Jefferies Financial Group Trims Upbound Group (NASDAQ:UPBD) Target Price to $35.00

Upbound Group (NASDAQ:UPBD) had its price objective decreased by Jefferies Financial Group from $37.00 to $35.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other brokerages have also recently weighed in on UPBD. BTIG Research started coverage on Upbound Group in a research report on Friday, June 7th. They issued a buy rating and a $45.00 price target for the company. Loop Capital reissued a hold rating and set a $36.00 price objective on shares of Upbound Group in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Upbound Group presently has an average rating of Moderate Buy and an average target price of $40.00.

Upbound Group Price Performance

Shares of NASDAQ UPBD opened at $29.79 on Tuesday. The stock has a market cap of $1.63 billion, a PE ratio of -64.76 and a beta of 2.00. Upbound Group has a fifty-two week low of $25.00 and a fifty-two week high of $38.72. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.84 and a current ratio of 3.96. The stock has a fifty day moving average of $31.95 and a 200-day moving average of $32.11.

Upbound Group (NASDAQ:UPBD) last announced its quarterly 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. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. Equities research analysts anticipate that Upbound Group will post 3.81 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.97%. The ex-dividend date is Tuesday, October 1st. Upbound Group’s dividend payout ratio is -321.74%.

Insider Activity at Upbound Group

In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the sale, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the sale, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey J. Brown purchased 1,031 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were purchased at an average cost of $29.82 per share, with a total value of $30,744.42. Following the purchase, the director now owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in shares of Upbound Group in the first quarter worth about $29,000. Blue Trust Inc. increased its holdings in shares of Upbound Group by 47.9% in the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after buying an additional 362 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Upbound Group in the second quarter worth about $42,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Upbound Group by 232.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after buying an additional 1,146 shares during the period. Finally, TFO Wealth Partners LLC increased its holdings in shares of Upbound Group by 44,716.7% in the fourth quarter. TFO Wealth Partners LLC now owns 2,689 shares of the company’s stock worth $91,000 after buying an additional 2,683 shares during the period. 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.