Upbound Group (NASDAQ:UPBD) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Weiss Ratings reissued a "Hold (C)" rating for Upbound Group (NASDAQ:UPBD), while Loop Capital upgraded its rating to "Buy" with a price target of $36.00.
• Upbound Group's stock is currently trading at $22.73, with a market cap of $1.32 billion and a PE ratio of 5.52.
• The company's recent quarterly earnings showed an EPS of $1.12, exceeding analysts' expectations, alongside a year-over-year revenue increase of 7.5% to $1.16 billion.

Upbound Group (NASDAQ:UPBD - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other research firms also recently commented on UPBD. Loop Capital upgraded Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 price objective on the stock in a report on Monday, September 15th. BTIG Research reiterated a "buy" rating and issued a $40.00 price objective on shares of Upbound Group in a report on Tuesday, September 16th. Finally, Wall Street Zen downgraded Upbound Group from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Upbound Group presently has a consensus rating of "Buy" and a consensus target price of $37.25.

Upbound Group Stock Down 0.0%

Shares of UPBD traded down $0.01 during mid-day trading on Friday, reaching $22.73. The company's stock had a trading volume of 474,908 shares, compared to its average volume of 683,770. 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 $1.32 billion, a PE ratio of 5.52 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The company's 50 day moving average is $24.08 and its 200 day moving average is $23.81.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data 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 return on equity of 36.26% and a net margin of 2.28%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business's revenue for the quarter 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. Equities analysts anticipate that Upbound Group will post 4.28 EPS for the current fiscal year.

Insider Transactions at Upbound Group

In other Upbound Group news, EVP Ralph T. Montrone sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 49,123 shares of the company's stock, valued at approximately $1,239,373.29. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey J. Brown acquired 1,951 shares of the firm's stock in a transaction on Tuesday, October 21st. The shares were bought at an average cost of $22.27 per share, with a total value of $43,448.77. Following the completion of the transaction, the director directly owned 90,965 shares in the company, valued at $2,025,790.55. This trade represents a 2.19% increase in their position. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Upbound Group

A number of hedge funds have recently added to or reduced their stakes in UPBD. Ieq Capital LLC lifted its position in Upbound Group by 517.8% during the 2nd 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 period. Azora Capital LP acquired a new stake in Upbound Group during the 2nd quarter worth approximately $18,961,000. Nuveen LLC acquired a new stake in Upbound Group during the 1st quarter worth approximately $10,023,000. LSV Asset Management lifted its position in Upbound Group by 20.9% during the 2nd quarter. LSV Asset Management now owns 2,041,415 shares of the company's stock worth $51,240,000 after acquiring an additional 352,264 shares during the period. Finally, Bragg Financial Advisors Inc lifted its holdings in shares of Upbound Group by 78.3% in the 1st 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 period. 90.30% of the stock is owned by institutional investors and hedge funds.

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.

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