Upbound Group, Inc. (NASDAQ:UPBD) Receives $36.60 Average PT from Analysts

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $36.60.

UPBD has been the topic of several analyst reports. Raymond James reiterated an "outperform" rating and issued a $35.00 target price (down from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Loop Capital reduced their price objective on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st.

Upbound Group Trading Up 0.6%

Shares of Upbound Group stock traded up $0.13 during trading on Tuesday, hitting $23.05. The company's stock had a trading volume of 225,550 shares, compared to its average volume of 529,827. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 10.43 and a beta of 1.77. Upbound Group has a 52 week low of $19.68 and a 52 week high of $38.72. The stock has a 50-day moving average price of $22.70 and a two-hundred day moving average price of $27.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.94 by $0.06. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.79 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that Upbound Group will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.56 annualized dividend and a yield of 6.77%. Upbound Group's dividend payout ratio is currently 73.24%.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown bought 21,730 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price of $23.75 per share, for a total transaction of $516,087.50. Following the transaction, the director now directly owns 21,730 shares of the company's stock, valued at approximately $516,087.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Fahmi Karam bought 11,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the purchase, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. This represents a 7.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 34,924 shares of company stock worth $846,711. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Upbound Group

Several hedge funds and other institutional investors have recently bought and sold shares of UPBD. R Squared Ltd bought a new position in shares of Upbound Group during the 4th quarter worth about $25,000. TD Private Client Wealth LLC raised its stake in 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 buying an additional 491 shares during the period. CWM LLC boosted its holdings in Upbound Group by 35.5% in the first 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. Blue Trust Inc. boosted its holdings in Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after acquiring an additional 705 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares during the period. 90.30% of the stock is owned by institutional investors.

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.