Upbound Group (NASDAQ:UPBD) Given New $33.00 Price Target at Loop Capital

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

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

Upbound Group Stock Up 1.3 %

Shares of UPBD traded up $0.38 during trading hours on Friday, hitting $29.62. 177,973 shares of the company were exchanged, compared to its average volume of 450,600. The firm’s 50 day moving average is $30.33 and its 200-day moving average is $31.44. Upbound Group has a 52 week low of $26.42 and a 52 week high of $38.72. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.84 and a current ratio of 3.96. The company has a market cap of $1.62 billion, a PE ratio of 30.24 and a beta of 2.00.

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

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,065 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the completion of the purchase, the director now directly owns 85,234 shares in the company, valued at approximately $2,493,094.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jeffrey J. Brown bought 1,065 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the acquisition, the director now owns 85,234 shares in the company, valued at $2,493,094.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ralph T. Montrone sold 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.48, for a total transaction of $487,200.00. Following the completion of the transaction, the executive vice president now owns 40,074 shares in the company, valued at approximately $1,301,603.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Upbound Group

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Upbound Group by 232.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock valued at $58,000 after buying an additional 1,146 shares during the last quarter. GSA Capital Partners LLP bought a new position in Upbound Group in the 1st quarter worth approximately $627,000. Texas Permanent School Fund Corp increased its stake in shares of Upbound Group by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,965 shares of the company’s stock valued at $1,372,000 after buying an additional 522 shares during the period. LSV Asset Management raised its position in shares of Upbound Group by 43.0% during the first quarter. LSV Asset Management now owns 1,693,695 shares of the company’s stock worth $59,635,000 after acquiring an additional 509,343 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Upbound Group during the first quarter valued at $330,000. 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.