Insider Buying: Upbound Group, Inc. (NASDAQ:UPBD) Director Buys $30,403.88 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown purchased 991 shares of Upbound Group stock in a transaction dated Monday, April 22nd. The stock was bought at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the transaction, the director now directly owns 83,138 shares of the company’s stock, valued at $2,550,673.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Upbound Group Trading Up 1.5 %

Shares of NASDAQ UPBD opened at $32.41 on Friday. The business’s 50-day simple moving average is $33.02 and its 200-day simple moving average is $31.81. Upbound Group, Inc. has a 52 week low of $25.00 and a 52 week high of $36.17. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, February 22nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, analysts forecast that Upbound Group, Inc. will post 3.76 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Wednesday, April 3rd were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.57%. Upbound Group’s dividend payout ratio (DPR) is presently -1,233.23%.

Institutional Investors Weigh In On Upbound Group

Several hedge funds and other institutional investors have recently modified their holdings of UPBD. Qube Research & Technologies Ltd bought a new stake in Upbound Group in the 3rd quarter valued at $1,760,000. Swiss National Bank bought a new stake in shares of Upbound Group in the third quarter valued at about $3,078,000. Invesco Ltd. acquired a new stake in Upbound Group during the third quarter worth about $14,154,000. Vanguard Group Inc. bought a new position in Upbound Group during the third quarter valued at about $170,877,000. Finally, New York State Common Retirement Fund acquired a new position in Upbound Group in the 3rd quarter valued at approximately $705,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. KeyCorp boosted their price target on shares of Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. TD Cowen assumed coverage on Upbound Group in a research note on Friday, March 8th. They set an “outperform” rating and a $43.00 price target for the company. Finally, Stephens raised Upbound Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $38.17.

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.