Brokerages Set Upbound Group, Inc. (NASDAQ:UPBD) PT at $40.00

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $40.00.

UPBD has been the subject of a number of recent analyst reports. Loop Capital restated a “hold” rating and issued a $36.00 price objective on shares of Upbound Group in a report on Friday, September 13th. Jefferies Financial Group decreased their price target on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st.

Insider Activity

In other news, 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 transaction of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares of the company’s stock, valued at approximately $498,134. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Upbound Group news, EVP Ralph T. Montrone sold 15,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.48, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now owns 14,651 shares in the company, valued at $498,134. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Institutional Trading of Upbound Group

Large investors have recently added to or reduced their stakes in the stock. Clear Street Markets LLC acquired a new stake in Upbound Group during the 4th quarter valued at $139,000. Bragg Financial Advisors Inc increased its position in shares of Upbound Group by 14.4% during the fourth quarter. Bragg Financial Advisors Inc now owns 242,613 shares of the company’s stock worth $8,242,000 after acquiring an additional 30,513 shares during the last quarter. Optimist Retirement Group LLC purchased a new stake in shares of Upbound Group during the fourth quarter worth about $339,000. Sierra Summit Advisors LLC acquired a new position in shares of Upbound Group in the fourth quarter worth about $559,000. Finally, Napatree Capital LLC purchased a new position in Upbound Group in the fourth quarter valued at about $820,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Upbound Group Stock Performance

Upbound Group stock opened at $29.03 on Tuesday. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. Upbound Group has a 1-year low of $25.00 and a 1-year high of $38.72. The firm has a market capitalization of $1.59 billion, a PE ratio of -63.11 and a beta of 2.00. The firm’s 50 day simple moving average is $31.35 and its 200 day simple moving average is $31.97.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. As a group, analysts expect that Upbound Group will post 3.67 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend is Tuesday, October 1st. Upbound Group’s dividend payout ratio is currently -321.74%.

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.