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

Upbound Group, Inc. (NASDAQ:UPBD) has earned an average rating of “Moderate Buy” from the six research firms that are covering the firm, 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 target price among brokers that have updated their coverage on the stock in the last year is $39.17.

Several equities analysts have recently commented on UPBD shares. Stephens began coverage on Upbound Group in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price for the company. TD Cowen upgraded Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Jefferies Financial Group cut their price objective on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Finally, Loop Capital decreased their target price on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, November 1st.

Upbound Group Trading Up 0.1 %

Shares of Upbound Group stock opened at $29.54 on Thursday. The company has a market capitalization of $1.62 billion, a P/E ratio of 20.37 and a beta of 2.05. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.86 and a current ratio of 3.66. The company has a fifty day moving average of $31.58 and a 200 day moving average of $31.41. Upbound Group has a fifty-two week low of $26.50 and a fifty-two week high of $38.72.

Upbound Group (NASDAQ:UPBD) 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. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, sell-side analysts anticipate that Upbound Group will post 3.8 earnings per share for the current fiscal year.

Upbound Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Wednesday, December 18th. This is a positive change from Upbound Group’s previous quarterly dividend of $0.37. Upbound Group’s payout ratio is currently 107.59%.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,146 shares of the stock in a transaction 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 acquisition, the director now directly owns 86,380 shares of the company’s stock, valued at $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UPBD. Covestor Ltd lifted its stake in Upbound Group by 268.8% in the 3rd quarter. Covestor Ltd now owns 1,136 shares of the company’s stock valued at $37,000 after acquiring an additional 828 shares in the last quarter. Blue Trust Inc. grew its stake 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 in the last quarter. Quarry LP raised its holdings in shares of Upbound Group by 374.3% in the 3rd 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. SG Americas Securities LLC acquired a new stake in Upbound Group in the 3rd quarter valued at about $142,000. Finally, nVerses Capital LLC bought a new position in Upbound Group during the third quarter worth about $192,000. 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.