Loop Capital Has Lowered Expectations for Upbound Group (NASDAQ:UPBD) Stock Price

Upbound Group (NASDAQ:UPBD) had its target price decreased by equities researchers at Loop Capital from $36.00 to $33.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price target would indicate a potential upside of 12.02% from the stock’s previous close.

Separately, Jefferies Financial Group cut their price target 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.40.

Upbound Group Price Performance

Upbound Group stock opened at $29.46 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.84 and a current ratio of 3.96. The firm has a market cap of $1.61 billion, a P/E ratio of 20.32 and a beta of 2.01. The business’s fifty day moving average is $30.25 and its two-hundred day moving average is $31.43. Upbound Group has a 52 week low of $26.42 and a 52 week high of $38.72.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Equities research analysts forecast that Upbound Group will post 3.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the transaction, the executive vice president now owns 14,651 shares of the company’s stock, valued at approximately $498,134. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Jeffrey J. Brown bought 1,065 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average price of $29.25 per share, with a total value of $31,151.25. Following the completion of the purchase, the director now owns 85,234 shares of the company’s stock, valued at $2,493,094.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Transient C. Taylor sold 15,127 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

Several hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in shares of Upbound Group by 268.8% in the third quarter. Covestor Ltd now owns 1,136 shares of the company’s stock worth $37,000 after acquiring an additional 828 shares in the last quarter. Summit Global Investments bought a new stake in shares of Upbound Group in the third quarter worth about $1,216,000. Olympiad Research LP bought a new stake in shares of Upbound Group in the third quarter worth about $336,000. Amalgamated Bank increased its holdings in shares of Upbound Group by 3.5% in the third quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock worth $464,000 after acquiring an additional 496 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in shares of Upbound Group by 0.5% in the third quarter. New York State Teachers Retirement System now owns 80,578 shares of the company’s stock worth $2,578,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.