Upbound Group (NASDAQ:UPBD) Director Jeffrey Brown Acquires 2,502 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey Brown acquired 2,502 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were bought at an average cost of $17.68 per share, with a total value of $44,235.36. Following the completion of the acquisition, the director owned 92,972 shares in the company, valued at $1,643,744.96. This represents a 2.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Upbound Group Stock Performance

Shares of Upbound Group stock opened at $19.02 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.98 and a current ratio of 3.16. Upbound Group, Inc. has a 1 year low of $15.82 and a 1 year high of $30.62. The firm’s 50-day simple moving average is $17.96 and its 200-day simple moving average is $21.97. The firm has a market cap of $1.10 billion, a PE ratio of 13.12 and a beta of 1.85.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. Upbound Group had a return on equity of 36.08% and a net margin of 1.85%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $0.95 EPS. The business’s revenue was up 9.0% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. Equities analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders 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 8.2%. Upbound Group’s dividend payout ratio (DPR) is presently 107.59%.

Wall Street Analyst Weigh In

A number of research firms have commented on UPBD. Wall Street Zen upgraded shares of Upbound Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. BTIG Research cut their price target on shares of Upbound Group from $40.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Loop Capital raised shares of Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, September 15th. Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in Upbound Group by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 25,705 shares of the company’s stock worth $645,000 after purchasing an additional 482 shares during the period. Amalgamated Bank lifted its holdings in Upbound Group by 3.4% during the 3rd quarter. Amalgamated Bank now owns 15,275 shares of the company’s stock valued at $361,000 after purchasing an additional 509 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Upbound Group by 3.9% in the first quarter. Inspire Investing LLC now owns 14,338 shares of the company’s stock valued at $344,000 after acquiring an additional 540 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Upbound Group by 0.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 84,556 shares of the company’s stock worth $2,122,000 after acquiring an additional 621 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Upbound Group by 5.5% during the second quarter. Nisa Investment Advisors LLC now owns 12,183 shares of the company’s stock worth $311,000 after purchasing an additional 638 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

About Upbound Group

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.