Russell Investments Group Ltd. Has $2.11 Million Stake in PROG Holdings, Inc. (NYSE:PRG)

Russell Investments Group Ltd. grew its stake in PROG Holdings, Inc. (NYSE:PRG – Get Rating) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,932 shares of the company’s stock after purchasing an additional 11,395 shares during the period. Russell Investments Group Ltd. owned about 0.25% of PROG worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its position in PROG by 12.7% during the 2nd quarter. State Street Corp now owns 2,016,437 shares of the company’s stock worth $33,271,000 after buying an additional 227,540 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in PROG by 23.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,247,500 shares of the company’s stock worth $18,688,000 after buying an additional 239,477 shares during the period. Solel Partners LP boosted its position in PROG by 18.2% during the 3rd quarter. Solel Partners LP now owns 1,182,385 shares of the company’s stock worth $17,712,000 after buying an additional 182,385 shares during the period. Federated Hermes Inc. boosted its position in PROG by 94.0% during the 3rd quarter. Federated Hermes Inc. now owns 897,261 shares of the company’s stock worth $13,441,000 after buying an additional 434,738 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in PROG by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 852,756 shares of the company’s stock worth $12,773,000 after buying an additional 14,302 shares during the period. 98.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Loop Capital raised their price target on shares of PROG from $28.00 to $34.00 in a report on Thursday, April 27th.

PROG Stock Down 1.0 %

PROG stock opened at $32.77 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.58 and a current ratio of 3.40. PROG Holdings, Inc. has a 52-week low of $12.11 and a 52-week high of $33.38. The firm has a 50 day moving average price of $26.27 and a two-hundred day moving average price of $22.40. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.86 and a beta of 2.12.

PROG (NYSE:PRG – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.27. The company had revenue of $655.14 million during the quarter, compared to analyst estimates of $642.58 million. PROG had a net margin of 4.70% and a return on equity of 27.54%. PROG’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. Equities analysts predict that PROG Holdings, Inc. will post 2.69 EPS for the current year.

PROG Profile

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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.