TD Cowen Lowers Aaron’s (NYSE:PRG) Price Target to $38.00

by · The Cerbat Gem

Aaron’s (NYSE:PRG – Get Free Report) had its target price dropped by TD Cowen from $41.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 23.72% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. B. Riley assumed coverage on shares of Aaron’s in a research report on Tuesday, December 16th. They issued a “buy” rating and a $50.00 price target on the stock. Wall Street Zen upgraded shares of Aaron’s from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. Finally, BTIG Research upgraded shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Check Out Our Latest Analysis on Aaron’s

Aaron’s Price Performance

Shares of PRG stock traded up $0.72 during trading hours on Thursday, hitting $30.72. 79,887 shares of the company’s stock were exchanged, compared to its average volume of 284,584. The stock’s 50-day moving average is $29.17 and its 200-day moving average is $31.16. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.74 and a quick ratio of 2.65. Aaron’s has a 52 week low of $23.50 and a 52 week high of $44.42. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 7.80 and a beta of 1.75.

Aaron’s (NYSE:PRG – Get Free Report) last announced its earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The company had revenue of $595.11 million for the quarter, compared to analyst estimates of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. Aaron’s’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. 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, research analysts forecast that Aaron’s will post 3.45 EPS for the current year.

Institutional Trading of Aaron’s

A number of institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC increased its stake in Aaron’s by 2.3% in the 2nd quarter. Yousif Capital Management LLC now owns 17,674 shares of the company’s stock valued at $519,000 after buying an additional 390 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Aaron’s by 4.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,360 shares of the company’s stock valued at $304,000 after acquiring an additional 418 shares during the last quarter. GAMMA Investing LLC raised its holdings in Aaron’s by 66.2% during the second quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $33,000 after acquiring an additional 447 shares in the last quarter. Legato Capital Management LLC increased its position in shares of Aaron’s by 1.2% during the 3rd quarter. Legato Capital Management LLC now owns 48,451 shares of the company’s stock worth $1,568,000 after purchasing an additional 564 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Aaron’s by 2.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,395 shares of the company’s stock worth $687,000 after purchasing an additional 567 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.

About Aaron’s

(Get Free Report)

PROG Holdings, Inc (NYSE: PRG), 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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