Upbound Group (NASDAQ:UPBD) EVP Rebecca Wooters Purchases 4,325 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Rebecca Wooters purchased 4,325 shares of the stock in a transaction on Tuesday, November 3rd. The stock was acquired at an average price of $23.00 per share, with a total value of $99,475.00. Following the acquisition, the executive vice president directly owned 22,235 shares in the company, valued at $511,405. This trade represents a 24.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Upbound Group Trading Up 7.5%

Shares of UPBD stock traded up $1.68 during trading hours on Wednesday, hitting $24.14. 1,834,246 shares of the company were exchanged, compared to its average volume of 944,464. The firm has a market cap of $1.41 billion, a PE ratio of 12.71 and a beta of 1.80. Upbound Group, Inc. has a 1 year low of $14.98 and a 1 year 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 firm has a fifty day moving average of $17.38 and a 200 day moving average of $18.91.

Upbound Group (NASDAQ:UPBD) last released its earnings results 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 net margin of 2.36% and a return on equity of 33.81%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts expect that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group’s dividend payout ratio (DPR) is 82.11%.

More Upbound Group News

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Six insiders bought shares on November 2–3: directors Molly Langenstein, Jeffrey Brown and Glenn P. Marino, and EVPs Balaji Kumar, Rebecca Wooters and Halim Khouri. Their purchases totaled about $1.24 million; several increased their individual holdings by double-digit percentages. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Zacks described UPBD as a potential long-term growth stock based on its Style Scores, offering a favorable characterization, though the article entry provides no specific forecasts or new company results. Zacks article
• Negative Sentiment: A recent report said Upbound’s consensus price target fell 22.36% to MX$410.79, signaling weaker analyst expectations; the cited figure is in Mexican pesos. Price target report

Institutional Investors Weigh In On Upbound Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake 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 valued at $71,000 after buying an additional 518 shares in the last quarter. IFP Advisors Inc lifted its position in Upbound Group by 299.3% during the 2nd quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock worth $26,000 after acquiring an additional 910 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings 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 worth $67,000 after acquiring an additional 1,226 shares during the period. Signaturefd LLC boosted its holdings in Upbound Group by 74.5% in the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after acquiring an additional 1,302 shares during the period. Finally, Allworth Financial LP boosted its holdings in Upbound Group by 223.5% in the 2nd quarter. Allworth Financial LP now owns 2,352 shares of the company’s stock worth $50,000 after acquiring an additional 1,625 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Analysts Set New Price Targets

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

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.