Aaron’s Holdings Company, Inc. $PRG Shares Sold by Comerica Bank

Comerica Bank reduced its holdings in shares of Aaron’s Holdings Company, Inc. (NYSE:PRG) by 3.4% in the 1st quarter, HoldingsChannel reports. The fund owned 37,690 shares of the company’s stock after selling 1,339 shares during the quarter. Comerica Bank’s holdings in Aaron’s were worth $1,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Aaron’s by 785.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,045 shares of the company’s stock valued at $28,000 after purchasing an additional 927 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Aaron’s by 13.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,411 shares of the company’s stock valued at $91,000 after purchasing an additional 413 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Aaron’s in the 1st quarter valued at about $215,000. Headlands Technologies LLC lifted its holdings in shares of Aaron’s by 1,522.8% in the 1st quarter. Headlands Technologies LLC now owns 8,098 shares of the company’s stock valued at $215,000 after purchasing an additional 7,599 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Aaron’s by 7.2% in the 1st quarter. Diversified Trust Co now owns 8,647 shares of the company’s stock valued at $230,000 after purchasing an additional 583 shares during the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

Aaron’s Stock Down 0.6%

PRG opened at $35.28 on Friday. The company has a quick ratio of 2.82, a current ratio of 5.71 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $32.04 and a two-hundred day moving average price of $29.17. Aaron’s Holdings Company, Inc. has a 52 week low of $23.50 and a 52 week high of $50.28. The company has a market cap of $1.39 billion, a PE ratio of 6.97 and a beta of 1.77.

Aaron’s (NYSE:PRG) last released its earnings results on Wednesday, July 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. Aaron’s had a return on equity of 22.54% and a net margin of 8.53%.The company had revenue of $604.66 million for the quarter, compared to analysts’ expectations of $586.25 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Aaron’s has set its Q3 2025 guidance at 0.700-0.750 EPS. FY 2025 guidance at 3.200-3.350 EPS. As a group, research analysts anticipate that Aaron’s Holdings Company, Inc. will post 3.45 EPS for the current year.

Aaron’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.52 annualized dividend and a yield of 1.5%. Aaron’s’s payout ratio is presently 10.28%.

Wall Street Analyst Weigh In

PRG has been the subject of several research reports. Wall Street Zen raised Aaron’s from a “hold” rating to a “buy” rating in a report on Saturday. BTIG Research downgraded Aaron’s from a “neutral” rating to a “sell” rating and set a $24.00 price objective for the company. in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Aaron’s Profile

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.