Douglas C. Curling Acquires 10,000 Shares of PROG Holdings, Inc. (NYSE:PRG) Stock

PROG Holdings, Inc. (NYSE:PRG) Director Douglas C. Curling bought 10,000 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the purchase, the director now directly owns 45,913 shares in the company, valued at approximately $1,371,880.44. The trade was a 27.85 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PROG Trading Down 2.9 %

Shares of NYSE PRG traded down $0.84 during mid-day trading on Monday, hitting $28.55. The stock had a trading volume of 763,882 shares, compared to its average volume of 466,023. The business has a 50 day moving average price of $41.74 and a two-hundred day moving average price of $44.85. PROG Holdings, Inc. has a 1 year low of $28.43 and a 1 year high of $50.28. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.34 and a current ratio of 5.24. The firm has a market cap of $1.19 billion, a P/E ratio of 6.29 and a beta of 2.18.

PROG (NYSE:PRG) last posted its earnings results on Wednesday, February 19th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. PROG had a net margin of 8.01% and a return on equity of 24.25%. The company had revenue of $623.30 million during the quarter, compared to analyst estimates of $612.67 million. During the same period in the prior year, the business posted $0.72 earnings per share. PROG’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that PROG Holdings, Inc. will post 3.45 EPS for the current fiscal year.

Institutional Investors Weigh In On PROG

A number of large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new stake in PROG during the 3rd quarter valued at approximately $33,000. Summit Securities Group LLC purchased a new stake in PROG in the fourth quarter worth $38,000. Sterling Capital Management LLC grew its stake in PROG by 765.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,082 shares of the company’s stock worth $46,000 after purchasing an additional 957 shares during the period. Smartleaf Asset Management LLC raised its holdings in PROG by 141.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,208 shares of the company’s stock worth $51,000 after purchasing an additional 707 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in PROG by 248.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,370 shares of the company’s stock valued at $57,000 after buying an additional 977 shares during the period. 97.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TD Cowen upgraded shares of PROG to a “strong-buy” rating in a research report on Friday, November 29th. Stephens reissued an “overweight” rating and issued a $60.00 price target on shares of PROG in a report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PROG currently has a consensus rating of “Buy” and a consensus price target of $53.83.

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.