Upbound Group, Inc. (NASDAQ:UPBD) Receives $37.25 Average Target Price from Brokerages

Upbound Group, Inc. (NASDAQ:UPBD) has earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $37.25.

A number of analysts have issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Upbound Group in a research note on Tuesday, September 16th. Loop Capital raised Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Upbound Group in a research note on Friday. Finally, Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,951 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were bought at an average price of $22.27 per share, with a total value of $43,448.77. Following the transaction, the director directly owned 90,965 shares of the company’s stock, valued at $2,025,790.55. The trade was a 2.19% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ralph T. Montrone sold 6,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the executive vice president directly owned 49,123 shares in the company, valued at $1,239,373.29. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

Several hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its holdings in shares of Upbound Group by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 28,301 shares of the company’s stock worth $678,000 after buying an additional 692 shares during the period. Diversified Trust Co purchased a new stake in shares of Upbound Group in the 1st quarter worth $345,000. Kendall Capital Management lifted its holdings in shares of Upbound Group by 13.6% in the 1st quarter. Kendall Capital Management now owns 91,995 shares of the company’s stock worth $2,204,000 after buying an additional 11,045 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Upbound Group by 7.2% in the 1st quarter. Principal Financial Group Inc. now owns 255,244 shares of the company’s stock worth $6,116,000 after buying an additional 17,237 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock worth $31,000 after buying an additional 491 shares during the period. Institutional investors own 90.30% of the company’s stock.

Upbound Group Trading Down 0.0%

Upbound Group stock opened at $22.73 on Thursday. Upbound Group has a 12-month low of $19.65 and a 12-month high of $36.00. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.77 and a beta of 1.77. The firm has a 50 day moving average of $24.08 and a 200 day moving average of $23.83. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, research analysts predict that Upbound Group will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.56 annualized dividend and a dividend yield of 6.9%. Upbound Group’s payout ratio is currently 87.64%.

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.