Industrials - Rental & Leasing Services - NYSE - US
$ 47.72
-0.146 %
$ 1.98 B
Market Cap
13.22
P/E
PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in two segments, Progressive Leasing and Vive. The Progressive Leasing segment offers lease-purchase solutions to customers for various merchandize in the furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories markets through point-of-sale and e-commerce retail partners, as well in-store, mobile, and online solutions. The Vive segment provides second-look and revolving credit products to customers that may not qualify for traditional prime lending through private label and Vive-branded credit cards. It offers lease-purchase solutions through approximately 24,000 third-party point-of-sale partner locations and e-commerce websites in 49 states and the District of Columbia.[ Read More ]
The intrinsic value of one PRG stock under the base case scenario is HIDDEN Compared to the current market price of 47.7 USD, PROG Holdings, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart PRG
FINANCIALS
2.41 B
REVENUE
226 M
OPERATING INCOME
139 M
NET INCOME
204 M
OPERATING CASH FLOW
-38.8 M
INVESTING CASH FLOW
-142 M
FINANCING CASH FLOW
606 M
REVENUE
49.2 M
OPERATING INCOME
84 M
NET INCOME
31.9 M
OPERATING CASH FLOW
-17.8 M
INVESTING CASH FLOW
-42.5 M
FINANCING CASH FLOW
Balance Sheet Decomposition
PROG Holdings, Inc.
| Current Assets | 419 M |
| Cash & Short-Term Investments | 155 M |
| Receivables | 195 M |
| Other Current Assets | 69.3 M |
| Non-Current Assets | 1.07 B |
| Long-Term Investments | 564 M |
| PP&E | 33.4 M |
| Other Non-Current Assets | 474 M |
| Current Liabilities | 157 M |
| Accounts Payable | 20.2 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 137 M |
| Non-Current Liabilities | 743 M |
| Long-Term Debt | 608 M |
| Other Non-Current Liabilities | 135 M |
EFFICIENCY
Earnings Waterfall
PROG Holdings, Inc.
| Revenue | 2.41 B |
| Cost Of Revenue | 1.58 B |
| Gross Profit | 832 M |
| Operating Expenses | 606 M |
| Operating Income | 226 M |
| Other Expenses | 86.8 M |
| Net Income | 139 M |
RATIOS
34.55%
GROSS MARGIN
9.37%
OPERATING MARGIN
5.77%
NET MARGIN
23.48%
ROE
9.31%
ROA
13.49%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
PROG Holdings, Inc.
| Net Income | 139 M |
| Depreciation & Amortization | 32 M |
| Capital Expenditures | -9.62 M |
| Stock-Based Compensation | 24.9 M |
| Change in Working Capital | -1.87 B |
| Others | 1.9 B |
| Free Cash Flow | 195 M |
Wall Street Analysts Price Targets
PROG Holdings, Inc.
Wall Street analysts predict an average 1-year price target for PRG of $50.2 , with forecasts ranging from a low of $35 to a high of $58 .
PRG Lowest Price Target
Wall Street Target
35 USD
-26.66%
PRG Average Price Target
Wall Street Target
50.2 USD
5.20%
PRG Highest Price Target
Wall Street Target
58 USD
21.54%
4. DIVIDEND ANALYSIS
0.25%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
PROG Holdings, Inc.
Sold
0-3 MONTHS
8.64 M USD 5
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 days ago
Nov 12, 2024
|
Sell 171 K USD
|
Sewell George M
Principal Acct Off, VP Fin Rep |
- 3500
|
48.88 USD |
|
1 week ago
Nov 08, 2024
|
Sell 70.5 K USD
|
King Michael Todd
Chief Legal and Compliance Off |
- 1500
|
46.97 USD |
|
1 week ago
Nov 07, 2024
|
Sell 246 K USD
|
Garner Brian
Chief Financial Officer |
- 5000
|
49.29 USD |
|
5 days ago
Nov 12, 2024
|
Sell 747 K USD
|
Garner Brian
Chief Financial Officer |
- 15484
|
48.27 USD |
|
1 week ago
Nov 07, 2024
|
Sell 172 K USD
|
Doman Curtis Linn
Director |
- 3584
|
48.02 USD |
|
1 week ago
Nov 08, 2024
|
Sell 653 K USD
|
Doman Curtis Linn
Director |
- 13601
|
48 USD |
|
6 days ago
Nov 11, 2024
|
Sell 201 K USD
|
Doman Curtis Linn
Director |
- 4070
|
49.27 USD |
|
6 days ago
Nov 11, 2024
|
Sell 2.86 M USD
|
Doman Curtis Linn
Director |
- 58745
|
48.71 USD |
|
1 week ago
Nov 07, 2024
|
Sell 1.95 M USD
|
Michaels Steven A
President and CEO |
- 40694
|
47.92 USD |
|
1 week ago
Nov 07, 2024
|
Sell 283 K USD
|
Michaels Steven A
President and CEO |
- 5800
|
48.82 USD |
|
1 week ago
Nov 08, 2024
|
Sell 1.29 M USD
|
Michaels Steven A
President and CEO |
- 27324
|
47.19 USD |
|
2 years ago
Oct 31, 2022
|
Bought 9.86 K USD
|
Thomas Eugene Vin IV
General Counsel and Corp Sec |
+ 618
|
15.95 USD |
|
2 years ago
Aug 03, 2022
|
Bought 23.3 K USD
|
Thomas Eugene Vin IV
General Counsel and Corp Sec |
+ 1200
|
19.39 USD |
|
2 years ago
Aug 03, 2022
|
Bought 48.5 K USD
|
Garner Brian
Chief Financial Officer |
+ 2500
|
19.39 USD |
|
2 years ago
Aug 03, 2022
|
Bought 962 K USD
|
Doman Curtis Linn
Chief Innovation Officer-PROG |
+ 50000
|
19.25 USD |
|
2 years ago
Aug 02, 2022
|
Bought 113 K USD
|
Michaels Steven A
President and CEO |
+ 6000
|
18.87 USD |
|
2 years ago
Aug 02, 2022
|
Bought 170 K USD
|
Michaels Steven A
President and CEO |
+ 9000
|
18.93 USD |
|
3 years ago
Aug 09, 2021
|
Bought 108 K USD
|
CURLING DOUGLAS C
Director |
+ 2500
|
43.11 USD |
|
3 years ago
Aug 03, 2021
|
Bought 107 K USD
|
Garner Brian
Chief Financial Officer |
+ 2500
|
42.89 USD |
|
3 years ago
Aug 03, 2021
|
Bought 322 K USD
|
Michaels Steven A
CEO |
+ 7500
|
42.91 USD |
|
3 years ago
Mar 15, 2021
|
Sell 47.4 K USD
|
Sewell George M
Principal Acct Off, VP Fin Rep |
- 958
|
49.49 USD |
|
3 years ago
Nov 19, 2020
|
Sell 156 K USD
|
Kamerschen Robert W.
EVP, Gen Counsel/Corp Sec |
- 2491
|
62.71 USD |
|
20 years ago
Sep 08, 2004
|
Bought 4.18 K USD
|
Kuhn Jack R
Senior Vice President |
+ 19000
|
0.22 USD |
|
20 years ago
Aug 31, 2004
|
Bought 2.58 K USD
|
Kuhn Jack R
Senior Vice President |
+ 17200
|
0.15 USD |
|
20 years ago
Aug 30, 2004
|
Bought 975 USD
|
Kuhn Jack R
Senior Vice President |
+ 6500
|
0.15 USD |
|
20 years ago
Aug 28, 2004
|
Bought 1.4 K USD
|
Kuhn Jack R
Senior Vice President |
+ 9300
|
0.15 USD |
|
20 years ago
Aug 26, 2004
|
Bought 980 USD
|
MASTANDREA JAMES C
Chairman, CEO and President |
+ 7000
|
0.14 USD |
|
20 years ago
Aug 25, 2004
|
Bought 2.52 K USD
|
MASTANDREA JAMES C
Chairman, CEO and President |
+ 18000
|
0.14 USD |
7. News
PROG Holdings Appoints Two New Independent Directors to Board
SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced the appointment of Robert Julian and Daniela Mielke to its Board of Directors. “Robert and Daniela are recognized leaders in industries that are especially relevant to PROG Holdings. Robert's consumer retail and e-commerce financial expertise, as well as Daniela's leadership in digital payments, fintech and e-commerce.
businesswire.com
- 4 days ago
PROG Holdings, Inc. Declares Dividend
SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, announced today its Board of Directors declared a quarterly cash dividend of $0.12 per share of common stock, payable on December 3, 2024, to shareholders of record as of the close of business on November 19, 2024. About PROG Holdings, Inc. PROG Holdings, Inc. (NYSE:PRG) is a fintech holding company headquartered in Salt Lake City, U.
businesswire.com
- 1 week ago
PROG Holdings, Inc. (PRG) Q3 2024 Earnings Call Transcript
PROG Holdings, Inc. (NYSE:PRG ) Q3 2024 Earnings Conference Call October 23, 2024 8:30 AM ET Company Participants John Baugh - Vice President, Investor Relations Steve Michaels - President and Chief Executive Officer Brian Garner - Chief Financial Officer Conference Call Participants Brad Thomas - KeyBanc John Hecht - Jefferies Anthony Chukumba - Loop Capital Markets Hoang Nguyen - T.D. Cowen Bobby Griffin - Raymond James Vincent Caintic - BTIG Operator Good day and thank you for standing by.
seekingalpha.com
- 3 weeks ago
PROG Holdings (PRG) Surpasses Q3 Earnings and Revenue Estimates
PROG Holdings (PRG) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.90 per share a year ago.
zacks.com
- 3 weeks ago
PROG Holdings Reports Third Quarter 2024 Results
SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build today announced financial results for the third quarter ended September 30, 2024. "We are pleased to report another strong quarter, highlighted by 11.6% GMV growth and a return to revenue growth in our Progressive Leasing segment" said PROG Holdings President and CEO Steve Michaels. This momentum is driven by the effectiveness of our.
businesswire.com
- 3 weeks ago
PROG Holdings, Inc. to Release Third Quarter 2024 Financial Results on October 23, 2024
SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, is scheduled to release financial results for the third quarter of 2024 on Wednesday, October 23, 2024 prior to the market open. The company has also scheduled a live webcast for October 23, 2024 at 8:30 A.M. ET to discuss its financial results for the third quarter of 2024. The webcast can be accessed via the below link, or through.
businesswire.com
- 1 month ago
Progressive Leasing and Best Buy Leaders Featured on Panel to Discuss Financial Inclusion Trends at Merchant Advisory Group Payments Conference
SALT LAKE CITY--(BUSINESS WIRE)--Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own solutions owned by fintech holding company PROG Holdings, Inc. (NYSE:PRG), will be featured alongside Best Buy, ChargeAfter and other leaders in the retail and payments industry at the 2024 MAG Payments Conference September 16-19 in Orlando, Florida. Session Name: Check Your Balances: How Financial Inclusion is Defining a Generation Panel Participants: Nathan Roe, Chief C.
businesswire.com
- 2 months ago
Is the Options Market Predicting a Spike in PROG Holdings (PRG) Stock?
Investors need to pay close attention to PROG Holdings (PRG) stock based on the movements in the options market lately.
zacks.com
- 2 months ago
Fast-paced Momentum Stock PROG Holdings (PRG) Is Still Trading at a Bargain
PROG Holdings (PRG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
zacks.com
- 2 months ago
Has Prog Holdings (PRG) Outpaced Other Finance Stocks This Year?
Here is how PROG Holdings (PRG) and Arthur J. Gallagher (AJG) have performed compared to their sector so far this year.
zacks.com
- 2 months ago
Why Fast-paced Mover PROG Holdings (PRG) Is a Great Choice for Value Investors
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, PROG Holdings (PRG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
zacks.com
- 3 months ago
Best Momentum Stocks to Buy for July 29th
FUNC, PRG, and KMPR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 29, 2024.
zacks.com
- 3 months ago
8. Profile Summary
PROG Holdings, Inc. PRG
COUNTRY
US
INDUSTRY
Rental & Leasing Services
MARKET CAP
$ 1.98 B
Dividend Yield
0.25%
Description
PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in two segments, Progressive Leasing and Vive. The Progressive Leasing segment offers lease-purchase solutions to customers for various merchandize in the furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories markets through point-of-sale and e-commerce retail partners, as well in-store, mobile, and online solutions. The Vive segment provides second-look and revolving credit products to customers that may not qualify for traditional prime lending through private label and Vive-branded credit cards. It offers lease-purchase solutions through approximately 24,000 third-party point-of-sale partner locations and e-commerce websites in 49 states and the District of Columbia. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah.
Contact
256 West Data Drive, Draper, UT, 84020-2315
https://investor.progleasing.com
IPO Date
Nov. 4, 1982
Employees
1606
Officers
Mr. George Matt Sewell
Principal Accounting Officer & Vice President of Financial Reporting
Mr. Brian J. Garner
Chief Financial Officer
Mr. Trevor Thatcher
Chief Operations Officer
Mr. Steven A. Michaels
Chief Executive Officer, President & Director
Mark Delcorps
Director of Corporate Communications
Mr. Todd King
Chief Legal & Compliance Officer
Mr. Sridhar Nallani
Chief Technology Officer
Mr. Curtis Linn Doman
Co-Founder & Director
Mr. John Allen Baugh C.F.A.
Vice President of Investor Relations
Ms. Debra A. Fiori
Chief People Officer