PROG Holdings, Inc. (NYSE:PRG) Director Sells $172,103.68 in Stock

PROG Holdings, Inc. (NYSE:PRG) Director Curtis Linn Doman sold 3,584 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.02, for a total value of $172,103.68. Following the transaction, the director now directly owns 250,940 shares of the company’s stock, valued at approximately $12,050,138.80. The trade was a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Curtis Linn Doman also recently made the following trade(s):

• On Monday, November 11th, Curtis Linn Doman sold 62,815 shares of PROG stock. The stock was sold at an average price of $48.75, for a total value of $3,062,231.25.

PROG Stock Performance

NYSE PRG opened at $47.79 on Friday. The stock has a market cap of $1.99 billion, a PE ratio of 13.24 and a beta of 2.11. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. PROG Holdings, Inc. has a twelve month low of $26.39 and a twelve month high of $50.28. The stock has a fifty day simple moving average of $46.87 and a 200-day simple moving average of $41.14.

PROG (NYSE:PRG) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $601.86 million. During the same period in the prior year, the business posted $0.90 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that PROG Holdings, Inc. will post 3.35 earnings per share for the current year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, November 19th. PROG’s payout ratio is 13.30%.

Analyst Upgrades and Downgrades

PRG has been the subject of several research reports. KeyCorp boosted their price target on PROG from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen boosted their price target on PROG from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group boosted their price target on PROG from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Loop Capital upgraded PROG from a “hold” rating to a “buy” rating and upped their target price for the company from $41.00 to $55.00 in a report on Monday, August 19th. Finally, Stephens started coverage on PROG in a report on Wednesday. They issued an “overweight” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.83.

Hedge Funds Weigh In On PROG

Hedge funds have recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its position in PROG by 83.6% in the 1st quarter. Jupiter Asset Management Ltd. now owns 260,713 shares of the company’s stock valued at $8,979,000 after purchasing an additional 118,698 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in PROG by 45.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 63,994 shares of the company’s stock valued at $2,199,000 after purchasing an additional 19,924 shares in the last quarter. Keeley Teton Advisors LLC raised its position in PROG by 35.3% in the 1st quarter. Keeley Teton Advisors LLC now owns 49,574 shares of the company’s stock valued at $1,707,000 after purchasing an additional 12,928 shares in the last quarter. Sei Investments Co. acquired a new stake in PROG in the 1st quarter valued at about $815,000. Finally, Diversify Wealth Management LLC acquired a new stake in PROG in the 2nd quarter valued at about $8,794,000. Institutional investors and hedge funds 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.