PROG Holdings, Inc. (NYSE:PRG) Director Curtis Linn Doman Sells 3,584 Shares

PROG Holdings, Inc. (NYSE:PRG) Director Curtis Linn Doman sold 3,584 shares of the firm’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 transaction of $172,103.68. Following the transaction, the director now directly owns 250,940 shares in the company, valued at $12,050,138.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 Down 0.2 %

Shares of NYSE PRG opened at $48.24 on Wednesday. The stock has a 50-day moving average price of $46.76 and a two-hundred day moving average price of $40.94. PROG Holdings, Inc. has a 12 month low of $26.39 and a 12 month high of $50.28. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 13.36 and a beta of 2.11.

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

PROG Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PRG shares. Raymond James upgraded PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Thursday, October 24th. TD Cowen upped their price objective on shares of 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 increased their price objective on shares of PROG from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. KeyCorp boosted their target price on shares of PROG from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Finally, Loop Capital upgraded shares of PROG from a “hold” rating to a “buy” rating and increased their price target for the stock from $41.00 to $55.00 in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.60.

Institutional Trading of PROG

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in PROG by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the company’s stock worth $39,000 after buying an additional 337 shares during the period. Diversified Trust Co raised its stake in shares of PROG by 7.1% during the third quarter. Diversified Trust Co now owns 7,849 shares of the company’s stock valued at $381,000 after acquiring an additional 520 shares during the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of PROG by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 39,140 shares of the company’s stock worth $1,348,000 after purchasing an additional 525 shares during the period. Inspire Advisors LLC grew its stake in shares of PROG by 4.2% in the third quarter. Inspire Advisors LLC now owns 12,884 shares of the company’s stock worth $625,000 after purchasing an additional 525 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in PROG in the third quarter valued at $26,000. 97.92% of the stock is currently owned by institutional investors.

About PROG

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.