Upbound Group (NASDAQ:UPBD) Director Acquires $43,448.77 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey Brown purchased 1,951 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were purchased at an average cost of $22.27 per share, for a total transaction of $43,448.77. Following the purchase, the director directly owned 90,965 shares in the company, valued at approximately $2,025,790.55. This represents a 2.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Upbound Group Trading Down 0.0%

Shares of Upbound Group stock opened at $22.73 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The company has a market capitalization of $1.32 billion, a P/E ratio of 12.77 and a beta of 1.77. The business has a 50 day moving average price of $24.08 and a 200 day moving average price of $23.83.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $1.04 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Sell-side analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Tuesday, September 30th. Upbound Group’s dividend payout ratio is presently 87.64%.

Institutional Investors Weigh In On Upbound Group

Several large investors have recently bought and sold shares of UPBD. Ieq Capital LLC increased its stake in Upbound Group by 517.8% in the second quarter. Ieq Capital LLC now owns 4,535,114 shares of the company’s stock valued at $113,831,000 after purchasing an additional 3,801,043 shares in the last quarter. Azora Capital LP acquired a new position in shares of Upbound Group in the second quarter valued at approximately $18,961,000. Nuveen LLC acquired a new position in Upbound Group during the first quarter worth $10,023,000. LSV Asset Management boosted its holdings in Upbound Group by 20.9% during the second quarter. LSV Asset Management now owns 2,041,415 shares of the company’s stock worth $51,240,000 after purchasing an additional 352,264 shares during the last quarter. Finally, Bragg Financial Advisors Inc boosted its holdings in Upbound Group by 78.3% during the first quarter. Bragg Financial Advisors Inc now owns 724,231 shares of the company’s stock worth $17,353,000 after purchasing an additional 318,060 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on UPBD shares. Loop Capital upgraded Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Monday, September 15th. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “hold (c)” rating on shares of Upbound Group in a research note on Friday. Finally, BTIG Research restated a “buy” rating and set a $40.00 target price on shares of Upbound Group in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $37.25.

Upbound Group Company Profile

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.