Upbound Group (NASDAQ:UPBD) Director Jeffrey Brown Acquires 17,645 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey Brown acquired 17,645 shares of the stock in a transaction dated Monday, November 2nd. The shares were purchased at an average price of $22.67 per share, for a total transaction of $400,012.15. Following the completion of the transaction, the director owned 116,543 shares of the company’s stock, valued at $2,642,029.81. This trade represents a 17.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Upbound Group Stock Performance

Shares of NASDAQ UPBD traded up $1.68 during trading hours on Wednesday, reaching $24.14. The stock had a trading volume of 1,834,245 shares, compared to its average volume of 944,464. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 12.71 and a beta of 1.80. Upbound Group, Inc. has a twelve month low of $14.98 and a twelve month high of $24.30. The business’s fifty day moving average is $17.38 and its two-hundred day moving average is $18.91. 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 (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.00 earnings per share. As a group, research analysts expect that Upbound Group, Inc. will post 4.22 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group’s dividend payout ratio (DPR) is presently 82.11%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UPBD. TD Cowen lowered their target price on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. BTIG Research cut shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Friday, July 31st. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings lowered Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Finally, Zacks Research upgraded Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Upbound Group currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Institutional Investors Weigh In On Upbound Group

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Upbound Group in the 2nd quarter worth about $194,216,000. Dimensional Fund Advisors LP increased its position in shares of Upbound Group by 15.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock worth $43,227,000 after purchasing an additional 327,203 shares in the last quarter. Ieq Capital LLC bought a new position in Upbound Group during the 2nd quarter valued at about $37,565,000. Bank of New York Mellon Corp bought a new position in Upbound Group during the 2nd quarter valued at about $18,862,000. Finally, Pacer Advisors Inc. acquired a new position in Upbound Group in the first quarter valued at about $7,455,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

More Upbound Group News

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Six insiders bought shares on November 2–3: directors Molly Langenstein, Jeffrey Brown and Glenn P. Marino, and EVPs Balaji Kumar, Rebecca Wooters and Halim Khouri. Their purchases totaled about $1.24 million; several increased their individual holdings by double-digit percentages. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Zacks described UPBD as a potential long-term growth stock based on its Style Scores, offering a favorable characterization, though the article entry provides no specific forecasts or new company results. Zacks article
• Negative Sentiment: A recent report said Upbound’s consensus price target fell 22.36% to MX$410.79, signaling weaker analyst expectations; the cited figure is in Mexican pesos. Price target report

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.