Prog Holdings Stock Today

PRG Stock  USD 35.66  2.89  8.82%   

Performance

6 of 100

 
Weak
 
Strong
Modest

Odds Of Distress

Less than 3

 
High
 
Low
Very Low
PROG Holdings is trading at 35.66 as of the 25th of April 2024. This is a 8.82 percent increase since the beginning of the trading day. The stock's lowest day price was 33.14. PROG Holdings has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for PROG Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
7th of September 1984
Category
Industrials
PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah. Prog Hldgs operates under Rental Leasing Services classification in the United States and is traded on New York Stock Exchange. The company has 43.17 M outstanding shares of which 1.48 M shares are at this time shorted by investors with about 4.46 days to cover. More on PROG Holdings

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PROG Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. PROG Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding PROG Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOSteven Michaels
Old NamePROCTER&GAMBLE - Hanover Stock Exchang
Business ConcentrationIndustrial Machinery & Supplies & Components, Rental & Leasing Services, Industrials, NYSE Composite, Stock Exchange Of, SET Total Return, SP Small-Cap 600, Industrials, Machinery, Rental & Leasing Services, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering PROG Holdings report their recommendations after researching PROG Holdings' financial statements, talking to executives and customers, or listening in on PROG Holdings' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering PROG Holdings. The PROG consensus assessment is calculated by taking the average forecast from all of the analysts covering PROG Holdings.
Financial Strength
Based on the key indicators related to PROG Holdings' liquidity, profitability, solvency, and operating efficiency, PROG Holdings is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of PROG Holdings is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.05450.0931
Way Down
Pretty Stable
Asset Turnover1.091.6149
Way Down
Slightly volatile
Gross Profit Margin0.320.3322
Sufficiently Down
Slightly volatile
Total Current Liabilities205.8 M187 M
Significantly Up
Very volatile
Non Current Liabilities Total748.6 M713 M
Sufficiently Up
Slightly volatile
Total Assets1.1 B1.5 B
Way Down
Very volatile
Total Current Assets683.8 M1.1 B
Way Down
Pretty Stable
PROG Holdings' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to PROG Holdings' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
PROG Holdings' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of PROG Holdings' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand PROG Holdings' financial leverage. It provides some insight into what part of PROG Holdings' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on PROG Holdings' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how PROG Holdings deploys its capital and how much of that capital is borrowed.
Liquidity
PROG Holdings cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 608.11 M in debt with debt to equity (D/E) ratio of 1.08, which is OK given its current industry classification. PROG Holdings has a current ratio of 3.25, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist PROG Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, PROG Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like PROG Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for PROG to invest in growth at high rates of return. When we think about PROG Holdings' use of debt, we should always consider it together with cash and equity.

Change In Cash

24.71 Million
PROG Holdings (PRG) is traded on New York Stock Exchange in USA. It is located in 256 West Data Drive, Draper, UT, United States, 84020-2315 and employs 1,606 people. PROG Holdings is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.55 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate PROG Holdings's market, we take the total number of its shares issued and multiply it by PROG Holdings's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. PROG Holdings runs under Machinery sector within Industrials industry. The entity has 43.17 M outstanding shares of which 1.48 M shares are at this time shorted by investors with about 4.46 days to cover. PROG Holdings has about 131.88 M in cash with 204.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.43.
Check PROG Holdings Probability Of Bankruptcy
Ownership Allocation
PROG Holdings has a total of 43.17 Million outstanding shares. The majority of PROG Holdings outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in PROG Holdings to benefit from reduced commissions. Accordingly, institutional investors are subject to a different set of regulations than regular investors in PROG Holdings. Please pay attention to any change in the institutional holdings of PROG Holdings as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check PROG Ownership Details

PROG Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of PROG Holdings jumping above the current price in 90 days from now is near 1%. The PROG Holdings probability density function shows the probability of PROG Holdings stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon PROG Holdings has a beta of 0.9967 indicating PROG Holdings market returns are reactive to returns on the market. As the market goes up or down, PROG Holdings is expected to follow. Additionally, pROG Holdings has an alpha of 0.1906, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 35.66HorizonTargetOdds Above 35.66
99.56%90 days
 35.66 
0.43%
Based on a normal probability distribution, the odds of PROG Holdings to move above the current price in 90 days from now is near 1 (This PROG Holdings probability density function shows the probability of PROG Stock to fall within a particular range of prices over 90 days) .

PROG Stock Institutional Holders

Institutional Holdings refers to the ownership stake in PROG Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of PROG Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing PROG Holdings' value.
InstituionRecorded OnShares
Jacobs Levy Equity Management, Inc.2023-09-30
860 K
Bank Of America Corp2023-12-31
800.4 K
Goldman Sachs Group Inc2023-12-31
714.8 K
Ameriprise Financial Inc2023-12-31
704.7 K
Palisade Capital Management Llc2023-12-31
628.6 K
Amvescap Plc.2023-12-31
620.4 K
Northern Trust Corp2023-12-31
540.2 K
Federated Hermes Inc2023-12-31
538.5 K
American Century Companies Inc2023-12-31
501.2 K
Blackrock Inc2023-12-31
7.9 M
Vanguard Group Inc2023-12-31
5.6 M
View PROG Holdings Diagnostics

PROG Holdings Historical Income Statement

PROG Holdings Income Statement is one of the three primary financial statements used for reporting PROG's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of PROG Holdings revenue and expense. PROG Holdings Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, PROG Holdings' Operating Income is most likely to increase significantly in the upcoming years. The PROG Holdings' current EBIT is estimated to increase to about 2.1 B, while Other Operating Expenses is projected to decrease to roughly 1.4 B. View More Fundamentals

PROG Stock Against Markets

Picking the right benchmark for PROG Holdings stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in PROG Holdings stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for PROG Holdings is critical whether you are bullish or bearish towards PROG Holdings at a given time. Please also check how PROG Holdings' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PROG Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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PROG Holdings Corporate Management

Elected by the shareholders, the PROG Holdings' board of directors comprises two types of representatives: PROG Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PROG. The board's role is to monitor PROG Holdings' management team and ensure that shareholders' interests are well served. PROG Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PROG Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ray MartinezIndependent DirectorProfile
Trevor ThatcherChief Operations OfficerProfile
Caroline SheuIndependent DirectorProfile
Debra FioriChief Human Resource OfficerProfile
Mike GiordanoChief Commercial OfficerProfile
John CFAVice RelationsProfile
Todd KingChief OfficerProfile

How to buy PROG Stock?

Before investing in PROG Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in PROG Holdings. To buy PROG Holdings stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of PROG Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase PROG Holdings stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located PROG Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased PROG Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as PROG Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy PROG Stock please use our How to Invest in PROG Holdings guide.

Already Invested in PROG Holdings?

The danger of trading PROG Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of PROG Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than PROG Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PROG Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether PROG Holdings is a strong investment it is important to analyze PROG Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PROG Holdings' future performance. For an informed investment choice regarding PROG Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PROG Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in PROG Stock please use our How to Invest in PROG Holdings guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running PROG Holdings' price analysis, check to measure PROG Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PROG Holdings is operating at the current time. Most of PROG Holdings' value examination focuses on studying past and present price action to predict the probability of PROG Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PROG Holdings' price. Additionally, you may evaluate how the addition of PROG Holdings to your portfolios can decrease your overall portfolio volatility.
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Is PROG Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PROG Holdings. If investors know PROG will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PROG Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.51)
Dividend Share
0.12
Earnings Share
2.47
Revenue Per Share
53.229
Quarterly Revenue Growth
(0.02)
The market value of PROG Holdings is measured differently than its book value, which is the value of PROG that is recorded on the company's balance sheet. Investors also form their own opinion of PROG Holdings' value that differs from its market value or its book value, called intrinsic value, which is PROG Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PROG Holdings' market value can be influenced by many factors that don't directly affect PROG Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PROG Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if PROG Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PROG Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.