Upbound Group, Inc. (NASDAQ:UPBD) Receives $40.25 Consensus Target Price from Analysts

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $39.40.

UPBD has been the topic of a number of research reports. Jefferies Financial Group lowered their price objective on Upbound Group from $34.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Loop Capital reissued a “hold” rating and issued a $36.00 price target on shares of Upbound Group in a report on Friday, September 13th. Finally, BTIG Research assumed coverage on shares of Upbound Group in a research report on Friday, June 7th. They set a “buy” rating and a $45.00 target price on the stock.

Insiders Place Their Bets

In other news, EVP Ralph T. Montrone sold 15,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the sale, the executive vice president now owns 40,074 shares in the company, valued at approximately $1,301,603.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey J. Brown acquired 1,031 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was bought at an average price of $29.82 per share, with a total value of $30,744.42. Following the completion of the acquisition, the director now owns 84,169 shares in the company, valued at approximately $2,509,919.58. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Ralph T. Montrone sold 15,000 shares of Upbound Group stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.48, for a total transaction of $487,200.00. Following the completion of the transaction, the executive vice president now owns 40,074 shares of the company’s stock, valued at approximately $1,301,603.52. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Upbound Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ieq Capital LLC grew its holdings in shares of Upbound Group by 112.7% during the second quarter. Ieq Capital LLC now owns 4,827,021 shares of the company’s stock worth $148,190,000 after purchasing an additional 2,557,906 shares during the last quarter. LSV Asset Management grew its holdings in Upbound Group by 43.0% during the 1st quarter. LSV Asset Management now owns 1,693,695 shares of the company’s stock worth $59,635,000 after acquiring an additional 509,343 shares during the last quarter. Marshall Wace LLP increased its position in Upbound Group by 1,903.6% in the 2nd quarter. Marshall Wace LLP now owns 395,888 shares of the company’s stock valued at $12,154,000 after acquiring an additional 376,129 shares in the last quarter. Norges Bank bought a new position in shares of Upbound Group in the fourth quarter worth about $12,170,000. Finally, SG Capital Management LLC bought a new position in shares of Upbound Group in the first quarter worth about $12,198,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Upbound Group Price Performance

Shares of Upbound Group stock opened at $31.09 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.96 and a quick ratio of 0.84. The company has a market cap of $1.70 billion, a PE ratio of -67.59 and a beta of 2.00. The firm has a fifty day moving average price of $32.63 and a two-hundred day moving average price of $32.31. Upbound Group has a fifty-two week low of $25.00 and a fifty-two week high of $38.72.

Upbound Group (NASDAQ:UPBD) last released its earnings results 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $1.11 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Analysts expect that Upbound Group will post 3.81 EPS for the current year.

About Upbound Group

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.