Upbound Group (NASDAQ:UPBD) Price Target Lowered to $33.00 at Loop Capital

Upbound Group (NASDAQ:UPBD) had its price target lowered by research analysts at Loop Capital from $36.00 to $33.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price target indicates a potential upside of 11.41% from the company’s current price.

Separately, Jefferies Financial Group lowered their price target on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.40.

Upbound Group Stock Performance

UPBD stock traded up $0.38 during trading on Friday, hitting $29.62. The company had a trading volume of 177,973 shares, compared to its average volume of 450,600. The firm has a 50-day moving average price of $30.33 and a 200-day moving average price of $31.44. The company has a quick ratio of 0.84, a current ratio of 3.96 and a debt-to-equity ratio of 2.21. The firm has a market cap of $1.62 billion, a PE ratio of 30.24 and a beta of 2.00. Upbound Group has a 1-year low of $26.42 and a 1-year high of $38.72.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Upbound Group will post 3.67 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Transient C. Taylor sold 15,127 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the transaction, the executive vice president now owns 14,651 shares in the company, valued at approximately $498,134. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Upbound Group news, Director Jeffrey J. Brown purchased 1,065 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average cost of $29.25 per share, for a total transaction of $31,151.25. Following the completion of the transaction, the director now owns 85,234 shares in the company, valued at $2,493,094.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Upbound Group

A number of institutional investors and hedge funds have recently modified their holdings of UPBD. Blue Trust Inc. lifted its stake in Upbound Group by 47.9% in the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after acquiring an additional 362 shares in the last quarter. New York State Teachers Retirement System grew its position in Upbound Group by 0.5% during the third quarter. New York State Teachers Retirement System now owns 80,578 shares of the company’s stock valued at $2,578,000 after purchasing an additional 393 shares in the last quarter. ProShare Advisors LLC lifted its position in Upbound Group by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 10,592 shares of the company’s stock worth $373,000 after buying an additional 477 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Upbound Group by 3.5% during the 3rd quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock valued at $464,000 after buying an additional 496 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Upbound Group by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock worth $691,000 after acquiring an additional 500 shares during the last quarter. 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.