Upbound Group, Inc. (NASDAQ:UPBD) Receives $39.17 Average Target Price from Analysts

Upbound Group, Inc. (NASDAQ:UPBD) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $39.17.

UPBD has been the topic of a number of research analyst reports. TD Cowen raised shares of Upbound Group to a “strong-buy” rating in a research note on Friday. Jefferies Financial Group decreased their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Stephens started coverage on Upbound Group in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Loop Capital decreased their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, November 1st.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown bought 1,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased 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. This represents a 1.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Upbound Group

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of Upbound Group by 47.9% during the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after acquiring an additional 362 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Upbound Group by 0.5% during the third quarter. New York State Teachers Retirement System now owns 80,578 shares of the company’s stock worth $2,578,000 after purchasing an additional 393 shares in the last quarter. Amalgamated Bank lifted its position in shares of Upbound Group by 3.5% during the 3rd quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock worth $464,000 after buying an additional 496 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Upbound Group by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock valued at $691,000 after buying an additional 500 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of 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 buying an additional 828 shares during the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Trading Down 0.2 %

Shares of Upbound Group stock opened at $34.39 on Wednesday. The stock has a 50 day moving average of $30.83 and a 200 day moving average of $31.61. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.86 and a current ratio of 3.66. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 23.72 and a beta of 2.01. Upbound Group has a fifty-two week low of $26.50 and a fifty-two week high of $38.72.

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

Upbound Group Announces Dividend

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

About Upbound Group

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.