Brokerages Set Upbound Group, Inc. (NASDAQ:UPBD) PT at $34.50

Key Points

• Upbound Group, Inc. has received a consensus rating of "Moderate Buy" from five brokerages, with an average target price of $34.50.
• Insider trading activity includes Director Jeffrey J. Brown purchasing 1,653 shares at an average price of $25.90, increasing his stake in the company.
• The company recently declared a quarterly dividend of $0.39 per share, representing an annualized yield of 7.2% with a payout ratio of 87.64%.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.50.

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday. Raymond James Financial reiterated an "outperform" rating and issued a $35.00 target price (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd.

Upbound Group Stock Up 3.9%

UPBD traded up $0.87 during trading hours on Friday, hitting $23.50. 182,039 shares of the company's stock were exchanged, compared to its average volume of 583,818. Upbound Group has a 12-month low of $19.65 and a 12-month high of $36.00. The firm has a 50 day moving average of $24.57 and a 200 day moving average of $24.65. The firm has a market cap of $1.36 billion, a P/E ratio of 13.20 and a beta of 1.74. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Analysts predict that Upbound Group will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were given a $0.39 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 annualized dividend and a yield of 6.6%. Upbound Group's dividend payout ratio is presently 87.64%.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,653 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was purchased at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the completion of the transaction, the director owned 89,400 shares of the company's stock, valued at $2,315,460. The trade was a 1.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Upbound Group

Institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in shares of Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock worth $31,000 after acquiring an additional 491 shares in the last quarter. CWM LLC boosted its stake in shares of Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Upbound Group by 414.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,617 shares of the company's stock worth $66,000 after acquiring an additional 2,108 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Upbound Group by 179.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company's stock worth $94,000 after acquiring an additional 2,512 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in shares of Upbound Group by 64.3% during the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after acquiring an additional 2,592 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

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.