Upbound Group (NASDAQ:UPBD) Stock Rating Upgraded by TD Cowen

Upbound Group (NASDAQ:UPBD) was upgraded by equities research analysts at TD Cowen to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Stephens initiated 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 on the stock. Jefferies Financial Group lowered their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, October 1st. Finally, Loop Capital cut their price objective on Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Upbound Group presently has an average rating of “Moderate Buy” and a consensus price target of $39.17.

Upbound Group Trading Down 0.2 %

NASDAQ UPBD opened at $34.39 on Friday. Upbound Group has a 12 month low of $26.50 and a 12 month high of $38.72. The stock has a 50-day simple moving average of $30.83 and a 200 day simple moving average of $31.63. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $1.88 billion, a PE ratio of 23.72 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $0.79 EPS. Upbound Group’s revenue was up 9.2% on a year-over-year basis. Research analysts forecast that Upbound Group will post 3.79 EPS for the current year.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown bought 1,065 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 85,234 shares in the company, valued at $2,493,094.50. This represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Upbound Group

A number of large investors have recently bought and sold shares of UPBD. Ieq Capital LLC lifted its position in shares of Upbound Group by 112.7% in the second quarter. Ieq Capital LLC now owns 4,827,021 shares of the company’s stock worth $148,190,000 after purchasing an additional 2,557,906 shares in the last quarter. State Street Corp grew its position in Upbound Group by 2.2% in the third quarter. State Street Corp now owns 2,028,224 shares of the company’s stock valued at $64,883,000 after purchasing an additional 43,814 shares in the last quarter. Geode Capital Management LLC increased its stake in Upbound Group by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock valued at $38,968,000 after buying an additional 54,427 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Upbound Group by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,047 shares of the company’s stock valued at $29,240,000 after buying an additional 33,167 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Upbound Group by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 761,765 shares of the company’s stock worth $23,386,000 after buying an additional 15,219 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

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.