Upbound Group (NASDAQ:UPBD) Stock: Insider Rebecca Wooters Purchases 4,325 Shares

Upbound Group, Inc. (NASDAQ:UPBD) EVP Rebecca Wooters acquired 4,325 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average cost of $23.00 per share, for a total transaction of $99,475.00. Following the transaction, the executive vice president directly owned 22,235 shares of the company’s stock, valued at approximately $511,405. This trade represents a 24.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Upbound Group Stock Up 3.1%

Shares of NASDAQ UPBD opened at $24.88 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of 5.79 and a beta of 1.80. The business’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $18.96. Upbound Group, Inc. has a 12-month low of $14.98 and a 12-month high of $25.29. The company has a current ratio of 3.17, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, October 29th. The company reported $1.01 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 during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $1.00 EPS. Upbound Group’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities analysts predict that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Announces Dividend

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

Institutional Trading of Upbound Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in 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 in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Upbound Group during the 2nd quarter worth approximately $46,000. Signaturefd LLC lifted its position in shares of Upbound Group by 74.5% during the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after buying an additional 1,302 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Upbound Group during the 2nd quarter worth approximately $50,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

More Upbound Group News

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

• Positive Sentiment: Seven directors and executives, including CEO Fahmi Karam, bought a combined approximately $1.34 million of UPBD shares on November 2–3, at prices of $22.61–$23.00. The breadth and size of the purchases may bolster investor sentiment, although insider buying does not guarantee future results. CEO SEC filing
• Positive Sentiment: In its latest reported quarter, Upbound earned $1.01 per share, topping the $0.91 analyst consensus, and generated $1.15 billion in revenue, above expectations.
• Neutral Sentiment: UPBD shares have recently moved toward their 12-month high, but the provided reports do not establish that insider purchases caused the move.
• Negative Sentiment: Quarterly revenue declined 1.3% year over year, tempering the earnings beat and suggesting growth remains a concern.

Wall Street Analyst Weigh In

UPBD has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. TD Cowen reduced 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. Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Weiss Ratings cut shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Finally, BTIG Research cut shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average 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.