Aaron’s (NYSE:PRG) Coverage Initiated by Analysts at B. Riley

Investment analysts at B. Riley initiated coverage on shares of Aaron’s (NYSE:PRG) in a research note issued on Tuesday. The firm set a “buy” rating and a $50.00 price target on the stock. B. Riley’s price objective suggests a potential upside of 61.86% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BTIG Research raised Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research note on Friday, November 21st. TD Cowen decreased 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. Wall Street Zen raised shares of Aaron’s from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.71.

Aaron’s Price Performance

PRG stock opened at $30.89 on Tuesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 7.84 and a beta of 1.74. The firm’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $31.03. The company has a current ratio of 4.74, a quick ratio of 2.65 and a debt-to-equity ratio of 0.85. Aaron’s has a 12-month low of $23.50 and a 12-month high of $44.86.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in Aaron’s during the 2nd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd lifted its position in 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. GAMMA Investing LLC boosted its holdings in Aaron’s by 66.2% in the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after purchasing an additional 447 shares during the last quarter. Whittier Trust Co. raised its stake in Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock valued at $41,000 after buying an additional 851 shares during the last quarter. Finally, WealthCollab LLC raised its stake in Aaron’s by 61.9% during the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock valued at $61,000 after buying an additional 800 shares during the last quarter. 97.92% of the stock is owned by institutional investors.

About Aaron’s

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.