Upbound Group, Inc. (NASDAQ:UPBD) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $40.00.

Several analysts have issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Upbound Group from $37.00 to $35.00 and set a "hold" rating on the stock in a report on Tuesday, October 1st. Loop Capital restated a "hold" rating and set a $36.00 price objective on shares of Upbound Group in a research report on Friday, September 13th.

Insider Activity

In related news, EVP Ralph T. Montrone sold 15,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.48, for a total value of $487,200.00. Following the transaction, the executive vice president now directly owns 40,074 shares of the company's stock, valued at approximately $1,301,603.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 owns 40,074 shares of the company's stock, valued at approximately $1,301,603.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $514,318.00. Following the transaction, the executive vice president now directly owns 14,651 shares in the company, valued at approximately $498,134. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several 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 in the first quarter valued at about $29,000. Blue Trust Inc. lifted its position in shares of Upbound Group by 47.9% during the second quarter. Blue Trust Inc. now owns 1,118 shares of the company's stock worth $34,000 after purchasing an additional 362 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Upbound Group during the second quarter worth $42,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Upbound Group by 232.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company's stock valued at $58,000 after purchasing an additional 1,146 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Upbound Group during the 2nd quarter valued at $89,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Price Performance

Shares of NASDAQ UPBD traded down $0.53 during trading on Tuesday, hitting $29.14. 363,883 shares of the company were exchanged, compared to its average volume of 455,657. The firm's fifty day moving average price is $31.81 and its 200 day moving average price is $32.05. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -64.50 and a beta of 2.00. Upbound Group has a 1 year low of $25.00 and a 1 year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 EPS. On average, sell-side analysts expect that Upbound Group will post 3.67 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders 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 5.08%. 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.