Wedge Capital Management L L P NC Purchases 8,410 Shares of Aaron’s Holdings Company, Inc. $PRG

Wedge Capital Management L L P NC grew its stake in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 113,558 shares of the company’s stock after buying an additional 8,410 shares during the period. Wedge Capital Management L L P NC’s holdings in Aaron’s were worth $3,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PRG. Bank of America Corp DE lifted its position in shares of Aaron’s by 19.5% during the 4th quarter. Bank of America Corp DE now owns 144,466 shares of the company’s stock valued at $6,105,000 after buying an additional 23,536 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Aaron’s by 2.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,201 shares of the company’s stock valued at $980,000 after buying an additional 446 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Aaron’s by 5.6% during the 4th quarter. Nuveen Asset Management LLC now owns 354,918 shares of the company’s stock valued at $14,999,000 after buying an additional 18,843 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Aaron’s by 41.7% in the 4th quarter. ProShare Advisors LLC now owns 12,307 shares of the company’s stock worth $520,000 after purchasing an additional 3,623 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Aaron’s by 63.1% in the 4th quarter. Two Sigma Investments LP now owns 97,846 shares of the company’s stock worth $4,135,000 after purchasing an additional 37,872 shares in the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

Aaron’s Stock Down 1.7%

NYSE:PRG opened at $35.50 on Monday. Aaron’s Holdings Company, Inc. has a twelve month low of $23.50 and a twelve month high of $50.28. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 7.02 and a beta of 1.77. The stock has a fifty day simple moving average of $33.11 and a 200-day simple moving average of $29.67. The company has a current ratio of 5.71, a quick ratio of 2.82 and a debt-to-equity ratio of 0.89.

Aaron’s (NYSE:PRG) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share (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 business had revenue of $604.66 million for the quarter, compared to the consensus estimate of $586.25 million. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Aaron’s has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. Analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.5%. Aaron’s’s dividend payout ratio is presently 10.28%.

Wall Street Analysts Forecast Growth

PRG has been the topic of a number of research analyst reports. Wall Street Zen raised Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. BTIG Research cut Aaron’s from a “neutral” rating to a “sell” rating and set a $24.00 price target on the stock. in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

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.