Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown Buys 1,146 Shares

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown purchased 1,146 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the transaction, the director now owns 86,380 shares of the company’s stock, valued at $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upbound Group Stock Performance

Shares of UPBD traded down $0.75 during trading hours on Friday, reaching $29.12. 462,812 shares of the company traded hands, compared to its average volume of 541,102. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. The business has a fifty day moving average price of $31.88 and a 200-day moving average price of $31.46. Upbound Group, Inc. has a 12-month low of $26.50 and a 12-month high of $38.72. The stock has a market capitalization of $1.59 billion, a P/E ratio of 20.08 and a beta of 2.05.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts anticipate that Upbound Group, Inc. will post 3.8 EPS for the current fiscal year.

Upbound Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from Upbound Group’s previous quarterly dividend of $0.37. This represents a $1.56 dividend on an annualized basis and a yield of 5.36%. Upbound Group’s dividend payout ratio (DPR) is currently 107.59%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Loop Capital dropped their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group cut their target price on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. TD Cowen raised Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Finally, Stephens initiated coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.17.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP grew its position in Upbound Group by 2,864.5% during the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company’s stock worth $12,974,000 after purchasing an additional 391,888 shares during the period. CoreCap Advisors LLC acquired a new stake in Upbound Group during the second quarter worth about $606,000. Geode Capital Management LLC raised its position in Upbound Group by 4.7% during the third quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock valued at $38,968,000 after acquiring an additional 54,427 shares in the last quarter. Barclays PLC lifted its holdings in Upbound Group by 42.5% in the third quarter. Barclays PLC now owns 316,225 shares of the company’s stock valued at $10,116,000 after acquiring an additional 94,333 shares during the period. Finally, State Street Corp boosted its position in Upbound Group by 2.2% in the 3rd quarter. State Street Corp now owns 2,028,224 shares of the company’s stock worth $64,883,000 after purchasing an additional 43,814 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

About Upbound Group

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.