Aaron’s Holdings Company, Inc. (NYSE:PRG) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Aaron’s Holdings Company, Inc. (NYSE:PRGGet Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,178,456 shares, an increase of 35.1% from the November 30th total of 2,352,942 shares. Based on an average trading volume of 532,998 shares, the days-to-cover ratio is presently 6.0 days. Currently, 8.3% of the company’s shares are short sold. Currently, 8.3% of the company’s shares are short sold. Based on an average trading volume of 532,998 shares, the days-to-cover ratio is presently 6.0 days.

Aaron’s Stock Down 0.7%

Shares of NYSE:PRG traded down $0.22 during midday trading on Tuesday, hitting $30.29. 367,990 shares of the company’s stock traded hands, compared to its average volume of 623,098. The firm’s fifty day moving average price is $29.35 and its two-hundred day moving average price is $31.12. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.65 and a current ratio of 4.74. Aaron’s has a twelve month low of $23.50 and a twelve month high of $44.42. The company has a market cap of $1.20 billion, a PE ratio of 7.69 and a beta of 1.75.

Aaron’s (NYSE:PRGGet Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.17. The firm had revenue of $595.11 million during the quarter, compared to the consensus estimate of $586.11 million. Aaron’s had a return on equity of 22.36% and a net margin of 6.54%.The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. 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. On average, equities research analysts anticipate that Aaron’s will post 3.45 EPS for the current fiscal year.

Aaron’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $0.52 annualized dividend and a yield of 1.7%. Aaron’s’s payout ratio is 13.20%.

Institutional Trading of Aaron’s

Several large investors have recently bought and sold shares of PRG. Ameritas Advisory Services LLC acquired a new position in shares of Aaron’s during the second quarter worth $27,000. GAMMA Investing LLC grew its holdings in Aaron’s by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $33,000 after purchasing an additional 447 shares in the last quarter. Whittier Trust Co. increased its stake in Aaron’s by 157.6% during the 2nd quarter. Whittier Trust Co. now owns 1,391 shares of the company’s stock worth $41,000 after buying an additional 851 shares during the period. WealthCollab LLC lifted its holdings in Aaron’s by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the company’s stock worth $61,000 after buying an additional 800 shares in the last quarter. Finally, CWM LLC boosted its position in Aaron’s by 225.4% in the 2nd quarter. CWM LLC now owns 2,841 shares of the company’s stock valued at $83,000 after buying an additional 1,968 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

Analysts Set New Price Targets

PRG has been the topic of several research analyst reports. BTIG Research raised shares of Aaron’s from a “sell” rating to a “neutral” rating and set a $31.00 target price on the stock in a research report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Aaron’s in a research note on Wednesday, October 8th. B. Riley began coverage on shares of Aaron’s in a research note on Tuesday, December 16th. They set a “buy” rating and a $50.00 price objective for the company. TD Cowen dropped their price objective on Aaron’s from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Finally, Wall Street Zen upgraded Aaron’s from a “hold” rating to a “buy” rating in a report on Sunday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.71.

Check Out Our Latest Research Report on PRG

Aaron’s Company Profile

(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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