PROG Holdings: Don't Buy Just Yet [Seeking Alpha]
PROG Holdings, Inc. (PRG)
Company Research
Source: Seeking Alpha
The company has three segments: Progressive Leasing, Vive, and Four, with Progressive Leasing being the main driver of revenue. PROG Holdings has a large addressable market and strong partnerships with established merchants, contributing to its growth potential. Shares are fully priced at around $30 and are a hold. Investment Thesis PROG Holdings ( NYSE: PRG ) continues to be a solid performer among a tough economy and rising interest rates. Given its recent Q4 earnings , I believe the stock is a hold but continue to be optimistic about the company's long-term potential. However, given its valuation, I believe most of its growth prospects are priced in fairly, so investors should continue to sit tight. Management has shown to be very thoughtful in returning capital to shareholders. Despite some controversy about potentially misleading lending practices to these subprime borrowers, I believe the company is serving an unmet need of allowing people to get things they need at rea
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PRG
News
- Fast-paced Momentum Stock PROG Holdings (PRG) Is Still Trading at a Bargain [Yahoo! Finance]Yahoo! Finance
- PROG Holdings, Inc. (NYSE: PRG) had its price target raised by analysts at Loop Capital from $31.00 to $35.00. They now have a "hold" rating on the stock.MarketBeat
- PROG Holdings, Inc. (NYSE: PRG) had its price target raised by analysts at TD Cowen from $38.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
- PROG Holdings, Inc. (NYSE:PRG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PROG Holdings Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
PRG
Earnings
- 4/24/24 - Beat
PRG
Sec Filings
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/5/24 - Form DEF
- PRG's page on the SEC website