PROG Holdings, Inc (NYSE:PRG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts' consensus rates PROG as a "Moderate Buy" (4 buys, 3 holds) with an average 12‑month price target of $43.70 and several firms (TD Cowen, Raymond James) setting targets around $45.
• PROG reported a strong quarter, beating estimates with $1.24 EPS vs. $0.78 expected and revenue of $742.7M (up 11.1% year‑over‑year), and set Q2 guidance at 1.05 EPS.
• The stock trades at a PE of 9.75 with a market cap of about $1.41B, pays a quarterly dividend of $0.14 (1.6% yield), and is highly institutionally owned (~97.92%).

PROG Holdings, Inc (NYSE:PRG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.70.

PRG has been the topic of a number of analyst reports. Zacks Research downgraded PROG from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. B. Riley Financial reiterated a "buy" rating on shares of PROG in a research report on Thursday, April 30th. TD Cowen lifted their price objective on PROG from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Raymond James Financial reiterated an "outperform" rating and set a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded PROG from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, April 29th.

Hedge Funds Weigh In On PROG

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. lifted its position in PROG by 2.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,199 shares of the fintech holding company's stock worth $389,000 after buying an additional 344 shares in the last quarter. HB Wealth Management LLC raised its position in PROG by 1.7% in the first quarter. HB Wealth Management LLC now owns 21,470 shares of the fintech holding company's stock valued at $616,000 after purchasing an additional 359 shares during the period. Quarry LP raised its position in PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company's stock valued at $33,000 after purchasing an additional 506 shares during the period. Horizon Investments LLC raised its position in PROG by 2.6% in the fourth quarter. Horizon Investments LLC now owns 20,948 shares of the fintech holding company's stock valued at $618,000 after purchasing an additional 537 shares during the period. Finally, GAMMA Investing LLC raised its position in PROG by 45.3% in the fourth quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company's stock valued at $53,000 after purchasing an additional 563 shares during the period. Hedge funds and other institutional investors own 97.92% of the company's stock.

PROG Stock Performance

Shares of NYSE:PRG opened at $35.69 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41. The business's 50 day moving average price is $30.99 and its 200-day moving average price is $31.04. The firm has a market capitalization of $1.41 billion, a PE ratio of 9.75 and a beta of 1.83. PROG has a 1 year low of $25.80 and a 1 year high of $41.14.

PROG (NYSE:PRG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. During the same period in the previous year, the company posted $0.90 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, equities research analysts expect that PROG will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. PROG's dividend payout ratio (DPR) is presently 15.30%.

PROG Company Profile

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.