PROG Holdings, Inc (NYSE:PRG) Receives $49.44 Average PT from Analysts

by · The Markets Daily

Shares of PROG Holdings, Inc (NYSE:PRG – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $49.4375.

A number of research analysts have issued reports on PRG shares. B. Riley Financial lifted their price objective on PROG from $57.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 6th. Jefferies Financial Group upgraded shares of PROG from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $60.00 in a research report on Wednesday, July 8th. TD Cowen lifted their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th.

Read Our Latest Analysis on PROG

PROG Stock Up 1.1%

NYSE PRG opened at $37.36 on Thursday. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average is $41.98 and its two-hundred day moving average is $36.87. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 10.32 and a beta of 1.76. PROG has a 1-year low of $25.80 and a 1-year high of $47.73.

PROG (NYSE:PRG – Get Free Report) last issued its earnings results 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. The business had revenue of $719.72 million during the quarter, compared to analysts’ expectations of $713.50 million. PROG had a return on equity of 21.88% and a net margin of 5.57%.PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities analysts forecast that PROG will post 4.95 earnings per share for the current fiscal year.

PROG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th were paid a $0.14 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. PROG’s payout ratio is 15.47%.

Insider Activity at PROG

In related news, CAO George M. Sewell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $45.53, for a total transaction of $91,060.00. Following the completion of the sale, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at $1,292,369.05. This trade represents a 6.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael King sold 1,070 shares of PROG stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $46.00, for a total value of $49,220.00. Following the completion of the transaction, the insider owned 60,825 shares of the company’s stock, valued at approximately $2,797,950. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,000 shares of company stock worth $183,060 over the last three months. 3.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On PROG

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of PROG in the 2nd quarter valued at $34,000. Allworth Financial LP raised its position in shares of PROG by 61.9% during the second quarter. Allworth Financial LP now owns 897 shares of the fintech holding company’s stock worth $42,000 after acquiring an additional 343 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of PROG during the second quarter valued at $44,000. Global Assets Advisory LLC acquired a new position in shares of PROG during the first quarter valued at $38,000. Finally, GAMMA Investing LLC boosted its holdings in PROG by 19.2% in the second quarter. GAMMA Investing LLC now owns 2,911 shares of the fintech holding company’s stock valued at $136,000 after acquiring an additional 468 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

About PROG

(Get Free Report)

PROG Holdings, Inc is a financial technology company that provides consumer financing and lease-to-own solutions through its Progressive Leasing business. The company helps consumers obtain merchandise from participating retailers through flexible payment arrangements, including customers who may not qualify for traditional credit.

Progressive Leasing supports in-store, online and omnichannel transactions for products such as furniture, appliances, electronics, mattresses, jewelry and other household goods.

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