Upbound Group (NASDAQ:UPBD) Stock: Insider Scott Young Buys 6,015 Shares

Upbound Group, Inc. (NASDAQ:UPBD) EVP Scott Young purchased 6,015 shares of Upbound Group stock in a transaction on Monday, November 9th. The shares were purchased at an average cost of $24.95 per share, with a total value of $150,074.25. Following the transaction, the executive vice president owned 6,015 shares in the company, valued at approximately $150,074.25. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Upbound Group Price Performance

Shares of UPBD opened at $25.27 on Thursday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 5.91 and a beta of 1.80. Upbound Group, Inc. has a twelve month low of $14.98 and a twelve month high of $25.36. The company has a 50 day moving average of $18.06 and a 200-day moving average of $19.06. The company has a quick ratio of 0.95, a current ratio of 3.17 and a debt-to-equity ratio of 1.80.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 6.2%. Upbound Group’s dividend payout ratio (DPR) is 82.11%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UPBD shares. Zacks Research raised shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Weiss Ratings cut Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. 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. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, TD Cowen dropped their target price on Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.00.

Hedge Funds Weigh In On Upbound Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc raised its position in Upbound Group by 299.3% during the second quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock worth $26,000 after acquiring an additional 910 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Upbound Group in the 2nd quarter valued at about $46,000. Allworth Financial LP bought a new position in shares of Upbound Group in the 2nd quarter valued at about $50,000. Signaturefd LLC grew its position in shares of Upbound Group by 74.5% in the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after acquiring an additional 1,302 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Upbound Group by 18.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock worth $71,000 after purchasing an additional 518 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

Upbound Group Company Profile

Upbound Group, Inc. provides lease-to-own and retail services through brands including Rent-A-Center and Acima. Its offerings let customers obtain merchandise through flexible payment arrangements, with the option to own items after completing the required payments. The company’s products include furniture, appliances, electronics, computers and smartphones. Rent-A-Center serves customers through company-operated stores and franchise locations, while Acima provides lease-to-own options through participating retail partners and online channels.