TD Cowen Increases Upbound Group (NASDAQ:UPBD) Price Target to $29.00

Upbound Group (NASDAQ:UPBD) had its price target lifted by analysts at TD Cowen from $28.00 to $29.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 42.14% from the company’s current price.

UPBD has been the subject of several other reports. Zacks Research lowered Upbound Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Upbound Group in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Upbound Group Stock Down 0.6%

Shares of NASDAQ:UPBD traded down $0.13 during midday trading on Tuesday, reaching $20.40. The company had a trading volume of 148,637 shares, compared to its average volume of 854,554. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.06 and a quick ratio of 0.88. The stock’s fifty day moving average price is $18.75 and its 200-day moving average price is $18.99. The stock has a market capitalization of $1.19 billion, a P/E ratio of 14.28 and a beta of 1.79. Upbound Group has a one year low of $15.82 and a one year high of $28.02.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Upbound Group had a net margin of 1.78% and a return on equity of 35.56%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. Equities research analysts expect that Upbound Group will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown acquired 2,329 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $19.41 per share, for a total transaction of $45,205.89. Following the completion of the acquisition, the director directly owned 94,840 shares in the company, valued at $1,840,844.40. This represents a 2.52% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.

Institutional Trading of Upbound Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Upbound Group by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 7,132,443 shares of the company’s stock valued at $125,246,000 after purchasing an additional 231,293 shares during the last quarter. State Street Corp grew its holdings in Upbound Group by 11.4% in the 4th quarter. State Street Corp now owns 2,410,524 shares of the company’s stock valued at $43,220,000 after buying an additional 246,146 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Upbound Group by 15.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock valued at $43,227,000 after buying an additional 327,203 shares during the last quarter. Huber Capital Management LLC increased its stake in Upbound Group by 80.2% in the fourth quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company’s stock valued at $30,538,000 after acquiring an additional 773,775 shares during the period. Finally, Wellington Management Group LLP raised its stake in Upbound Group by 4.8% during the fourth quarter. Wellington Management Group LLP now owns 1,315,672 shares of the company’s stock worth $23,103,000 after acquiring an additional 59,798 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors.

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.