Upbound Group (NASDAQ:UPBD) Given New $28.00 Price Target at BTIG Research

Upbound Group (NASDAQ:UPBD) had its price target reduced by BTIG Research from $40.00 to $28.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on UPBD. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Loop Capital raised Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Upbound Group in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Upbound Group has a consensus rating of “Moderate Buy” and a consensus target price of $33.60.

Upbound Group Stock Up 0.2%

UPBD opened at $19.38 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.89 and a beta of 1.77. Upbound Group has a 12 month low of $18.61 and a 12 month high of $36.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The business has a 50-day moving average of $23.82 and a two-hundred day moving average of $23.83.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts expect that Upbound Group will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Upbound Group’s dividend payout ratio is presently 87.64%.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown bought 1,951 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were bought at an average cost of $22.27 per share, with a total value of $43,448.77. Following the transaction, the director directly owned 90,965 shares in the company, valued at approximately $2,025,790.55. This trade represents a 2.19% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ralph T. Montrone sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the executive vice president directly owned 49,123 shares in the company, valued at approximately $1,239,373.29. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Upbound Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company’s stock valued at $168,339,000 after acquiring an additional 244,746 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Upbound Group by 517.8% in the 2nd quarter. Ieq Capital LLC now owns 4,535,114 shares of the company’s stock valued at $113,831,000 after acquiring an additional 3,801,043 shares during the last quarter. LSV Asset Management increased its holdings in shares of Upbound Group by 20.9% in the 2nd quarter. LSV Asset Management now owns 2,041,415 shares of the company’s stock valued at $51,240,000 after acquiring an additional 352,264 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Upbound Group by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,341,347 shares of the company’s stock valued at $33,672,000 after acquiring an additional 27,185 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Upbound Group by 8.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,051,636 shares of the company’s stock valued at $25,197,000 after acquiring an additional 77,450 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

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.