BTIG Research Reaffirms "Buy" Rating for Upbound Group (NASDAQ:UPBD)

Key Points

• BTIG Research has reaffirmed a "Buy" rating for Upbound Group (NASDAQ:UPBD) with a target price of $40.00, indicating a potential upside of 47.77% from its current price.
• Upbound Group reported a quarterly earnings per share (EPS) of $1.12, exceeding analyst expectations and showing a 7.5% year-over-year revenue increase.
• Institutional ownership of Upbound Group stands at 90.30%, with significant recent investments, including a 517.8% increase in shares held by Ieq Capital LLC.

Upbound Group (NASDAQ:UPBD - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at BTIG Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $40.00 target price on the stock. BTIG Research's price objective suggests a potential upside of 47.77% from the stock's current price.

UPBD has been the subject of a number of other research reports. Loop Capital raised shares of Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 target price for the company in a research report on Monday. Wall Street Zen raised Upbound Group from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Upbound Group presently has a consensus rating of "Buy" and an average price target of $36.80.

Upbound Group Price Performance

Shares of Upbound Group stock opened at $27.07 on Tuesday. Upbound Group has a 1-year low of $19.65 and a 1-year high of $36.00. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 15.21 and a beta of 1.77. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29. The firm has a fifty day simple moving average of $24.43 and a 200-day simple moving average of $23.99.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the company earned $1.04 EPS. Upbound Group's revenue was up 7.5% on a year-over-year basis. 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, sell-side analysts expect that Upbound Group will post 4.28 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ieq Capital LLC raised its position in shares of Upbound Group by 517.8% in the 2nd quarter. Ieq Capital LLC now owns 4,535,114 shares of the company's stock worth $113,831,000 after buying an additional 3,801,043 shares during the period. Azora Capital LP bought a new position in Upbound Group in the second quarter worth about $18,961,000. Nuveen LLC bought a new position in Upbound Group in the first quarter worth about $10,023,000. LSV Asset Management raised its holdings in shares of Upbound Group by 20.9% during the second quarter. LSV Asset Management now owns 2,041,415 shares of the company's stock valued at $51,240,000 after buying an additional 352,264 shares during the last quarter. Finally, Bragg Financial Advisors Inc raised its holdings in shares of Upbound Group by 78.3% during the first quarter. Bragg Financial Advisors Inc now owns 724,231 shares of the company's stock valued at $17,353,000 after buying an additional 318,060 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

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.

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