Upbound Group (NASDAQ:UPBD) EVP Balaji Kumar Buys 2,200 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Balaji Kumar acquired 2,200 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were acquired at an average price of $22.77 per share, with a total value of $50,094.00. Following the completion of the purchase, the executive vice president owned 16,949 shares of the company’s stock, valued at $385,928.73. This trade represents a 14.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Upbound Group Stock Performance

NASDAQ:UPBD opened at $24.14 on Thursday. The firm’s fifty day simple moving average is $17.48 and its 200 day simple moving average is $18.93. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 5.39 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 company has a current ratio of 3.17, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80.

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

Upbound Group Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UPBD. IFP Advisors Inc raised its position in shares of Upbound Group by 299.3% during the 2nd quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock valued at $26,000 after acquiring an additional 910 shares in the last quarter. Quantbot Technologies LP acquired a new position in Upbound Group in the second quarter worth $46,000. Signaturefd LLC increased its stake in Upbound Group by 74.5% during the third quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after purchasing an additional 1,302 shares during the last quarter. Allworth Financial LP bought a new stake in Upbound Group during the second quarter valued at $50,000. Finally, PNC Financial Services Group Inc. increased its stake in Upbound Group by 49.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after purchasing an additional 1,226 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Key Headlines Impacting Upbound Group

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

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.