Upbound Group, Inc. (NASDAQ:UPBD – Get Free Report) EVP Rebecca Wooters acquired 4,325 shares of Upbound Group stock in a transaction on Tuesday, November 3rd. The shares were bought at an average price of $23.00 per share, with a total value of $99,475.00. Following the completion of the transaction, the executive vice president directly owned 22,235 shares of the company’s stock, valued at $511,405. This trade represents a 24.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Upbound Group Price Performance
UPBD opened at $24.24 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 5.48 and a beta of 1.80. Upbound Group, Inc. has a twelve month low of $14.98 and a twelve 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. The company has a fifty day simple moving average of $17.68 and a 200 day simple moving average of $18.98.
Upbound Group (NASDAQ:UPBD – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.10. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Equities research analysts expect 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. Shareholders of record on Tuesday, October 6th were issued a $0.39 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 6.4%. Upbound Group’s dividend payout ratio (DPR) is 82.11%.
Analysts Set New Price Targets
UPBD has been the subject of several recent analyst reports. BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Friday, July 31st. Weiss Ratings lowered shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Zacks Research raised shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Finally, TD Cowen lowered their price objective on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 30th. One 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 presently has a consensus rating of “Hold” and a consensus target price of $27.00.
Check Out Our Latest Report on UPBD
Institutional Investors Weigh In On Upbound Group
A number of institutional investors and hedge funds have recently bought and sold shares of UPBD. Maryland State Retirement & Pension System acquired a new stake in shares of Upbound Group in the 3rd quarter worth $190,000. Hohimer Wealth Management LLC bought a new stake in Upbound Group in the 3rd quarter worth about $158,000. One Way Holdings LLC purchased a new stake in Upbound Group during the 3rd quarter valued at $5,610,000. Vise Technologies Inc. bought a new stake in shares of Upbound Group during the 3rd quarter valued at $172,000. Finally, Summit Global Investments increased its position in shares of Upbound Group by 5.3% during the third quarter. Summit Global Investments now owns 38,648 shares of the company’s stock worth $607,000 after acquiring an additional 1,948 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.
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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