Upbound Group, Inc. (NASDAQ:UPBD) Receives $34.50 Average Price Target from Analysts

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $34.50.

UPBD has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and issued a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

Insider Buying and Selling at Upbound Group

In related news, Director Jeffrey J. Brown purchased 1,653 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The shares were acquired at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the purchase, the director owned 89,400 shares in the company, valued at approximately $2,315,460. This represents a 1.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Upbound Group

A number of institutional investors have recently bought and sold shares of UPBD. TD Private Client Wealth LLC boosted its holdings in Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after purchasing an additional 491 shares during the period. CWM LLC lifted its holdings in shares of Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $45,000 after acquiring an additional 493 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Upbound Group by 414.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock worth $66,000 after acquiring an additional 2,108 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Upbound Group by 179.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock worth $94,000 after acquiring an additional 2,512 shares during the period. Finally, Palouse Capital Management Inc. lifted its holdings in shares of Upbound Group by 64.3% during the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company’s stock worth $159,000 after acquiring an additional 2,592 shares during the period. Institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Up 4.4%

NASDAQ UPBD opened at $23.62 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The firm has a 50-day simple moving average of $24.56 and a 200 day simple moving average of $24.65. Upbound Group has a twelve month low of $19.65 and a twelve month high of $36.00. The stock has a market cap of $1.37 billion, a PE ratio of 13.27 and a beta of 1.74.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. On average, research analysts forecast that Upbound Group will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 annualized dividend and a dividend yield of 6.6%. Upbound Group’s payout ratio is currently 87.64%.

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.