Upbound Group (NASDAQ:UPBD) Price Target Cut to $33.00 by Analysts at Loop Capital

Upbound Group (NASDAQ:UPBD) had its price objective trimmed by Loop Capital from $36.00 to $33.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Separately, Jefferies Financial Group reduced their price objective on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Upbound Group Stock Up 2.1 %

Shares of UPBD stock opened at $30.07 on Friday. Upbound Group has a 12 month low of $26.50 and a 12 month high of $38.72. The stock has a market cap of $1.64 billion, a P/E ratio of 20.74 and a beta of 2.01. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.02. The company has a 50 day simple moving average of $30.19 and a two-hundred day simple moving average of $31.43.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. On average, research analysts expect that Upbound Group will post 3.67 earnings per share for the current year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid 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 4.92%. Upbound Group’s payout ratio is 102.07%.

Insider Activity at Upbound Group

In related news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares of the company’s stock, valued at approximately $498,134. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Upbound Group news, Director Jeffrey J. Brown acquired 1,065 shares of the stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the completion of the transaction, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. This trade represents a 0.00 % 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 hyperlink. Also, EVP Transient C. Taylor sold 15,127 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the transaction, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Upbound Group

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in Upbound Group during the first quarter valued at $29,000. Blue Trust Inc. lifted its holdings in shares of Upbound Group by 47.9% in 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 during the last quarter. Covestor Ltd lifted its holdings in shares of Upbound Group by 268.8% in the 3rd quarter. Covestor Ltd now owns 1,136 shares of the company’s stock worth $37,000 after acquiring an additional 828 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Upbound Group in the 2nd quarter worth about $42,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Upbound Group by 232.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after acquiring an additional 1,146 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

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.