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 company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.02, for a total transaction of $172,103.68. Following the completion of the transaction, the director now owns 250,940 shares of the company’s stock, valued at approximately $12,050,138.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 Performance

Shares of PRG traded down $0.10 on Tuesday, reaching $48.24. 837,523 shares of the stock traded hands, compared to its average volume of 410,476. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 13.36 and a beta of 2.11. PROG Holdings, Inc. has a 12 month low of $26.39 and a 12 month high of $50.28. The stock’s 50-day moving average price is $46.76 and its 200-day moving average price is $40.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34.

PROG (NYSE:PRG) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $606.10 million for the quarter, compared to analyst estimates of $601.86 million. PROG had a return on equity of 24.56% and a net margin of 6.55%. PROG’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. Equities analysts forecast that PROG Holdings, Inc. will post 3.35 EPS for the current fiscal year.

PROG Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of PROG from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Raymond James raised PROG from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a research note on Thursday, October 24th. KeyCorp increased their price target on shares of PROG from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen boosted their price objective on shares of PROG from $40.00 to $47.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Loop Capital raised shares of PROG from a “hold” rating to a “buy” rating and lifted their target price for the company from $41.00 to $55.00 in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PRG. Whittier Trust Co. bought a new stake in shares of PROG during the 3rd quarter worth about $26,000. Financial Management Professionals Inc. bought a new stake in shares of PROG during the third quarter worth approximately $33,000. GAMMA Investing LLC grew its position in shares of PROG by 72.0% in the third quarter. GAMMA Investing LLC now owns 805 shares of the company’s stock valued at $39,000 after purchasing an additional 337 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of PROG during the second quarter worth approximately $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in PROG during the 1st quarter worth approximately $59,000. Institutional investors own 97.92% of the company’s stock.

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.