Upbound Group (NASDAQ:UPBD) Price Target Raised to $29.00

Upbound Group (NASDAQ:UPBD) had its price objective raised by analysts at TD Cowen from $28.00 to $29.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 42.14% from the stock’s current price.

UPBD has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Upbound Group in a research note on Wednesday, June 24th. Zacks Research cut shares of Upbound Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Upbound Group Stock Down 0.6%

Shares of NASDAQ UPBD traded down $0.13 on Tuesday, reaching $20.40. 148,637 shares of the company’s stock traded hands, compared to its average volume of 854,554. The business’s 50 day simple moving average is $18.75 and its two-hundred day simple moving average is $18.99. Upbound Group has a 12 month low of $15.82 and a 12 month high of $28.02. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 14.28 and a beta of 1.79. The company has a quick ratio of 0.88, a current ratio of 3.06 and a debt-to-equity ratio of 2.01.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, April 30th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. Upbound Group had a net margin of 1.78% and a return on equity of 35.56%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. As a group, equities research analysts forecast that Upbound Group will post 4.15 EPS for the current fiscal year.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $19.41 per share, for a total transaction of $45,205.89. Following the completion of the acquisition, the director owned 94,840 shares of the company’s stock, valued at approximately $1,840,844.40. This trade represents a 2.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UPBD. Hantz Financial Services Inc. grew its stake in Upbound Group by 238.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock worth $25,000 after acquiring an additional 1,020 shares during the period. FNY Investment Advisers LLC purchased a new stake in Upbound Group in the 3rd quarter valued at about $32,000. Quarry LP increased its stake in shares of Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,251 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Upbound Group by 18.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock worth $60,000 after acquiring an additional 535 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Upbound Group by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after purchasing an additional 1,226 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.