Loop Capital Reaffirms “Hold” Rating for Upbound Group (NASDAQ:UPBD)

Upbound Group (NASDAQ:UPBD)‘s stock had its “hold” rating reissued by analysts at Loop Capital in a research note issued on Friday, Benzinga reports. They presently have a $36.00 target price on the stock. Loop Capital’s price objective would suggest a potential upside of 16.39% from the stock’s previous close.

Several other research firms also recently weighed in on UPBD. BTIG Research assumed coverage on shares of Upbound Group in a research note on Friday, June 7th. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group reduced their price objective on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.40.

Upbound Group Price Performance

Shares of NASDAQ UPBD opened at $30.93 on Friday. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The stock has a fifty day simple moving average of $32.57 and a two-hundred day simple moving average of $32.39. 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 $1.69 billion, a price-to-earnings ratio of -67.24 and a beta of 2.00.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts anticipate that Upbound Group will post 3.81 earnings per share for the current year.

Insider Buying and Selling at Upbound Group

In other news, EVP Transient C. Taylor sold 15,127 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares of the company’s stock, valued at $498,134. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Ralph T. Montrone sold 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was 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 directly owns 40,074 shares in the company, valued at $1,301,603.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Transient C. Taylor sold 15,127 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the transaction, the executive vice president now owns 14,651 shares in the company, valued at $498,134. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Institutional Trading of Upbound Group

A number of large investors have recently modified their holdings of UPBD. Headlands Technologies LLC bought a new position in shares of Upbound Group in the first quarter worth approximately $29,000. Blue Trust Inc. increased its holdings in shares of Upbound Group by 47.9% in the 2nd 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 last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Upbound Group during the 2nd quarter valued at $42,000. Allspring Global Investments Holdings LLC raised its position in shares of Upbound Group by 232.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock valued at $58,000 after buying an additional 1,146 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Upbound Group during the 2nd quarter worth $89,000. Institutional investors own 90.30% of the company’s stock.

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.