Upbound Group, Inc. (NASDAQ:UPBD) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) have received an average recommendation 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, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $39.17.

A number of research firms recently weighed in on UPBD. TD Cowen raised shares of Upbound Group to a "strong-buy" rating in a research report on Friday, November 29th. Stephens initiated coverage on Upbound Group in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $38.00 target price on the stock. 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 report on Tuesday, October 1st. Finally, Loop Capital lowered their price target on Upbound Group from $36.00 to $33.00 and set a "hold" rating on the stock in a research report on Friday, November 1st.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,146 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now owns 86,380 shares in the company, valued at $2,505,883.80. This represents a 1.34 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UPBD. Covestor Ltd grew its position in shares of 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 purchasing an additional 828 shares during the last quarter. Blue Trust Inc. grew its holdings in Upbound Group by 40.1% in the 3rd quarter. Blue Trust Inc. now owns 1,566 shares of the company's stock valued at $48,000 after buying an additional 448 shares in the last quarter. Quarry LP increased its position in Upbound Group by 374.3% during the 3rd quarter. Quarry LP now owns 3,282 shares of the company's stock worth $105,000 after buying an additional 2,590 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Upbound Group during the third quarter worth $142,000. Finally, nVerses Capital LLC bought a new stake in shares of Upbound Group in the third quarter valued at about $192,000. 90.30% of the stock is owned by institutional investors.

Upbound Group Stock Up 0.7 %

Shares of UPBD stock traded up $0.20 on Thursday, hitting $29.50. 401,729 shares of the stock were exchanged, compared to its average volume of 473,363. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $1.61 billion, a P/E ratio of 20.34 and a beta of 2.05. Upbound Group has a fifty-two week low of $26.50 and a fifty-two week high of $38.72. The business has a 50-day moving average of $31.65 and a 200 day moving average of $31.40.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results 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 return on equity of 34.15% and a net margin of 1.91%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The business's revenue was up 9.2% on a year-over-year basis. Equities analysts anticipate that Upbound Group will post 3.8 EPS for the current year.

Upbound Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Wednesday, December 18th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.29%. This is a boost from Upbound Group's previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, December 18th. Upbound Group's dividend payout ratio (DPR) is presently 107.59%.

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.