Upbound Group (NASDAQ:UPBD) EVP Halim Khouri Acquires 11,000 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Halim Khouri purchased 11,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of $22.78 per share, with a total value of $250,580.00. Following the acquisition, the executive vice president directly owned 114,854 shares in the company, valued at $2,616,374.12. This trade represents a 10.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Upbound Group Price Performance

UPBD opened at $24.14 on Thursday. The stock has a market cap of $1.41 billion, a P/E ratio of 5.39 and a beta of 1.80. Upbound Group, Inc. has a 12 month low of $14.98 and a 12 month high of $24.30. 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 company has a fifty day simple moving average of $17.48 and a 200 day simple moving average of $18.93.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. The firm had revenue of $1.15 billion for 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. On average, research analysts expect that Upbound Group, Inc. will post 4.22 EPS for the current year.

Upbound Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings cut Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Friday, July 31st. Zacks Research raised Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Finally, TD Cowen dropped their target price on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 30th. 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.00.

More Upbound Group News

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

Institutional Trading of Upbound Group

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Upbound Group by 18.2% during the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock worth $71,000 after buying an additional 518 shares in the last quarter. IFP Advisors Inc raised its position in Upbound Group by 299.3% in the 2nd quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock valued at $26,000 after buying an additional 910 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Upbound Group by 49.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after buying an additional 1,226 shares during the last quarter. Signaturefd LLC lifted its stake in Upbound Group by 74.5% in the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Upbound Group by 223.5% in the 2nd quarter. Allworth Financial LP now owns 2,352 shares of the company’s stock valued at $50,000 after acquiring an additional 1,625 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors.

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.