News

Fintel reports that on June 7, 2024, BTIG initiated coverage of PROG Holdings (NYSE:PRG) with a Neutral recommendation.

Analyst Price Forecast Suggests 13.01% Upside

As of June 2, 2024, the average one-year price target for PROG Holdings is 41.06. The forecasts range from a low of 35.35 to a high of $46.20. The average price target represents an increase of 13.01% from its latest reported closing price of 36.33.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for PROG Holdings is 2,666MM, an increase of 11.32%. The projected annual non-GAAP EPS is 2.87.

What is the Fund Sentiment?

There are 582 funds or institutions reporting positions in PROG Holdings. This is an decrease of 13 owner(s) or 2.18% in the last quarter. Average portfolio weight of all funds dedicated to PRG is 0.16%, an increase of 106.91%. Total shares owned by institutions decreased in the last three months by 2.59% to 47,766K shares.

The put/call ratio of PRG is 0.54, indicating a bullish outlook.

What are Other Shareholders Doing?

IJR - iShares Core S&P Small-Cap ETF holds 3,032K shares representing 7.02% ownership of the company. In its prior filing, the firm reported owning 2,994K shares , representing an increase of 1.25%. The firm increased its portfolio allocation in PRG by 8.07% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,426K shares representing 3.30% ownership of the company. In its prior filing, the firm reported owning 1,421K shares , representing an increase of 0.34%. The firm increased its portfolio allocation in PRG by 1.93% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,116K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 1,139K shares , representing a decrease of 2.01%. The firm increased its portfolio allocation in PRG by 0.64% over the last quarter.

IWM - iShares Russell 2000 ETF holds 1,091K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 1,242K shares , representing a decrease of 13.89%. The firm increased its portfolio allocation in PRG by 0.75% over the last quarter.

FDVLX - Fidelity Value Fund holds 1,068K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 1,055K shares , representing an increase of 1.24%. The firm decreased its portfolio allocation in PRG by 8.27% over the last quarter.

PROG Holdings Background Information
(This description is provided by the company.)

Headquartered in SALT LAKE CITY, PROG Holdings, Inc. is the holding company of Progressive Leasing, a leading provider of lease-purchase solutions for consumers at the point of sale at many national, regional and local retailers and e-commerce websites. Progressive Leasing offers a lease-to-own payment solution for consumers to acquire furniture, appliances, jewelry, electronics, bedding, cell phones, wheel and tire and other large ticket consumer durables through over 20,000 locations in 46 states as well as with e-commerce POS sites. Vive Financial provides a variety of second-look credit products that are originated through federally insured banks.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.