Upbound Group, Inc. (NASDAQ:UPBD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $32.50.

A number of equities research analysts have recently issued reports on UPBD shares. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Upbound Group in a report on Monday. Loop Capital upgraded shares of Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Monday, September 15th. BTIG Research decreased their price objective on shares of Upbound Group from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, TD Cowen lowered their price objective on shares of Upbound Group from $36.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, October 31st.

Upbound Group Trading Down 0.8%

Upbound Group stock opened at $17.92 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 12.36 and a beta of 1.87. The firm has a 50-day moving average of $19.36 and a 200-day moving average of $22.78. The company has a debt-to-equity ratio of 2.25, a current ratio of 3.16 and a quick ratio of 0.98. Upbound Group has a one year low of $15.82 and a one year high of $32.37.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, October 30th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Upbound Group had a return on equity of 36.08% and a net margin of 1.85%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. Upbound Group’s revenue was up 9.0% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities analysts expect that Upbound Group will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Wednesday, December 17th will be paid a $0.39 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $1.56 annualized dividend and a yield of 8.7%. Upbound Group’s dividend payout ratio is currently 107.59%.

Insider Activity

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,951 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was 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 approximately $2,025,790.55. This represents a 2.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Upbound Group

A number of institutional investors have recently made changes to their positions in UPBD. FNY Investment Advisers LLC bought a new position in shares of Upbound Group during the third quarter worth approximately $32,000. Quarry LP grew its holdings in Upbound Group by 913.1% in the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares in the last quarter. Security National Bank acquired a new position in Upbound Group in the 3rd quarter valued at $57,000. GAMMA Investing LLC increased its position in Upbound Group by 414.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock worth $66,000 after buying an additional 2,108 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Upbound Group during the second quarter worth $95,000. Institutional investors own 90.30% of the company’s stock.

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.