Upbound Group (NASDAQ:UPBD) CEO Buys $100,082.97 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam acquired 4,407 shares of Upbound Group stock in a transaction dated Tuesday, November 3rd. The shares were acquired at an average price of $22.71 per share, with a total value of $100,082.97. Following the transaction, the chief executive officer owned 258,912 shares in the company, valued at approximately $5,879,891.52. This represents a 1.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Upbound Group Stock Performance

Shares of UPBD opened at $24.24 on Friday. The firm’s 50 day moving average is $17.68 and its 200-day moving average is $18.98. The stock has a market capitalization of $1.41 billion, a P/E ratio of 12.76 and a beta of 1.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.17 and a quick ratio of 0.97. Upbound Group, Inc. has a 12-month low of $14.98 and a 12-month high of $25.29.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, October 29th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.91 by $0.10. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. Equities research analysts anticipate that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Shareholders of record on Tuesday, October 6th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 6.4%. Upbound Group’s dividend payout ratio is currently 82.11%.

Institutional Investors Weigh In On Upbound Group

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Upbound Group in the 2nd quarter valued at about $194,216,000. Ieq Capital LLC purchased a new position in Upbound Group during the second quarter valued at approximately $37,565,000. Bank of New York Mellon Corp acquired a new position in Upbound Group in the 2nd quarter valued at approximately $18,862,000. Pacer Advisors Inc. acquired a new position in Upbound Group in the 1st quarter valued at approximately $7,455,000. Finally, One Way Holdings LLC acquired a new position in Upbound Group in the 3rd quarter valued at approximately $5,610,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in 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 lowered Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Friday, July 31st. Zacks Research raised Upbound Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, TD Cowen decreased their price target on Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.00.

Upbound Group Company Profile

Upbound Group, Inc is a provider of consumer leasing and retail solutions, operating primarily through its Rent-A-Center and Acima brands. The company enables customers to obtain merchandise through flexible lease-to-own agreements and related payment options, serving consumers who may prefer alternatives to traditional retail financing.

Its Rent-A-Center business operates company-owned and franchised locations, as well as digital channels, offering furniture, appliances, electronics, computers, smartphones and other household goods.