Jefferies Financial Group Lowers Upbound Group (NASDAQ:UPBD) Price Target to $35.00

Upbound Group (NASDAQ:UPBD) had its target price reduced by equities research analysts at Jefferies Financial Group from $37.00 to $35.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 23.41% from the company’s current price.

Other analysts have also issued research reports about the stock. BTIG Research started coverage on shares of Upbound Group in a research report on Friday, June 7th. They set a “buy” rating and a $45.00 price target on the stock. Loop Capital reiterated a “hold” rating and set a $36.00 price target on shares of Upbound Group in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Upbound Group Stock Performance

Shares of NASDAQ:UPBD opened at $28.36 on Tuesday. The company’s 50 day moving average price is $32.36 and its two-hundred day moving average price is $32.18. Upbound Group has a 12-month low of $25.00 and a 12-month high of $38.72. The firm has a market cap of $1.55 billion, a PE ratio of -61.65 and a beta of 2.00. The company has a quick ratio of 0.84, a current ratio of 3.96 and a debt-to-equity ratio of 2.21.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts predict that Upbound Group will post 3.81 earnings per share for the current year.

Insider Buying and Selling at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,031 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were purchased at an average price of $29.82 per share, for a total transaction of $30,744.42. Following the completion of the transaction, the director now directly owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Jeffrey J. Brown bought 1,031 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were purchased at an average price of $29.82 per share, for a total transaction of $30,744.42. Following the completion of the transaction, the director now directly owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the sale, the executive vice president now owns 14,651 shares in the company, valued at approximately $498,134. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

Large investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in shares of Upbound Group during the second quarter valued at $606,000. Interval Partners LP raised its stake in shares of Upbound Group by 155.1% during the first quarter. Interval Partners LP now owns 96,131 shares of the company’s stock valued at $3,385,000 after acquiring an additional 58,442 shares during the last quarter. Napatree Capital LLC bought a new position in shares of Upbound Group during the fourth quarter valued at $820,000. ClariVest Asset Management LLC raised its stake in shares of Upbound Group by 36,691.7% during the first quarter. ClariVest Asset Management LLC now owns 30,905 shares of the company’s stock valued at $1,088,000 after acquiring an additional 30,821 shares during the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of Upbound Group by 78.4% during the first quarter. Edgestream Partners L.P. now owns 137,031 shares of the company’s stock valued at $4,825,000 after acquiring an additional 60,203 shares during the last quarter. 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.