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 a consensus rating of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $39.40.

Several brokerages have commented on UPBD. Loop Capital cut their price objective on Upbound Group from $36.00 to $33.00 and set a "hold" rating on the stock in a research report on Friday. Jefferies Financial Group cut 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.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,065 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average cost of $29.25 per share, with a total value of $31,151.25. Following the completion of the acquisition, the director now directly owns 85,234 shares in the company, valued at $2,493,094.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey J. Brown acquired 1,065 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $29.25 per share, with a total value of $31,151.25. Following the completion of the transaction, the director now directly owns 85,234 shares in the company, valued at $2,493,094.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ralph T. Montrone sold 15,000 shares of Upbound Group stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the completion of the transaction, the executive vice president now owns 40,074 shares in the company, valued at $1,301,603.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Upbound Group

A number of hedge funds and other institutional investors have recently bought and sold shares of UPBD. Headlands Technologies LLC acquired a new position in shares of Upbound Group during the first quarter worth $29,000. Blue Trust Inc. increased its position in Upbound Group by 47.9% during the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company's stock valued at $34,000 after buying an additional 362 shares in the last quarter. Covestor Ltd raised its stake in Upbound Group by 268.8% in the third quarter. Covestor Ltd now owns 1,136 shares of the company's stock valued at $37,000 after buying an additional 828 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Upbound Group in the second quarter worth about $42,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Upbound Group by 232.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company's stock worth $58,000 after acquiring an additional 1,146 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

Upbound Group Trading Up 0.8 %

UPBD stock traded up $0.22 during mid-day trading on Friday, reaching $29.46. 554,378 shares of the stock traded hands, compared to its average volume of 431,880. The business has a 50-day moving average price of $30.25 and a two-hundred day moving average price of $31.43. The stock has a market capitalization of $1.61 billion, a PE ratio of 20.32 and a beta of 2.01. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.84 and a current ratio of 3.96. Upbound Group has a one year low of $26.42 and a one year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts expect that Upbound Group will post 3.67 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend was Tuesday, October 1st. Upbound Group's dividend payout ratio (DPR) is presently 102.07%.

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.