Loop Capital Lowers Upbound Group (NASDAQ:UPBD) Price Target to $33.00

Upbound Group (NASDAQ:UPBD - Get Free Report) had its target price cut by Loop Capital from $36.00 to $33.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Loop Capital's target price would suggest a potential upside of 12.02% from the stock's current price.

Separately, Jefferies Financial Group dropped their price objective on Upbound Group from $37.00 to $35.00 and set a "hold" rating on the stock in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.40.

Upbound Group Trading Up 0.8 %

Shares of NASDAQ:UPBD traded up $0.22 on Friday, hitting $29.46. 554,378 shares of the company's stock were exchanged, compared to its average volume of 452,376. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 30.06 and a beta of 2.00. Upbound Group has a 12 month low of $26.42 and a 12 month high of $38.72. 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 business's 50 day simple moving average is $30.33 and its two-hundred day simple moving average is $31.44.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Analysts anticipate that Upbound Group will post 3.67 EPS for the current fiscal year.

Insider Activity at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,065 shares of the company's stock in a transaction on Tuesday, October 22nd. The shares were acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the transaction, the director now owns 85,234 shares of the company's stock, valued at $2,493,094.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jeffrey J. Brown purchased 1,065 shares of the firm's stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average cost of $29.25 per share, with a total value of $31,151.25. Following the completion of the transaction, the director now owns 85,234 shares in the company, valued at $2,493,094.50. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ralph T. Montrone sold 15,000 shares of the firm's stock in a transaction dated 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Upbound Group

A number of large investors have recently made changes to their positions in the business. Ieq Capital LLC grew its stake in Upbound Group by 112.7% during the 2nd quarter. Ieq Capital LLC now owns 4,827,021 shares of the company's stock worth $148,190,000 after buying an additional 2,557,906 shares during the last quarter. LSV Asset Management increased its holdings in shares of Upbound Group by 43.0% during the first quarter. LSV Asset Management now owns 1,693,695 shares of the company's stock valued at $59,635,000 after acquiring an additional 509,343 shares in the last quarter. Marshall Wace LLP raised its position in shares of Upbound Group by 1,903.6% in the 2nd quarter. Marshall Wace LLP now owns 395,888 shares of the company's stock valued at $12,154,000 after purchasing an additional 376,129 shares during the last quarter. SG Capital Management LLC acquired a new stake in Upbound Group in the 1st quarter worth approximately $12,198,000. Finally, Huber Capital Management LLC grew its position in Upbound Group by 51.4% during the 2nd quarter. Huber Capital Management LLC now owns 745,299 shares of the company's stock worth $22,881,000 after purchasing an additional 253,104 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

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.