PROG Holdings, Inc (NYSE:PRG) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is positive: PROG Holdings received a “Moderate Buy” consensus from 10 analysts, with six buys, one strong buy and three holds. The average 12-month price target is $49.44.
• Strong quarterly results: PROG reported adjusted earnings of $1.19 per share, beating estimates of $0.95, while revenue of $719.72 million also exceeded expectations. Management issued fiscal 2026 EPS guidance of $4.75–$5.00.
• Dividend and ownership updates: The company declared a quarterly dividend of $0.14 per share, equal to a 1.3% annualized yield. Institutional investors own 97.92% of the stock, while insiders sold 4,000 shares worth approximately $183,060 during the last quarter.

PROG Holdings, Inc (NYSE:PRG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $49.4375.

PRG has been the topic of a number of recent research reports. Jefferies Financial Group raised PROG from a "hold" rating to a "buy" rating and increased their target price for the stock from $33.00 to $60.00 in a research note on Wednesday, July 8th. B. Riley Financial lifted their price target on PROG from $57.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Zacks Research upgraded shares of PROG from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. TD Cowen increased their price objective on shares of PROG from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Finally, Stephens raised their price objective on shares of PROG from $40.00 to $47.50 and gave the company an "overweight" rating in a research note on Thursday, April 30th.

Insider Buying and Selling

In related news, insider Michael Todd King sold 1,070 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total value of $49,220.00. Following the transaction, the insider directly owned 60,825 shares of the company's stock, valued at approximately $2,797,950. This represents a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO George M. Sewell sold 2,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total value of $91,060.00. Following the sale, the chief accounting officer owned 28,385 shares in the company, valued at approximately $1,292,369.05. This represents a 6.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,000 shares of company stock worth $183,060. Corporate insiders own 3.72% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PRG. Quarry LP boosted its position in shares of PROG by 82.8% during the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company's stock valued at $33,000 after buying an additional 506 shares during the last quarter. Global Assets Advisory LLC bought a new position in PROG during the 1st quarter valued at about $38,000. Federation des caisses Desjardins du Quebec bought a new position in PROG during the 4th quarter valued at about $44,000. WealthCollab LLC boosted its holdings in shares of PROG by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company's stock valued at $61,000 after acquiring an additional 800 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of PROG during the 1st quarter valued at about $129,000. 97.92% of the stock is owned by institutional investors.

PROG Stock Performance

PROG stock opened at $42.60 on Friday. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $1.70 billion, a P/E ratio of 11.77 and a beta of 1.79. The stock's 50 day moving average is $42.74 and its 200 day moving average is $36.22. PROG has a twelve month low of $25.80 and a twelve month high of $47.73.

PROG (NYSE:PRG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.24. The company had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. On average, equities research analysts predict that PROG will post 4.95 earnings per share for the current fiscal year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. PROG's dividend payout ratio is presently 15.47%.

About PROG

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source