PROG (NYSE:PRG) Rating Increased to Strong-Buy at Zacks Research

by · The Cerbat Gem

Zacks Research upgraded shares of PROG (NYSE:PRG – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. TD Cowen increased their price objective on PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Stephens raised their price objective on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. B. Riley Financial boosted their target price on PROG from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, KeyCorp increased their price target on shares of PROG from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

View Our Latest Research Report on PRG

PROG Price Performance

Shares of NYSE:PRG opened at $43.88 on Thursday. The company’s fifty day moving average price is $41.19 and its 200-day moving average price is $35.44. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.03 and a quick ratio of 2.41. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 12.12 and a beta of 1.78. PROG has a one year low of $25.80 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.24. PROG had a net margin of 5.57% and a return on equity of 21.88%. The company had revenue of $719.72 million during the quarter, compared to the consensus estimate of $713.50 million. 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 anticipate that PROG will post 4.99 earnings per share for the current fiscal year.

PROG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, May 19th. PROG’s dividend payout ratio (DPR) is presently 15.47%.

Institutional Trading of PROG

Several hedge funds and other institutional investors have recently bought and sold shares of PRG. Goldman Sachs Group Inc. grew its holdings in shares of PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after purchasing an additional 1,483,751 shares during the last quarter. State Street Corp boosted its position in PROG by 5.6% during the 4th quarter. State Street Corp now owns 1,679,355 shares of the fintech holding company’s stock valued at $49,524,000 after buying an additional 89,035 shares during the period. LSV Asset Management boosted its position in PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after buying an additional 317,600 shares during the period. First Trust Advisors LP grew its holdings in PROG by 588.0% in the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after acquiring an additional 717,932 shares during the last quarter. Finally, UBS Group AG increased its position in shares of PROG by 102.4% in the third quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after acquiring an additional 416,658 shares during the period. Institutional investors own 97.92% of the company’s stock.

About PROG

(Get Free Report)

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.

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