TD Cowen Cuts Upbound Group (NASDAQ:UPBD) Price Target to $30.00

Upbound Group (NASDAQ:UPBD) had its target price decreased by TD Cowen from $31.00 to $30.00 in a research note released on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Research raised Upbound Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. BTIG Research cut their price objective on Upbound Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wall Street Zen raised shares of Upbound Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Cowen restated a “buy” rating on shares of Upbound Group in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Upbound Group Stock Performance

Shares of NASDAQ UPBD opened at $19.84 on Thursday. Upbound Group has a 12 month low of $15.82 and a 12 month high of $30.62. The company has a market capitalization of $1.15 billion, a P/E ratio of 13.68 and a beta of 1.85. The stock has a 50 day moving average of $17.97 and a 200-day moving average of $21.92. The company has a current ratio of 3.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.25.

Upbound Group (NASDAQ:UPBD) last released 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. Upbound Group had a net margin of 1.85% and a return on equity of 36.08%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.95 earnings per share. Upbound Group’s revenue was up 9.0% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, equities research analysts predict that Upbound Group will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

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

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown acquired 2,502 shares of Upbound Group stock in a transaction on Tuesday, January 6th. The stock was 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Upbound Group

A number of institutional investors have recently added to or reduced their stakes in UPBD. Ieq Capital LLC increased its stake in Upbound Group by 517.8% in the second quarter. Ieq Capital LLC now owns 4,535,114 shares of the company’s stock valued at $113,831,000 after acquiring an additional 3,801,043 shares during the last quarter. Azora Capital LP bought a new position in shares of Upbound Group during the 2nd quarter valued at about $18,961,000. LSV Asset Management increased its position in shares of Upbound Group by 24.1% during the 3rd quarter. LSV Asset Management now owns 2,532,951 shares of the company’s stock valued at $59,854,000 after purchasing an additional 491,536 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Upbound Group by 60.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,255,874 shares of the company’s stock valued at $29,676,000 after buying an additional 472,550 shares in the last quarter. Finally, Huber Capital Management LLC lifted its position in Upbound Group by 67.9% in the 3rd quarter. Huber Capital Management LLC now owns 965,270 shares of the company’s stock worth $22,809,000 after buying an additional 390,331 shares during the last quarter. Hedge funds and other 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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.