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

Upbound Group, Inc. (NASDAQ:UPBD) EVP Scott Young acquired 6,015 shares of Upbound Group stock in a transaction dated 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 completion of the purchase, the executive vice president directly owned 6,015 shares in the company, valued at $150,074.25. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Upbound Group Stock Performance

Upbound Group stock traded down $0.02 during trading on Tuesday, reaching $24.66. The company had a trading volume of 1,449,671 shares, compared to its average volume of 954,607. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.98 and a beta of 1.80. The company has a current ratio of 3.17, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80. The firm’s 50-day simple moving average is $17.79 and its 200 day simple moving average is $19.01. Upbound Group, Inc. has a 52 week low of $14.98 and a 52 week high of $25.29.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts forecast that Upbound Group, Inc. will post 4.22 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UPBD. IFP Advisors Inc boosted its stake in Upbound Group by 299.3% in the 2nd 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. Quantbot Technologies LP bought a new stake in shares of Upbound Group during the second quarter valued at approximately $46,000. Allworth Financial LP bought a new stake in shares of Upbound Group during the second quarter valued at approximately $50,000. Signaturefd LLC lifted its holdings in shares of Upbound Group by 74.5% in the third quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after buying an additional 1,302 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings 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 buying an additional 518 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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