Upbound Group (NASDAQ:UPBD) Price Target Lowered to $28.00 at TD Cowen

Upbound Group (NASDAQ:UPBD) had its price objective reduced by TD Cowen from $29.00 to $28.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a research report on Wednesday, June 24th. BTIG Research downgraded Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research report on Friday. Finally, Zacks Research lowered Upbound Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.67.

Upbound Group Stock Performance

NASDAQ UPBD opened at $19.39 on Friday. The firm has a 50-day moving average price of $19.81 and a two-hundred day moving average price of $19.40. Upbound Group has a 12-month low of $15.82 and a 12-month high of $28.02. The company has a market capitalization of $1.13 billion, a P/E ratio of 12.59 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 1.94.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. Analysts anticipate that Upbound Group will post 4.15 earnings per share for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.0%. The ex-dividend date was Tuesday, June 16th. Upbound Group’s payout ratio is currently 101.30%.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown bought 2,295 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of $20.09 per share, for a total transaction of $46,106.55. Following the completion of the purchase, the director directly owned 96,681 shares of the company’s stock, valued at approximately $1,942,321.29. This trade represents a 2.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Upbound Group

Several hedge funds and other institutional investors have recently modified their holdings of UPBD. AQR Capital Management LLC lifted its position in shares of Upbound Group by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 48,276 shares of the company’s stock worth $1,157,000 after buying an additional 6,623 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Upbound Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,891 shares of the company’s stock valued at $764,000 after acquiring an additional 1,376 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Upbound Group by 73.0% during the first quarter. Goldman Sachs Group Inc. now owns 532,809 shares of the company’s stock worth $12,766,000 after acquiring an additional 224,811 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Upbound Group by 286.3% in the first quarter. Jane Street Group LLC now owns 86,450 shares of the company’s stock worth $2,071,000 after acquiring an additional 64,073 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Upbound Group in the 2nd quarter valued at approximately $440,000. Institutional investors own 90.30% of the company’s stock.

Trending Headlines about Upbound Group

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Upbound reported second-quarter adjusted earnings of $1.07 per share and revenue of approximately $1.16 billion, both in line with analyst expectations. Revenue increased slightly year over year, while management highlighted growth at Brigit, digital expansion and disciplined portfolio management. Q2 Earnings Call Highlights
• Positive Sentiment: The company raised its 2026 free-cash-flow outlook to $250 million, supporting the investment case by indicating stronger cash generation and continued cost and portfolio discipline. Revenue and Free Cash Flow Outlook
• Positive Sentiment: TD Cowen maintained a Buy rating and lowered its price target modestly to $28 from $29, implying substantial potential upside from recent trading levels. TD Cowen Price Target
• Neutral Sentiment: Management reaffirmed a 2026 earnings range of $4.00 to $4.35 per share and revenue guidance of $4.7 billion to $4.9 billion, broadly consistent with expectations on earnings but reflecting a more measured sales outlook.
• Negative Sentiment: Third-quarter EPS guidance of $0.85 to $0.95 fell below the roughly $1.00 analyst consensus, and the full-year revenue range was narrowed to $4.7 billion-$4.85 billion. The revisions signal softer consumer demand and are likely the primary reason the stock has decreased. Q2 Earnings and Guidance
• Negative Sentiment: Upbound disclosed approximately $13 million in losses related to fraud at Acima, creating an additional near-term earnings and execution concern even as cash-flow guidance improved.

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