Upbound Group (NASDAQ:UPBD) Director Buys $44,235.36 in Stock
by Mitch Edgeman · The Markets DailyUpbound Group, Inc. (NASDAQ:UPBD – Get Free Report) Director Jeffrey Brown bought 2,502 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was purchased at an average price of $17.68 per share, for a total transaction of $44,235.36. Following the acquisition, the director directly owned 92,972 shares of the company’s stock, valued at approximately $1,643,744.96. The trade was a 2.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Upbound Group Trading Up 3.1%
NASDAQ:UPBD traded up $0.58 during midday trading on Thursday, reaching $19.02. 1,008,384 shares of the stock traded hands, compared to its average volume of 857,286. The stock has a market capitalization of $1.10 billion, a P/E ratio of 13.12 and a beta of 1.85. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.98 and a current ratio of 3.16. The company has a fifty day moving average of $17.96 and a 200 day moving average of $21.99. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $30.62.
Upbound Group (NASDAQ:UPBD – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Upbound Group had a net margin of 1.85% and a return on equity of 36.08%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.
Upbound Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Wednesday, December 17th were issued a $0.39 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.56 annualized dividend and a yield of 8.2%. Upbound Group’s dividend payout ratio (DPR) is 107.59%.
Analyst Ratings Changes
A number of equities analysts recently commented on UPBD shares. Weiss Ratings restated a “hold (c-)” rating on shares of Upbound Group in a report on Monday, December 29th. Wall Street Zen raised shares of Upbound Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Cowen reaffirmed a “buy” rating on shares of Upbound Group in a research report on Thursday. Loop Capital raised shares of Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, September 15th. Finally, Zacks Research raised shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.
Check Out Our Latest Stock Analysis on Upbound Group
Hedge Funds Weigh In On Upbound Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in Upbound Group by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,705 shares of the company’s stock valued at $645,000 after purchasing an additional 482 shares during the last quarter. Amalgamated Bank boosted its position in shares of Upbound Group by 3.4% during the third quarter. Amalgamated Bank now owns 15,275 shares of the company’s stock valued at $361,000 after buying an additional 509 shares during the last quarter. Inspire Investing LLC increased its holdings in Upbound Group by 3.9% in the 1st quarter. Inspire Investing LLC now owns 14,338 shares of the company’s stock worth $344,000 after buying an additional 540 shares in the last quarter. Allianz Asset Management GmbH raised its position in Upbound Group by 0.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 84,556 shares of the company’s stock worth $2,122,000 after buying an additional 621 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Upbound Group by 5.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,183 shares of the company’s stock worth $311,000 after buying an additional 638 shares during the last quarter. 90.30% of the stock is owned by institutional investors.
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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.