Upbound Group, Inc. (NASDAQ:UPBD) Receives $34.50 Consensus Price Target from Analysts

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $34.50.

Separately, Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th.

Upbound Group Stock Up 0.4%

Shares of NASDAQ:UPBD traded up $0.11 during midday trading on Wednesday, hitting $25.40. The stock had a trading volume of 665,750 shares, compared to its average volume of 586,839. Upbound Group has a 12 month low of $19.65 and a 12 month high of $36.00. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. The business's 50-day simple moving average is $24.49 and its 200-day simple moving average is $24.12. The company has a market cap of $1.47 billion, a P/E ratio of 14.27 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, beating 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 business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the business 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, sell-side analysts forecast that Upbound Group will post 4.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction on 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 transaction, the director directly owned 89,400 shares in the company, valued at $2,315,460. This trade represents a 1.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Upbound Group

A number of institutional investors have recently modified their holdings of UPBD. First Trust Advisors LP bought a new position in Upbound Group during the fourth quarter worth about $2,064,000. Price T Rowe Associates Inc. MD increased its position in Upbound Group by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,890 shares of the company's stock worth $1,982,000 after acquiring an additional 3,839 shares during the period. Voya Investment Management LLC increased its position in Upbound Group by 21.9% during the fourth quarter. Voya Investment Management LLC now owns 20,915 shares of the company's stock worth $610,000 after acquiring an additional 3,763 shares during the period. Northern Trust Corp increased its position in Upbound Group by 22.0% during the fourth quarter. Northern Trust Corp now owns 653,053 shares of the company's stock worth $19,050,000 after acquiring an additional 117,926 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Upbound Group during the fourth quarter worth about $221,000. Institutional investors own 90.30% of the company's stock.

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.