Upbound Group (NASDAQ:UPBD) Given New $35.00 Price Target at Jefferies Financial Group

Upbound Group (NASDAQ:UPBD) had its price objective cut by investment analysts at Jefferies Financial Group from $37.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 17.88% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. BTIG Research assumed coverage on shares of Upbound Group in a report on Friday, June 7th. They set a “buy” rating and a $45.00 price objective on the stock. Loop Capital restated a “hold” rating and issued a $36.00 target price on shares of Upbound Group in a report on Friday, September 13th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Upbound Group has a consensus rating of “Moderate Buy” and an average target price of $40.00.

Upbound Group Trading Down 7.2 %

UPBD stock traded down $2.30 during midday trading on Tuesday, hitting $29.69. The stock had a trading volume of 378,926 shares, compared to its average volume of 449,536. The business has a fifty day moving average price of $32.43 and a two-hundred day moving average price of $32.20. Upbound Group has a 1-year low of $25.00 and a 1-year high of $38.72. The firm has a market cap of $1.62 billion, a P/E ratio of -64.54 and a beta of 2.00. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.11 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that Upbound Group will post 3.81 earnings per share for the current fiscal year.

Insider Activity at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,031 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were acquired at an average price of $29.82 per share, with a total value of $30,744.42. Following the transaction, the director now owns 84,169 shares in the company, valued at $2,509,919.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Jeffrey J. Brown purchased 1,031 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was bought at an average price of $29.82 per share, for a total transaction of $30,744.42. Following the purchase, the director now directly owns 84,169 shares in the company, valued at approximately $2,509,919.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the sale, the executive vice president now owns 14,651 shares of the company’s stock, valued at approximately $498,134. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Upbound Group

Several large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Upbound Group during the 2nd quarter worth approximately $257,000. Aristides Capital LLC purchased a new position in Upbound Group in the 2nd quarter valued at approximately $213,000. The Manufacturers Life Insurance Company grew its stake in Upbound Group by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,123 shares of the company’s stock valued at $802,000 after buying an additional 1,317 shares in the last quarter. Caxton Associates LP purchased a new position in Upbound Group in the 2nd quarter valued at approximately $956,000. Finally, Cubist Systematic Strategies LLC grew its stake in Upbound Group by 4,547.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 70,681 shares of the company’s stock valued at $2,170,000 after buying an additional 69,160 shares in the last quarter. Hedge funds and other institutional investors 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.