Jeffrey J. Brown Acquires 991 Shares of Upbound Group, Inc. (NASDAQ:UPBD) Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown acquired 991 shares of Upbound Group stock in a transaction dated Monday, April 22nd. The stock was purchased at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the purchase, the director now directly owns 83,138 shares in the company, valued at $2,550,673.84. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Upbound Group Stock Performance

Shares of NASDAQ UPBD traded up $0.31 during trading on Wednesday, reaching $31.80. The stock had a trading volume of 352,760 shares, compared to its average volume of 377,946. Upbound Group, Inc. has a one year low of $23.61 and a one year high of $36.17. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.65 and a current ratio of 3.12. The stock has a market cap of $1.75 billion, a PE ratio of -264.98, a P/E/G ratio of 4.06 and a beta of 2.01. The firm’s 50 day moving average price is $33.07 and its two-hundred day moving average price is $31.79.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.04. Upbound Group had a positive return on equity of 32.65% and a negative net margin of 0.13%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $994.27 million. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts forecast that Upbound Group, Inc. will post 3.76 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Wednesday, April 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.65%. Upbound Group’s dividend payout ratio (DPR) is -1,233.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC acquired a new position in Upbound Group during the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in Upbound Group during the 3rd quarter valued at approximately $32,000. Clearstead Advisors LLC acquired a new position in Upbound Group during the 3rd quarter valued at approximately $38,000. Bramshill Investments LLC acquired a new position in Upbound Group during the 3rd quarter valued at approximately $43,000. Finally, CWM LLC acquired a new position in Upbound Group during the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

UPBD has been the topic of several analyst reports. Stephens upgraded Upbound Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 2nd. TD Cowen initiated coverage on Upbound Group in a report on Friday, March 8th. They set an “outperform” rating and a $43.00 target price on the stock. Finally, KeyCorp raised their target price on Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $38.17.

Upbound Group Company Profile

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.