Upbound Group (NASDAQ:UPBD) Stock Price Target Cut by TD Cowen

Upbound Group (NASDAQ:UPBD) had its target price lowered by equities research analysts at TD Cowen from $28.00 to $27.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 72.86% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. BTIG Research downgraded Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, July 31st. Wall Street Zen upgraded Upbound Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Finally, Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.50.

Upbound Group Stock Performance

Shares of Upbound Group stock opened at $15.62 on Tuesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. Upbound Group has a 1 year low of $14.98 and a 1 year high of $23.98. The firm’s 50-day simple moving average is $18.18 and its 200-day simple moving average is $18.81. The firm has a market cap of $910.65 million, a PE ratio of 10.14 and a beta of 1.78.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.02. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $1.12 earnings per share. Upbound Group’s quarterly revenue was up .5% on a year-over-year basis. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. Equities analysts forecast that Upbound Group will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Anthony Blasquez sold 10,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the completion of the transaction, the executive vice president owned 43,717 shares of the company’s stock, valued at approximately $824,065.45. The trade was a 18.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Upbound Group

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Upbound Group during the 2nd quarter valued at about $194,216,000. Dimensional Fund Advisors LP increased its stake in shares of Upbound Group by 15.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock valued at $43,227,000 after purchasing an additional 327,203 shares during the period. Ieq Capital LLC bought a new stake in shares of Upbound Group during the second quarter valued at approximately $37,565,000. Huber Capital Management LLC boosted its position in shares of Upbound Group by 80.2% during the fourth quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company’s stock worth $30,538,000 after buying an additional 773,775 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Upbound Group during the second quarter worth approximately $18,862,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

About Upbound Group

Upbound Group, Inc is a provider of branded leasing and alternative-purchase solutions for consumers. The company operates through a network of stores and digital channels, offering access to products such as furniture, appliances, consumer electronics, computers, smartphones and other household merchandise through lease-to-own and related payment arrangements.

Its principal brands include Rent-A-Center, which provides lease-to-own products through company-operated and franchised locations, and Acima, a technology-enabled point-of-sale leasing platform that connects consumers with participating retail merchants.