Upbound Group, Inc. (NASDAQ:UPBD – Get Free Report) Director Molly Langenstein bought 2,186 shares of the stock in a transaction on Monday, November 2nd. The shares were acquired at an average cost of $22.91 per share, with a total value of $50,081.26. Following the acquisition, the director directly owned 2,186 shares in the company, valued at approximately $50,081.26. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Upbound Group Trading Up 7.5%
NASDAQ:UPBD traded up $1.68 on Wednesday, reaching $24.14. The company’s stock had a trading volume of 1,834,246 shares, compared to its average volume of 944,464. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 3.17. The business’s 50-day moving average price is $17.38 and its two-hundred day moving average price is $18.91. Upbound Group, Inc. has a 1-year low of $14.98 and a 1-year high of $24.30. The firm has a market cap of $1.41 billion, a PE ratio of 12.71 and a beta of 1.80.
Upbound Group (NASDAQ:UPBD – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.10. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. Upbound Group’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS. Equities research analysts anticipate that Upbound Group, Inc. will post 4.22 earnings per share for the current fiscal year.
Upbound Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Tuesday, October 6th. Upbound Group’s payout ratio is currently 82.11%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Zacks Research raised shares of Upbound Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings cut shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. TD Cowen cut their price objective on Upbound Group from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Finally, BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.00.
View Our Latest Stock Analysis on UPBD
Institutional Investors Weigh In On Upbound Group
Large investors have recently modified their holdings of the stock. IFP Advisors Inc grew 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 valued at $26,000 after buying an additional 910 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Upbound Group in the second quarter worth $46,000. Allworth Financial LP bought a new position in shares of Upbound Group in the second quarter worth $50,000. Signaturefd LLC boosted 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 acquiring an additional 1,302 shares during the period. Finally, GAMMA Investing LLC grew its position 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 purchasing an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.
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
Upbound Group Company Profile
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.
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