Upbound Group, Inc. (NASDAQ:UPBD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Upbound Group, Inc. (NASDAQ:UPBD) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $32.25.

Several analysts recently issued reports on the company. Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a research report on Monday, December 29th. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. BTIG Research reduced their price target on Upbound Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, TD Cowen restated a “buy” rating on shares of Upbound Group in a report on Thursday, January 8th.

Upbound Group Price Performance

UPBD opened at $20.38 on Friday. Upbound Group has a 52-week low of $15.82 and a 52-week high of $30.62. The company has a 50 day moving average of $18.61 and a two-hundred day moving average of $21.14. The company has a market cap of $1.18 billion, a P/E ratio of 14.06 and a beta of 1.88. The company has a quick ratio of 0.98, a current ratio of 3.16 and a debt-to-equity ratio of 2.25.

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Wednesday, December 17th were paid a $0.39 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.56 annualized dividend and a dividend yield of 7.7%. Upbound Group’s dividend payout ratio is 107.59%.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown purchased 2,502 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were purchased at an average price of $17.68 per share, with a total value of $44,235.36. Following the purchase, the director directly owned 92,972 shares of the company’s stock, valued at approximately $1,643,744.96. This represents a 2.77% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company’s stock.

Institutional Trading of Upbound Group

Several large investors have recently modified their holdings of UPBD. FNY Investment Advisers LLC acquired a new position in shares of Upbound Group in the third quarter worth about $32,000. Quarry LP increased its holdings in Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock worth $33,000 after purchasing an additional 1,251 shares during the last quarter. Security National Bank acquired a new position in shares of Upbound Group in the 3rd quarter valued at approximately $57,000. GAMMA Investing LLC boosted its stake in shares of Upbound Group by 414.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock valued at $66,000 after buying an additional 2,108 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Upbound Group during the 2nd quarter valued at approximately $95,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Upbound Group Company Profile

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.