Upbound Group (NASDAQ:UPBD) Given New $30.00 Price Target at Loop Capital

Upbound Group (NASDAQ:UPBD) had its target price lowered by Loop Capital from $33.00 to $30.00 in a report released on Friday morning,Benzinga reports. Loop Capital currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the stock. Stephens started coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target for the company. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Upbound Group currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Upbound Group Price Performance

Shares of NASDAQ UPBD opened at $26.56 on Friday. The company has a market capitalization of $1.45 billion, a PE ratio of 18.32 and a beta of 2.05. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. The stock’s 50 day moving average price is $29.50 and its 200-day moving average price is $30.78. Upbound Group has a twelve month low of $26.29 and a twelve month high of $38.72.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. On average, equities analysts anticipate that Upbound Group will post 3.8 EPS for the current year.

Upbound Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Wednesday, December 18th were paid a $0.39 dividend. This is a boost from Upbound Group’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Wednesday, December 18th. Upbound Group’s payout ratio is currently 107.59%.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown bought 1,146 shares of the stock in a transaction on Tuesday, January 7th. The shares were acquired at an average price of $29.01 per share, with a total value of $33,245.46. Following the acquisition, the director now directly owns 86,380 shares of the company’s stock, valued at $2,505,883.80. The trade was a 1.34 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

A number of large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its holdings in Upbound Group by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 80,938 shares of the company’s stock worth $2,361,000 after purchasing an additional 360 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock valued at $110,000 after buying an additional 429 shares during the period. Blue Trust Inc. lifted its holdings in shares of Upbound Group by 40.1% in the third quarter. Blue Trust Inc. now owns 1,566 shares of the company’s stock worth $48,000 after buying an additional 448 shares in the last quarter. Amalgamated Bank boosted its position in shares of Upbound Group by 3.5% in the third quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock valued at $464,000 after acquiring an additional 496 shares during the period. Finally, Illinois Municipal Retirement Fund grew its stake in Upbound Group by 2.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 26,498 shares of the company’s stock valued at $773,000 after acquiring an additional 616 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

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.