TD Cowen Issues Pessimistic Forecast for Upbound Group (NASDAQ:UPBD) Stock Price

Upbound Group (NASDAQ:UPBD) had its price objective lowered by equities researchers at TD Cowen from $36.00 to $31.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 59.96% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Upbound Group in a report on Wednesday, October 8th. Loop Capital raised Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, September 15th. BTIG Research dropped their target price on Upbound Group from $40.00 to $28.00 and set a “buy” rating for the company in a report on Friday. Finally, Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.60.

Upbound Group Trading Up 0.2%

Upbound Group stock opened at $19.38 on Friday. The business has a 50 day moving average price of $23.82 and a two-hundred day moving average price of $23.85. 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 stock has a market cap of $1.12 billion, a price-to-earnings ratio of 10.89 and a beta of 1.77. Upbound Group has a 12 month low of $18.61 and a 12 month high of $36.00.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, equities analysts forecast that Upbound Group will post 4.28 EPS for the current year.

Insider Buying and Selling at Upbound Group

In other news, EVP Ralph T. Montrone sold 6,000 shares of the 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 sale, the executive vice president owned 49,123 shares in the company, valued at approximately $1,239,373.29. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, for a total transaction of $43,448.77. Following the acquisition, the director owned 90,965 shares in the company, valued at approximately $2,025,790.55. The trade was a 2.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Upbound Group

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in Upbound Group by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,705 shares of the company’s stock worth $645,000 after acquiring an additional 482 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after buying an additional 491 shares during the last quarter. CWM LLC boosted its position in Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after buying an additional 493 shares during the last quarter. Amalgamated Bank boosted its position in Upbound Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 15,275 shares of the company’s stock valued at $361,000 after buying an additional 509 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Upbound Group by 3.9% in the 1st quarter. Inspire Investing LLC now owns 14,338 shares of the company’s stock valued at $344,000 after buying an additional 540 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

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.