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

Shares of Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $39.17.

Several equities research analysts recently commented on UPBD shares. Loop Capital cut their price target on shares of Upbound Group from $36.00 to $33.00 and set a "hold" rating for the company in a report on Friday, November 1st. Stephens initiated coverage on shares of Upbound Group in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group cut their price objective on Upbound Group from $37.00 to $35.00 and set a "hold" rating for the company in a research note on Tuesday, October 1st.

Insider Activity at Upbound Group

In other news, Director Jeffrey J. Brown bought 1,065 shares of the stock in a transaction dated 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 completion of the acquisition, the director now directly owns 85,234 shares in the company, valued at approximately $2,493,094.50. The trade was a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Upbound Group

A number of hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new stake in shares of Upbound Group during the 2nd quarter worth $606,000. Vanguard Group Inc. grew its position in Upbound Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company's stock worth $211,453,000 after buying an additional 209,422 shares during the period. SG Capital Management LLC purchased a new position in Upbound Group in the first quarter valued at about $12,198,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Upbound Group during the 2nd quarter worth approximately $89,000. Finally, Texas Permanent School Fund Corp raised its holdings in Upbound Group by 62.5% during the second quarter. Texas Permanent School Fund Corp now owns 63,332 shares of the company's stock worth $1,944,000 after purchasing an additional 24,367 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Upbound Group Trading Down 0.3 %

NASDAQ:UPBD traded down $0.11 during midday trading on Wednesday, hitting $34.29. 66,953 shares of the company traded hands, compared to its average volume of 450,300. The firm has a market capitalization of $1.88 billion, a P/E ratio of 23.72 and a beta of 2.01. Upbound Group has a 12-month low of $26.50 and a 12-month high of $38.72. The firm's fifty day moving average is $30.60 and its 200-day moving average is $31.58. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.02.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts predict that Upbound Group will post 3.79 EPS for the current year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 annualized dividend and a dividend yield of 4.32%. Upbound Group's dividend payout ratio (DPR) is currently 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.