Upbound Group (NASDAQ:UPBD) EVP Scott Young Buys 6,015 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Scott Young purchased 6,015 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average price of $24.95 per share, with a total value of $150,074.25. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Upbound Group Trading Down 0.1%

Shares of UPBD opened at $24.66 on Wednesday. The business’s 50-day moving average price is $17.92 and its 200 day moving average price is $19.03. The stock has a market capitalization of $1.44 billion, a P/E ratio of 5.92 and a beta of 1.80. Upbound Group, Inc. has a 1-year low of $14.98 and a 1-year high of $25.29. The company has a current ratio of 3.17, a quick ratio of 0.95 and a debt-to-equity ratio of 1.80.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company earned $1.00 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group’s dividend payout ratio (DPR) is 82.11%.

Hedge Funds Weigh In On Upbound Group

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Upbound Group by 18.2% in the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock worth $71,000 after purchasing an additional 518 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Upbound Group by 299.3% during the second quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock worth $26,000 after purchasing an additional 910 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Upbound Group by 49.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock worth $67,000 after purchasing an additional 1,226 shares during the period. Signaturefd LLC boosted its holdings in shares of Upbound Group by 74.5% during the third quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after purchasing an additional 1,302 shares during the period. Finally, Allworth Financial LP grew its position in Upbound Group by 223.5% during the second quarter. Allworth Financial LP now owns 2,352 shares of the company’s stock valued at $50,000 after purchasing an additional 1,625 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BTIG Research lowered shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a report on Friday, July 31st. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Weiss Ratings cut shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Finally, TD Cowen cut their target price on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Upbound Group currently has a consensus rating of “Hold” and a consensus 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.