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

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

Upbound Group Price Performance

UPBD stock opened at $24.14 on Thursday. The business has a 50 day moving average price of $17.48 and a 200 day moving average price of $18.93. The company has a quick ratio of 0.97, a current ratio of 3.17 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 5.39 and a beta of 1.80. Upbound Group, Inc. has a fifty-two week low of $14.98 and a fifty-two week high of $24.30.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.12 billion. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Equities research analysts anticipate that Upbound Group, Inc. will post 4.22 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

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

Upbound Group News Summary

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

• Positive Sentiment: Six directors and executives bought a combined approximately $1.24 million of UPBD shares on November 2–3, at prices ranging from $22.61 to $23.00. Several increased their holdings materially, a notable signal of insider confidence, though insider purchases alone do not guarantee future performance. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Recent quarterly results also provide support: Upbound reported EPS of $1.01, above the $0.91 consensus, and revenue of $1.15 billion, ahead of estimates. Revenue was still down 1.3% year over year. Zacks also highlighted UPBD as a long-term growth-stock candidate, though the article provides a broad stock-selection perspective rather than a new company-specific catalyst. Zacks article
• Negative Sentiment: A report says Upbound’s consensus price target fell 22.36% to MX$410.79, suggesting reduced analyst expectations. The quoted target is in Mexican pesos, so it is not directly comparable with UPBD’s U.S.-dollar share price. Price target article

Hedge Funds Weigh In On Upbound Group

A number of hedge funds have recently modified their holdings of the business. Hohimer Wealth Management LLC acquired a new position in Upbound Group in the third quarter valued at $158,000. One Way Holdings LLC purchased a new stake in shares of Upbound Group in the third quarter valued at about $5,610,000. Vise Technologies Inc. acquired a new stake in shares of Upbound Group during the third quarter worth about $172,000. Summit Global Investments boosted its stake in shares of Upbound Group by 5.3% during the third quarter. Summit Global Investments now owns 38,648 shares of the company’s stock worth $607,000 after buying an additional 1,948 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Upbound Group during the third quarter worth about $231,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About Upbound Group

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.