PROG Holdings, Inc. (NYSE:PRG) CFO Sells $246,450.00 in Stock

PROG Holdings, Inc. (NYSE:PRG) CFO Brian Garner sold 5,000 shares of PROG stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $49.29, for a total value of $246,450.00. Following the completion of the sale, the chief financial officer now owns 107,720 shares of the company’s stock, valued at approximately $5,309,518.80. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Brian Garner also recently made the following trade(s):

• On Tuesday, November 12th, Brian Garner sold 15,484 shares of PROG stock. The stock was sold at an average price of $48.27, for a total transaction of $747,412.68.

PROG Trading Down 2.1 %

PRG stock opened at $47.79 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.34 and a current ratio of 4.97. PROG Holdings, Inc. has a one year low of $26.39 and a one year high of $50.28. The company’s 50 day moving average price is $46.87 and its two-hundred day moving average price is $41.14. The company has a market capitalization of $1.99 billion, a PE ratio of 13.24 and a beta of 2.11.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. PROG had a return on equity of 24.56% and a net margin of 6.55%. The business had revenue of $606.10 million for the quarter, compared to analyst estimates of $601.86 million. During the same period last year, the company earned $0.90 EPS. PROG’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, analysts predict that PROG Holdings, Inc. will post 3.35 earnings per share for the current fiscal year.

PROG Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 19th will be given a $0.12 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. PROG’s dividend payout ratio is currently 13.30%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Loop Capital upgraded PROG from a “hold” rating to a “buy” rating and raised their target price for the company from $41.00 to $55.00 in a research note on Monday, August 19th. Jefferies Financial Group upped their price objective on PROG from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stephens assumed coverage on shares of PROG in a research note on Wednesday. They issued an “overweight” rating and a $60.00 target price for the company. KeyCorp increased their price target on shares of PROG from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Finally, TD Cowen lifted their price objective on PROG from $40.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.83.

Hedge Funds Weigh In On PROG

Several hedge funds and other institutional investors have recently modified their holdings of PRG. FMR LLC grew its stake in shares of PROG by 1.3% in the 3rd quarter. FMR LLC now owns 2,430,318 shares of the company’s stock worth $117,846,000 after buying an additional 30,030 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in PROG by 0.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 896,075 shares of the company’s stock valued at $31,076,000 after purchasing an additional 6,803 shares during the period. American Century Companies Inc. boosted its holdings in PROG by 14.1% in the second quarter. American Century Companies Inc. now owns 684,705 shares of the company’s stock worth $23,746,000 after purchasing an additional 84,497 shares during the last quarter. Clearbridge Investments LLC grew its position in PROG by 2.3% in the 1st quarter. Clearbridge Investments LLC now owns 440,814 shares of the company’s stock worth $15,182,000 after purchasing an additional 9,807 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in PROG during the 3rd quarter valued at $19,079,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Company 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.