Bryce Point Capital LLC Purchases Shares of 27,690 Aaron’s Holdings Company, Inc. $PRG

Bryce Point Capital LLC purchased a new stake in Aaron’s Holdings Company, Inc. (NYSE:PRG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,690 shares of the company’s stock, valued at approximately $813,000. Bryce Point Capital LLC owned approximately 0.07% of Aaron’s at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRG. New York State Teachers Retirement System increased its stake in Aaron’s by 5.7% in the first quarter. New York State Teachers Retirement System now owns 67,466 shares of the company’s stock valued at $1,795,000 after purchasing an additional 3,614 shares in the last quarter. Principal Financial Group Inc. increased its stake in Aaron’s by 2.6% in the first quarter. Principal Financial Group Inc. now owns 206,959 shares of the company’s stock valued at $5,505,000 after purchasing an additional 5,315 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Aaron’s during the first quarter valued at about $1,117,000. Allianz Asset Management GmbH grew its holdings in shares of Aaron’s by 16.3% during the first quarter. Allianz Asset Management GmbH now owns 907,100 shares of the company’s stock valued at $24,129,000 after buying an additional 127,384 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Aaron’s during the first quarter valued at about $483,000. 97.92% of the stock is owned by institutional investors.

Aaron’s Stock Down 0.8%

Aaron’s stock opened at $28.70 on Tuesday. Aaron’s Holdings Company, Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $49.90. The stock has a market cap of $1.13 billion, a PE ratio of 7.28 and a beta of 1.79. The firm’s 50-day simple moving average is $33.09 and its 200 day simple moving average is $30.83. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74.

Aaron’s (NYSE:PRG) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The business had revenue of $595.11 million for the quarter, compared to analysts’ expectations of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Research analysts predict that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 1.8%. Aaron’s’s payout ratio is 13.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PRG. TD Cowen reduced their price objective on shares of Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a report on Wednesday, October 8th. BTIG Research lifted their price objective on shares of Aaron’s from $27.00 to $31.00 and gave the company a “sell” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen cut shares of Aaron’s from a “buy” rating to a “hold” rating in a report on Sunday. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.33.

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.