PROG (NYSE:PRG) PT Set at $21.00 by Stephens

Stephens set a $21.00 target price on PROG (NYSE:PRG – Get Rating) in a report issued on Monday morning, Stock Target Advisor reports.

Other research analysts have also recently issued research reports about the company. KeyCorp dropped their price objective on PROG from $50.00 to $40.00 and set an overweight rating on the stock in a research note on Friday, June 17th. Raymond James cut PROG from an outperform rating to a market perform rating in a research note on Friday, June 17th.

Shares of NYSE PRG opened at $17.13 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.37 and a current ratio of 3.35. The business’s 50 day moving average price is $25.91 and its 200-day moving average price is $32.77. PROG has a fifty-two week low of $15.62 and a fifty-two week high of $50.79. The company has a market cap of $925.76 million, a price-to-earnings ratio of 5.79, a PEG ratio of 0.76 and a beta of 1.87.

PROG (NYSE:PRG – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.17). PROG had a return on equity of 24.37% and a net margin of 7.17%. The business had revenue of $710.46 million during the quarter, compared to analysts’ expectations of $719.20 million. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that PROG will post 2.51 earnings per share for the current year.

A number of large investors have recently made changes to their positions in PRG. JJJ Advisors Inc. boosted its position in PROG by 35.2% during the 4th quarter. JJJ Advisors Inc. now owns 1,499 shares of the company’s stock valued at $68,000 after acquiring an additional 390 shares in the last quarter. Brandywine Oak Private Wealth LLC boosted its position in PROG by 8.2% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 5,702 shares of the company’s stock valued at $271,000 after acquiring an additional 432 shares in the last quarter. Diversified Trust Co boosted its position in PROG by 7.6% during the 4th quarter. Diversified Trust Co now owns 6,202 shares of the company’s stock valued at $280,000 after acquiring an additional 439 shares in the last quarter. Dupont Capital Management Corp boosted its position in PROG by 3.3% during the 4th quarter. Dupont Capital Management Corp now owns 18,034 shares of the company’s stock valued at $814,000 after acquiring an additional 571 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in PROG during the 4th quarter valued at $31,000. 95.47% of the stock is currently owned by institutional investors.

About PROG (Get Rating)

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.

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