Upbound Group (NASDAQ:UPBD – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.
UPBD has been the subject of a number of other research reports. BTIG Research lowered shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Friday, July 31st. Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Weiss Ratings downgraded shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Finally, TD Cowen cut their target price on Upbound Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.
Check Out Our Latest Research Report on Upbound Group
Upbound Group Price Performance
UPBD stock opened at $17.08 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. Upbound Group has a 1 year low of $14.98 and a 1 year high of $23.98. The stock has a 50-day simple moving average of $17.32 and a 200-day simple moving average of $18.65. The firm has a market cap of $995.76 million, a P/E ratio of 11.09 and a beta of 1.78.
Upbound Group (NASDAQ:UPBD – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. On average, equities analysts predict that Upbound Group will post 4.20 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Upbound Group news, EVP Anthony Blasquez sold 10,000 shares of Upbound Group stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $18.85, for a total transaction of $188,500.00. Following the transaction, the executive vice president owned 43,717 shares of the company’s stock, valued at $824,065.45. The trade was a 18.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On Upbound Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new position in Upbound Group in the second quarter valued at about $2,504,000. Venture Visionary Partners LLC grew its holdings in Upbound Group by 72.8% during the third quarter. Venture Visionary Partners LLC now owns 157,858 shares of the company’s stock valued at $2,478,000 after purchasing an additional 66,491 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Upbound Group in the 2nd quarter valued at $3,868,000. Sei Investments Co. increased its stake in shares of Upbound Group by 249.0% in the first quarter. Sei Investments Co. now owns 244,848 shares of the company’s stock worth $4,419,000 after purchasing an additional 174,682 shares during the period. Finally, Bank of America Corp DE bought a new position in Upbound Group in the 2nd quarter worth approximately $6,251,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.
About Upbound Group
Upbound Group, Inc is a provider of consumer leasing and retail solutions, operating primarily through its Rent-A-Center and Acima brands. The company enables customers to obtain merchandise through flexible lease-to-own agreements and related payment options, serving consumers who may prefer alternatives to traditional retail financing.
Its Rent-A-Center business operates company-owned and franchised locations, as well as digital channels, offering furniture, appliances, electronics, computers, smartphones and other household goods.
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