Upbound Group, Inc. (NASDAQ:UPBD) Receives $32.25 Average Target Price from Analysts

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.25.

Several brokerages recently weighed in on UPBD. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Upbound Group in a report on Monday, December 29th. Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. BTIG Research dropped their target price on shares of Upbound Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Upbound Group in a report on Thursday, January 8th.

Upbound Group Price Performance

Shares of UPBD opened at $19.77 on Friday. The company has a 50 day moving average of $18.54 and a two-hundred day moving average of $21.18. The company has a quick ratio of 0.98, a current ratio of 3.16 and a debt-to-equity ratio of 2.25. Upbound Group has a twelve month low of $15.82 and a twelve month high of $30.62. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 13.63 and a beta of 1.88.

Upbound Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.9%. The ex-dividend date was Wednesday, December 17th. Upbound Group’s payout ratio is presently 107.59%.

Insider Buying and Selling at Upbound Group

In other news, Director Jeffrey J. Brown acquired 2,502 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were acquired at an average cost of $17.68 per share, with a total value of $44,235.36. Following the completion of the acquisition, the director owned 92,972 shares of the company’s stock, valued at approximately $1,643,744.96. This trade represents a 2.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Upbound Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UPBD. FNY Investment Advisers LLC acquired a new position in shares of Upbound Group in the 3rd quarter valued at about $32,000. Quarry LP raised its position in Upbound Group by 913.1% during the third quarter. Quarry LP now owns 1,388 shares of the company’s stock valued at $33,000 after acquiring an additional 1,251 shares in the last quarter. Security National Bank acquired a new position in Upbound Group in the third quarter valued at approximately $57,000. GAMMA Investing LLC lifted its holdings in Upbound Group by 414.1% in the second quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock valued at $66,000 after acquiring an additional 2,108 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Upbound Group in the 2nd quarter worth approximately $95,000. 90.30% of the stock is owned by institutional investors and hedge funds.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.