Jefferies Financial Group Trims Upbound Group (NASDAQ:UPBD) Target Price to $32.00

Upbound Group (NASDAQ:UPBD - Get Free Report) had its price objective reduced by equities research analysts at Jefferies Financial Group from $34.00 to $32.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's price objective points to a potential upside of 7.71% from the stock's current price.

Separately, BTIG Research initiated coverage on shares of Upbound Group in a report on Friday, June 7th. They issued a "buy" rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.17.

Upbound Group Trading Up 0.7 %

NASDAQ:UPBD traded up $0.22 during trading hours on Wednesday, hitting $29.71. The stock had a trading volume of 363,838 shares, compared to its average volume of 379,329. Upbound Group has a one year low of $25.00 and a one year high of $36.17. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.72 and a current ratio of 3.49. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -64.59 and a beta of 2.02. The business's 50 day moving average is $31.53 and its 200-day moving average is $32.56.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. Upbound Group had a negative net margin of 0.61% and a positive return on equity of 33.40%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that Upbound Group will post 3.75 EPS for the current fiscal year.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown bought 991 shares of Upbound Group stock in a transaction that occurred on Monday, April 22nd. The stock was acquired at an average price of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the acquisition, the director now owns 83,138 shares of the company's stock, valued at approximately $2,550,673.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UPBD. Integrated Advisors Network LLC acquired a new position in Upbound Group during the third quarter worth $470,000. American Century Companies Inc. acquired a new position in Upbound Group during the third quarter worth $21,549,000. Citigroup Inc. acquired a new position in Upbound Group during the third quarter worth $596,000. Vanguard Group Inc. acquired a new stake in Upbound Group in the third quarter valued at $170,877,000. Finally, CoreCap Advisors LLC lifted its stake in Upbound Group by 12.3% in the fourth quarter. CoreCap Advisors LLC now owns 18,565 shares of the company's stock valued at $631,000 after acquiring an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

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.