35,244 Shares in Aaron’s Holdings Company, Inc. $PRG Bought by Islay Capital Management LLC

by · The Cerbat Gem

Islay Capital Management LLC bought a new position in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,244 shares of the company’s stock, valued at approximately $1,034,000. Islay Capital Management LLC owned about 0.09% of Aaron’s at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRG. Breach Inlet Capital Management LLC increased its holdings in shares of Aaron’s by 140.7% during the 1st quarter. Breach Inlet Capital Management LLC now owns 703,849 shares of the company’s stock valued at $18,722,000 after acquiring an additional 411,459 shares during the last quarter. Nuveen LLC bought a new stake in Aaron’s during the first quarter worth approximately $10,770,000. Vulcan Value Partners LLC boosted its position in Aaron’s by 84.3% during the first quarter. Vulcan Value Partners LLC now owns 681,746 shares of the company’s stock worth $18,134,000 after purchasing an additional 311,917 shares during the period. Millennium Management LLC grew its holdings in Aaron’s by 62.7% during the first quarter. Millennium Management LLC now owns 673,405 shares of the company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Aaron’s in the second quarter valued at approximately $6,191,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PRG. 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 lowered shares of Aaron’s from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. BTIG Research upped their price target 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.33.

Check Out Our Latest Analysis on Aaron’s

Aaron’s Price Performance

NYSE:PRG opened at $27.93 on Friday. 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 Holdings Company, Inc. has a one year low of $23.50 and a one year high of $49.49. The company has a fifty day moving average price of $31.93 and a 200 day moving average price of $30.89. The stock has a market cap of $1.10 billion, a P/E ratio of 7.09 and a beta of 1.77.

Aaron’s (NYSE:PRG – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $595.11 million for the quarter, compared to the consensus estimate of $586.11 million. Aaron’s had a net margin of 6.54% and a return on equity of 22.36%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. Aaron’s has set its FY 2025 guidance at 3.350-3.450 EPS. Q4 2025 guidance at 0.550-0.650 EPS. Analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 earnings per share for the current year.

Aaron’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.9%. Aaron’s’s dividend payout ratio is 13.20%.

Aaron’s Company Profile

(Free Report)

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.

Further Reading

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