Upbound Group (NASDAQ:UPBD) EVP Purchases $150,074.25 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Scott Young bought 6,015 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average price of $24.95 per share, with a total value of $150,074.25. Following the completion of the acquisition, the executive vice president directly owned 6,015 shares in the company, valued at $150,074.25. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Upbound Group Price Performance

Shares of Upbound Group stock opened at $23.88 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.17 and a quick ratio of 0.95. The business’s 50 day simple moving average is $18.16 and its two-hundred day simple moving average is $19.09. The stock has a market capitalization of $1.39 billion, a P/E ratio of 6.06 and a beta of 1.80. Upbound Group, Inc. has a one year low of $14.98 and a one year high of $25.52.

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, beating analysts’ consensus estimates of $0.91 by $0.10. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts forecast that Upbound Group, Inc. will post 4.22 EPS for the current year.

Upbound Group Announces Dividend

The company also recently declared 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. This represents a $1.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Tuesday, October 6th. Upbound Group’s dividend payout ratio is currently 82.11%.

Institutional Trading of Upbound Group

Large investors have recently added to or reduced their stakes in the stock. Ingalls & Snyder LLC purchased a new position in Upbound Group during the 3rd quarter valued at $212,000. First Trust Advisors LP boosted its stake in shares of Upbound Group by 3.7% during the 3rd quarter. First Trust Advisors LP now owns 229,459 shares of the company’s stock valued at $3,603,000 after purchasing an additional 8,194 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Upbound Group during the third quarter valued at about $8,683,000. Hudson Portfolio Management LLC purchased a new position in shares of Upbound Group during the third quarter valued at about $203,000. Finally, Landscape Capital Management L.L.C. raised its stake in Upbound Group by 69.5% in the third quarter. Landscape Capital Management L.L.C. now owns 243,424 shares of the company’s stock worth $3,822,000 after buying an additional 99,832 shares in the last quarter. Institutional investors own 90.30% of the company’s stock.

Analyst Ratings Changes

UPBD has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Zacks Research raised shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. TD Cowen dropped their target price 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. Weiss Ratings lowered shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Finally, 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 note on Friday, July 31st. One research 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 presently has an average rating of “Hold” and an average price target of $27.00.

Upbound Group Company Profile

Upbound Group, Inc. provides lease-to-own and retail services through brands including Rent-A-Center and Acima. Its offerings let customers obtain merchandise through flexible payment arrangements, with the option to own items after completing the required payments. The company’s products include furniture, appliances, electronics, computers and smartphones. Rent-A-Center serves customers through company-operated stores and franchise locations, while Acima provides lease-to-own options through participating retail partners and online channels.