Upbound Group, Inc. (NASDAQ:UPBD) Director Acquires $516,087.50 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown purchased 21,730 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $23.75 per share, for a total transaction of $516,087.50. Following the acquisition, the director now owns 21,730 shares of the company’s stock, valued at approximately $516,087.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Upbound Group Trading Down 1.3 %

Shares of UPBD stock opened at $23.69 on Friday. The business’s fifty day moving average price is $22.88 and its 200 day moving average price is $27.74. The firm has a market capitalization of $1.37 billion, a PE ratio of 10.72 and a beta of 1.77. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a 1-year low of $19.69 and a 1-year high of $38.72.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. As a group, sell-side analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend was Wednesday, April 2nd. Upbound Group’s dividend payout ratio is currently 73.24%.

Analyst Ratings Changes

A number of research firms have recently issued reports on UPBD. Raymond James reissued an “outperform” rating and issued a $35.00 target price (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Loop Capital dropped their price objective on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Upbound Group currently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

Hedge Funds Weigh In On Upbound Group

Several hedge funds have recently bought and sold shares of UPBD. R Squared Ltd acquired a new stake in Upbound Group in the fourth quarter valued at $25,000. TD Private Client Wealth LLC grew its stake in Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after acquiring an additional 491 shares during the last quarter. CWM LLC increased its holdings in Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after acquiring an additional 493 shares in the last quarter. Blue Trust Inc. raised its position in Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock worth $73,000 after acquiring an additional 705 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock valued at $110,000 after purchasing an additional 429 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

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.