TD Cowen Cuts Upbound Group (NASDAQ:UPBD) Price Target to $27.00

Upbound Group (NASDAQ:UPBD) had its target price decreased by TD Cowen from $28.00 to $27.00 in a research note published on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other equities research analysts have also commented on the company. Weiss Ratings lowered Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Wall Street Zen raised Upbound Group from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Friday, July 31st. Finally, Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Upbound Group currently has a consensus rating of “Hold” and a consensus target price of $27.50.

Upbound Group Stock Performance

NASDAQ UPBD opened at $15.69 on Tuesday. The stock has a market capitalization of $914.73 million, a price-to-earnings ratio of 10.19 and a beta of 1.78. The business’s 50 day moving average is $18.09 and its two-hundred day moving average is $18.80. Upbound Group has a 12-month low of $14.98 and a 12-month high of $23.98. The company has a current ratio of 3.22, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. Research analysts expect that Upbound Group will post 4.15 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 27th. Shareholders of record on Tuesday, October 6th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, October 6th. Upbound Group’s dividend payout ratio is 101.30%.

Insider Activity

In other news, EVP Anthony Blasquez sold 10,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $18.85, for a total value of $188,500.00. Following the sale, the executive vice president directly owned 43,717 shares in the company, valued at $824,065.45. This represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in Upbound Group by 18.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock valued at $71,000 after buying an additional 518 shares during the period. IFP Advisors Inc boosted its stake in shares of Upbound Group by 299.3% during the 2nd quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock valued at $26,000 after buying an additional 910 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Upbound Group by 49.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after buying an additional 1,226 shares during the period. Allworth Financial LP grew its holdings in shares of Upbound Group by 223.5% during the 2nd quarter. Allworth Financial LP now owns 2,352 shares of the company’s stock valued at $50,000 after acquiring an additional 1,625 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Upbound Group during the 2nd quarter valued at $46,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Company Profile

Upbound Group, Inc is a provider of branded leasing and alternative-purchase solutions for consumers. The company operates through a network of stores and digital channels, offering access to products such as furniture, appliances, consumer electronics, computers, smartphones and other household merchandise through lease-to-own and related payment arrangements.

Its principal brands include Rent-A-Center, which provides lease-to-own products through company-operated and franchised locations, and Acima, a technology-enabled point-of-sale leasing platform that connects consumers with participating retail merchants.