Analysts Set Upbound Group, Inc. (NASDAQ:UPBD) Price Target at $40.00

Upbound Group, Inc. (NASDAQ:UPBD) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $40.00.

A number of research analysts have recently issued reports on UPBD shares. Loop Capital restated a “hold” rating and issued a $36.00 price target on shares of Upbound Group in a research report on Friday, September 13th. Jefferies Financial Group dropped their target price on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st.

Insider Activity at Upbound Group

In related news, EVP Ralph T. Montrone sold 15,000 shares of the 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 directly owns 40,074 shares of the company’s stock, valued at $1,301,603.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.48, for a total transaction of $487,200.00. Following the sale, the executive vice president now owns 40,074 shares in the company, valued at approximately $1,301,603.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction 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 transaction, the executive vice president now owns 14,651 shares in the company, valued at $498,134. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of Upbound Group during the 1st quarter valued at $29,000. Blue Trust Inc. grew its stake in Upbound Group by 47.9% in the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock valued at $34,000 after purchasing an additional 362 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Upbound Group in the 2nd quarter worth about $42,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Upbound Group by 232.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock valued at $58,000 after buying an additional 1,146 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Upbound Group in the 2nd quarter valued at approximately $89,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Trading Down 0.6 %

NASDAQ UPBD opened at $28.87 on Tuesday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -62.76 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 has a 12 month low of $25.00 and a 12 month high of $38.72. The company’s fifty day moving average price is $31.24 and its two-hundred day moving average price is $31.91.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.04 EPS 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 analysts’ expectations of $1.03 billion. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. As a group, research analysts predict that Upbound Group will post 3.67 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The business 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. This represents a $1.48 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Tuesday, October 1st. Upbound Group’s dividend payout ratio (DPR) is presently -321.74%.

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.