Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown Acquires 1,065 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown bought 1,065 shares of the stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the purchase, the director now directly owns 85,234 shares of the company’s stock, valued at approximately $2,493,094.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Upbound Group Trading Down 1.9 %

UPBD stock opened at $27.09 on Friday. The firm has a market cap of $1.48 billion, a P/E ratio of 27.64 and a beta of 2.00. Upbound Group, Inc. has a 1-year low of $25.00 and a 1-year high of $38.72. The business’s 50 day moving average is $30.76 and its 200-day moving average is $31.62. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company earned $1.11 EPS. Upbound Group’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that Upbound Group, Inc. will post 3.67 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.46%. The ex-dividend date was Tuesday, October 1st. Upbound Group’s dividend payout ratio is 151.02%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UPBD. Allspring Global Investments Holdings LLC raised its stake in Upbound Group by 232.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after buying an additional 1,146 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Upbound Group by 6.3% in the 1st quarter. Principal Financial Group Inc. now owns 247,592 shares of the company’s stock valued at $8,718,000 after acquiring an additional 14,728 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Upbound Group in the 1st quarter valued at about $627,000. Texas Permanent School Fund Corp lifted its stake in Upbound Group by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,965 shares of the company’s stock valued at $1,372,000 after purchasing an additional 522 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Upbound Group by 43.0% in the 1st quarter. LSV Asset Management now owns 1,693,695 shares of the company’s stock valued at $59,635,000 after purchasing an additional 509,343 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analysts Set New Price Targets

UPBD has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Loop Capital restated a “hold” rating and set a $36.00 price target on shares of Upbound Group in a research note on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Upbound Group has an average rating of “Moderate Buy” and an average target price of $40.00.

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.