Fintel reports that on June 7, 2024, BTIG initiated coverage of Upbound Group (NasdaqGS:UPBD) with a Buy recommendation.
Analyst Price Forecast Suggests 26.65% Upside
As of June 2, 2024, the average one-year price target for Upbound Group is 41.53. The forecasts range from a low of 31.31 to a high of $52.50. The average price target represents an increase of 26.65% from its latest reported closing price of 32.79.
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The projected annual revenue for Upbound Group is 4,120MM, an increase of 1.17%. The projected annual non-GAAP EPS is 3.42.
What is the Fund Sentiment?
There are 570 funds or institutions reporting positions in Upbound Group. This is an increase of 7 owner(s) or 1.24% in the last quarter. Average portfolio weight of all funds dedicated to UPBD is 0.17%, an increase of 5.88%. Total shares owned by institutions increased in the last three months by 3.28% to 51,243K shares. 
The put/call ratio of UPBD is 1.04, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,018K shares representing 5.53% ownership of the company. In its prior filing, the firm reported owning 2,990K shares , representing an increase of 0.95%. The firm increased its portfolio allocation in UPBD by 0.23% over the last quarter.
Ieq Capital holds 2,269K shares representing 4.15% ownership of the company. In its prior filing, the firm reported owning 1,407K shares , representing an increase of 38.00%. The firm increased its portfolio allocation in UPBD by 11.11% over the last quarter.
Lsv Asset Management holds 1,694K shares representing 3.10% ownership of the company. In its prior filing, the firm reported owning 1,184K shares , representing an increase of 30.07%. The firm increased its portfolio allocation in UPBD by 40.55% over the last quarter.
FCPVX - Fidelity Small Cap Value Fund holds 1,685K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 1,905K shares , representing a decrease of 13.06%. The firm increased its portfolio allocation in UPBD by 0.29% over the last quarter.
Engaged Capital holds 1,666K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 2,397K shares , representing a decrease of 43.90%. The firm decreased its portfolio allocation in UPBD by 20.31% over the last quarter.
Upbound Group Background Information
(This description is provided by the company.)
Rent-A-Center, Inc. is an industry leading omni-channel lease-to-own provider for the cash and credit constrained customer. The Company focuses on improving the quality of life for its customers by providing access and the opportunity to obtain ownership of high-quality, durable products via small payments over time under a flexible lease-purchase agreement and no long-term debt obligation. Preferred Lease provides virtual and staffed lease-to-own solutions to retail partners in stores and online enabling its partners to grow sales by expanding their customer base utilizing its differentiated offering. The Rent-A-Center Business and Mexico segments provide lease-to-own options on products such as furniture, appliances, consumer electronics, and computers in approximately 1,950 Rent-A-Center stores in the United States, Mexico, and Puerto Rico and on its e-commerce platform, Rentacenter.com.The Franchising segment is a national franchiser of approximately 460 franchise locations. Rent-A-Center is headquartered in Plano, Texas.
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