,000 after purchasing an additional 560 shares during the period. Finally, PharVision Advisers LLC purchased a new stake in shares of Aaron's during the fourth quarter valued at approximately $288,000. Hedge funds and other institutional investors own 97.92% of the company's stock.

Aaron's Stock Performance

Shares of PRG stock opened at $34.62 on Wednesday. The stock has a fifty day moving average of $30.97 and a 200 day moving average of $29.49. Aaron's Holdings Company, Inc. has a 52 week low of $23.50 and a 52 week high of $50.28. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 6.84 and a beta of 1.75. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89.

Aaron's (NYSE:PRG - Get Free Report) last announced its quarterly 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. Aaron's had a return on equity of 22.54% and a net margin of 8.53%.The company had revenue of $604.66 million during the quarter, compared to analyst estimates of $586.25 million. During the same quarter last year, the firm posted $0.92 earnings per share. The firm's revenue 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. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.52 annualized dividend and a yield of 1.5%. Aaron's's dividend payout ratio (DPR) is currently 10.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PRG. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. BTIG Research lowered Aaron's from a "neutral" rating to a "sell" rating and set a $24.00 price target for the company. in a research note on Monday, July 14th. One investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $41.00.

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.

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