Upbound Group (NASDAQ:UPBD) EVP Buys $250,580.00 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Halim Khouri bought 11,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average price of $22.78 per share, with a total value of $250,580.00. Following the transaction, the executive vice president directly owned 114,854 shares in the company, valued at $2,616,374.12. This represents a 10.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Upbound Group Price Performance

Shares of UPBD stock traded up $1.68 during midday trading on Wednesday, reaching $24.14. 1,834,245 shares of the company were exchanged, compared to its average volume of 944,464. Upbound Group, Inc. has a 12 month low of $14.98 and a 12 month high of $24.30. The company has a market cap of $1.41 billion, a P/E ratio of 12.71 and a beta of 1.80. The company’s 50 day moving average price is $17.38 and its two-hundred day moving average price is $18.91. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 3.17.

Upbound Group (NASDAQ:UPBD) last issued 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 company 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 revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS. On average, sell-side analysts expect that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

Upbound Group News Summary

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

Institutional Trading of Upbound Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPBD. Legal & General Group Plc bought a new stake in Upbound Group during the second quarter worth approximately $2,504,000. Venture Visionary Partners LLC increased its holdings in shares of Upbound Group by 72.8% in the third quarter. Venture Visionary Partners LLC now owns 157,858 shares of the company’s stock valued at $2,478,000 after buying an additional 66,491 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Upbound Group during the 2nd quarter valued at $3,868,000. Sei Investments Co. lifted its position in shares of Upbound Group by 249.0% during the 1st quarter. Sei Investments Co. now owns 244,848 shares of the company’s stock valued at $4,419,000 after acquiring an additional 174,682 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Upbound Group during the 2nd quarter worth $6,251,000. 90.30% of the stock is owned by institutional investors and hedge funds.

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.