PROG Holdings, Inc. (NYSE:PRG) Receives $39.60 Consensus PT from Brokerages

PROG Holdings, Inc. (NYSE:PRGGet Free Report) has received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.60.

PRG has been the topic of a number of research reports. BTIG Research initiated coverage on PROG in a research report on Friday, June 7th. They set a “neutral” rating on the stock. TD Cowen increased their price target on PROG from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Loop Capital increased their price target on PROG from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, April 25th.

View Our Latest Report on PROG

PROG Price Performance

Shares of NYSE:PRG opened at $35.03 on Friday. The company has a quick ratio of 1.83, a current ratio of 3.91 and a debt-to-equity ratio of 1.01. PROG has a twelve month low of $26.39 and a twelve month high of $44.81. The stock’s 50 day moving average is $34.62 and its 200-day moving average is $32.33. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.30 and a beta of 2.12.

PROG (NYSE:PRGGet Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. PROG had a return on equity of 26.67% and a net margin of 4.71%. The company had revenue of $641.87 million for the quarter, compared to analyst estimates of $632.24 million. Sell-side analysts forecast that PROG will post 3 EPS for the current fiscal year.

PROG Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a yield of 1.37%. PROG’s dividend payout ratio (DPR) is presently 19.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PRG. Victory Capital Management Inc. grew its stake in PROG by 161.0% in the 3rd quarter. Victory Capital Management Inc. now owns 107,286 shares of the company’s stock valued at $3,563,000 after purchasing an additional 66,185 shares during the period. Jump Financial LLC grew its stake in PROG by 22.1% in the 3rd quarter. Jump Financial LLC now owns 20,380 shares of the company’s stock valued at $677,000 after purchasing an additional 3,690 shares during the period. Massachusetts Financial Services Co. MA bought a new position in shares of PROG during the 3rd quarter worth $694,000. Campbell & CO Investment Adviser LLC bought a new position in shares of PROG during the 3rd quarter worth $320,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of PROG by 1,800.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 12,237 shares of the company’s stock worth $406,000 after acquiring an additional 11,593 shares during the period. Institutional investors own 97.92% of the company’s stock.

About PROG

(Get 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.

Featured Stories

Analyst Recommendations for PROG (NYSE:PRG)

Receive News & Ratings for PROG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PROG and related companies with MarketBeat.com's FREE daily email newsletter.