Analysts Set Upbound Group, Inc. (NASDAQ:UPBD) Price Target at $36.80

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have been given an average recommendation of “Buy” by the six ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $37.25.

Several research firms have recently issued reports on UPBD. BTIG Research reiterated a “buy” rating and set a $40.00 price objective on shares of Upbound Group in a research report on Tuesday, September 16th. Loop Capital upgraded shares of Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of Upbound Group in a research report on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Upbound Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th.

Upbound Group Trading Down 0.2%

Upbound Group stock opened at $22.74 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of 12.78 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. Upbound Group has a 1 year low of $19.65 and a 1 year high of $36.00. The firm’s 50 day moving average price is $24.30 and its 200-day moving average price is $24.00.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, equities analysts predict that Upbound Group will post 4.28 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.9%. The ex-dividend date is Tuesday, September 30th. Upbound Group’s payout ratio is currently 87.64%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, EVP Ralph T. Montrone sold 6,000 shares of Upbound Group stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the transaction, the executive vice president directly owned 49,123 shares of the company’s stock, valued at $1,239,373.29. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey J. Brown acquired 1,653 shares of the company’s stock in a transaction on Tuesday, July 8th. The shares were purchased at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the purchase, the director directly owned 89,400 shares of the company’s stock, valued at $2,315,460. This trade represents a 1.88% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UPBD. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Upbound Group by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,151 shares of the company’s stock worth $4,088,000 after buying an additional 21,568 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Upbound Group during the fourth quarter worth $5,201,000. Wellington Management Group LLP boosted its stake in Upbound Group by 37.9% during the fourth quarter. Wellington Management Group LLP now owns 559,120 shares of the company’s stock worth $16,310,000 after buying an additional 153,551 shares during the period. GAMMA Investing LLC boosted its stake in Upbound Group by 5,179.7% during the first quarter. GAMMA Investing LLC now owns 12,196 shares of the company’s stock worth $292,000 after buying an additional 11,965 shares during the period. Finally, Rhumbline Advisers boosted its stake in Upbound Group by 3.2% during the first quarter. Rhumbline Advisers now owns 148,921 shares of the company’s stock worth $3,568,000 after buying an additional 4,621 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

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.