Upbound Group, Inc. (NASDAQ:UPBD) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Upbound Group, Inc. has received a consensus rating of "Buy" from analysts, with an average target price of $36.80 per share.
• Recent insider trades included Director Jeffrey J. Brown purchasing 1,653 shares, increasing his stake, while EVP Ralph T. Montrone sold 6,000 shares, reducing his position.
• The company announced a quarterly dividend of $0.39 per share, reflecting an annualized yield of 6.4% and a payout ratio of 87.64%.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) has been given an average rating of "Buy" by the six brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.80.

A number of brokerages have recently issued reports on UPBD. BTIG Research reissued 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 shares of Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction dated Tuesday, July 8th. The stock was purchased at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the purchase, the director directly owned 89,400 shares in the company, valued at approximately $2,315,460. This trade represents a 1.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ralph T. Montrone sold 6,000 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the transaction, the executive vice president owned 49,123 shares of the company's stock, valued at approximately $1,239,373.29. This 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

A number of hedge funds and other institutional investors have recently modified their holdings of UPBD. Ieq Capital LLC boosted its position in shares of Upbound Group by 517.8% during the second quarter. Ieq Capital LLC now owns 4,535,114 shares of the company's stock worth $113,831,000 after acquiring an additional 3,801,043 shares during the last quarter. Azora Capital LP bought a new position in Upbound Group during the second quarter valued at $18,961,000. Nuveen LLC bought a new position in Upbound Group during the first quarter valued at $10,023,000. LSV Asset Management lifted its position in 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 purchasing an additional 352,264 shares during the last quarter. Finally, Bragg Financial Advisors Inc lifted its position in 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 purchasing an additional 318,060 shares during the last quarter. Institutional investors own 90.30% of the company's stock.

Upbound Group Stock Up 1.9%

Shares of UPBD stock opened at $24.44 on Friday. Upbound Group has a 12 month low of $19.65 and a 12 month high of $36.00. The stock has a market cap of $1.42 billion, a P/E ratio of 13.73 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 company has a 50 day simple moving average of $24.46 and a two-hundred day simple moving average of $24.04.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm'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, research analysts expect that Upbound Group will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.4%. Upbound Group's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.