Upbound Group, Inc. (NASDAQ:UPBD) Receives $39.17 Consensus Target Price from Brokerages

Shares of Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $39.17.

A number of equities research analysts have commented on the company. Loop Capital decreased their price target on Upbound Group from $36.00 to $33.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Stephens assumed coverage on Upbound Group in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $38.00 price target for the company. Finally, TD Cowen upgraded Upbound Group to a "strong-buy" rating in a research note on Friday, November 29th.

Insider Activity at Upbound Group

In related news, Director Jeffrey J. Brown purchased 1,146 shares of Upbound Group stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average cost of $29.01 per share, for a total transaction of $33,245.46. Following the completion of the transaction, the director now owns 86,380 shares in the company, valued at $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in Upbound Group during the fourth quarter valued at approximately $25,000. Covestor Ltd grew its holdings 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 purchasing an additional 828 shares during the period. Blue Trust Inc. grew its holdings in Upbound Group by 40.1% in the third quarter. Blue Trust Inc. now owns 1,566 shares of the company's stock valued at $48,000 after purchasing an additional 448 shares during the period. Quarry LP grew its holdings in Upbound Group by 374.3% in the third quarter. Quarry LP now owns 3,282 shares of the company's stock valued at $105,000 after purchasing an additional 2,590 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after purchasing an additional 429 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Upbound Group Stock Up 1.4 %

Upbound Group stock traded up $0.42 during midday trading on Monday, reaching $29.79. The company's stock had a trading volume of 336,075 shares, compared to its average volume of 403,623. The stock's 50-day simple moving average is $30.16 and its 200-day simple moving average is $31.08. The company has a debt-to-equity ratio of 2.02, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group has a 52-week low of $26.50 and a 52-week high of $38.72. The stock has a market capitalization of $1.63 billion, a P/E ratio of 20.54 and a beta of 2.05.

Upbound Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Wednesday, December 18th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.24%. 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.