Brokerages Set Upbound Group, Inc. (NASDAQ:UPBD) Target Price at $39.17

Upbound Group, Inc. (NASDAQ:UPBD) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $39.17.

A number of equities analysts recently commented on the stock. Loop Capital reduced their price objective on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group reduced their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, October 1st. TD Cowen raised Upbound Group to a “strong-buy” rating in a research report on Friday. Finally, Stephens assumed coverage on shares of Upbound Group in a report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price for the company.

Insider Buying and Selling

In other news, Director Jeffrey J. Brown bought 1,065 shares of Upbound Group stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the completion of the acquisition, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. The trade was a 1.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by insiders.

Institutional Trading of Upbound Group

Several large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Upbound Group by 47.9% during the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after buying an additional 362 shares in the last quarter. Covestor Ltd raised its holdings in Upbound Group by 268.8% in the 3rd quarter. Covestor Ltd now owns 1,136 shares of the company’s stock valued at $37,000 after acquiring an additional 828 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Upbound Group in the 2nd quarter worth approximately $42,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Upbound Group during the 2nd quarter worth approximately $89,000. Finally, Quarry LP grew its position in shares of Upbound Group by 374.3% in the third quarter. Quarry LP now owns 3,282 shares of the company’s stock valued at $105,000 after purchasing an additional 2,590 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Upbound Group Stock Performance

Shares of Upbound Group stock opened at $34.39 on Wednesday. Upbound Group has a 12 month low of $26.50 and a 12 month high of $38.72. The stock’s fifty day moving average price is $30.83 and its 200-day moving average price is $31.61. The firm has a market cap of $1.88 billion, a P/E ratio of 23.72 and a beta of 2.01. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.02.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Upbound Group will post 3.79 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.37 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 4.30%. Upbound Group’s dividend payout ratio is currently 102.07%.

Upbound Group Company Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.