Jefferies Financial Group Lowers Upbound Group (NASDAQ:UPBD) Price Target to $35.00

Upbound Group (NASDAQ:UPBD) had its price objective reduced by Jefferies Financial Group from $37.00 to $35.00 in a research report released on Tuesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other analysts also recently commented on the stock. Loop Capital restated a hold rating and set a $36.00 target price on shares of Upbound Group in a report on Friday, September 13th. BTIG Research began coverage on shares of Upbound Group in a report on Friday, June 7th. They set a buy rating and a $45.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Upbound Group currently has a consensus rating of Moderate Buy and an average target price of $40.00.

Upbound Group Stock Up 1.0 %

Upbound Group stock opened at $28.65 on Tuesday. The company’s 50 day simple moving average is $32.24 and its 200 day simple moving average is $32.15. Upbound Group has a fifty-two week low of $25.00 and a fifty-two week high of $38.72. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -62.28 and a beta of 2.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. Upbound Group’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 EPS. As a group, sell-side analysts anticipate that Upbound Group will post 3.81 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.17%. Upbound Group’s dividend payout ratio (DPR) is presently -321.74%.

Insider Activity

In other news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ralph T. Montrone sold 15,000 shares of Upbound Group stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.48, for a total transaction of $487,200.00. Following the completion of the sale, the executive vice president now owns 40,074 shares in the company, valued at $1,301,603.52. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Upbound Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Upbound Group in the second quarter valued at $606,000. Interval Partners LP boosted its position in Upbound Group by 155.1% during the first quarter. Interval Partners LP now owns 96,131 shares of the company’s stock worth $3,385,000 after purchasing an additional 58,442 shares during the period. Napatree Capital LLC bought a new position in Upbound Group during the fourth quarter worth $820,000. ClariVest Asset Management LLC boosted its position in Upbound Group by 36,691.7% during the first quarter. ClariVest Asset Management LLC now owns 30,905 shares of the company’s stock worth $1,088,000 after purchasing an additional 30,821 shares during the period. Finally, Edgestream Partners L.P. boosted its position in Upbound Group by 78.4% during the first quarter. Edgestream Partners L.P. now owns 137,031 shares of the company’s stock worth $4,825,000 after purchasing an additional 60,203 shares during the period. 90.30% of the stock is owned by 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.