Upbound Group (NASDAQ:UPBD) Receives New Coverage from Analysts at BTIG Research

BTIG Research initiated coverage on shares of Upbound Group (NASDAQ:UPBDFree Report) in a report issued on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $45.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. KeyCorp increased their price objective on shares of Upbound Group from $39.00 to $41.00 and gave the stock an overweight rating in a research report on Friday, February 23rd. TD Cowen assumed coverage on Upbound Group in a report on Friday, March 8th. They issued an outperform rating and a $43.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Upbound Group currently has an average rating of Buy and a consensus target price of $39.14.

Check Out Our Latest Stock Report on UPBD

Upbound Group Trading Down 1.0 %

UPBD stock opened at $32.79 on Friday. Upbound Group has a 52-week low of $25.00 and a 52-week high of $36.17. The company has a debt-to-equity ratio of 2.23, a current ratio of 3.49 and a quick ratio of 0.72. The business has a fifty day moving average of $32.06 and a two-hundred day moving average of $32.62.

Upbound Group (NASDAQ:UPBDGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. Upbound Group had a negative net margin of 0.61% and a positive return on equity of 33.40%. Upbound Group’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. Analysts predict that Upbound Group will post 3.76 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 18th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Tuesday, June 18th. Upbound Group’s payout ratio is currently -321.74%.

Insider Activity at Upbound Group

In other Upbound Group news, EVP Anthony J. Blasquez sold 12,485 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $33.18, for a total transaction of $414,252.30. Following the sale, the executive vice president now owns 58,967 shares in the company, valued at approximately $1,956,525.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Jeffrey J. Brown bought 991 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average price of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the purchase, the director now owns 83,138 shares in the company, valued at approximately $2,550,673.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anthony J. Blasquez sold 12,485 shares of Upbound Group stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $33.18, for a total value of $414,252.30. Following the sale, the executive vice president now directly owns 58,967 shares of the company’s stock, valued at $1,956,525.06. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UPBD. FMR LLC purchased a new position in Upbound Group in the third quarter valued at approximately $182,465,000. Vanguard Group Inc. purchased a new stake in Upbound Group in the third quarter valued at $170,877,000. Charles Schwab Investment Management Inc. acquired a new position in Upbound Group in the third quarter valued at $24,249,000. American Century Companies Inc. purchased a new position in shares of Upbound Group during the third quarter worth about $21,549,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Upbound Group during the third quarter worth about $15,138,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

About Upbound Group

(Get Free Report)

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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Analyst Recommendations for Upbound Group (NASDAQ:UPBD)

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