Insider Buying: Upbound Group, Inc. (NASDAQ:UPBD) Director Buys 991 Shares of Stock

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

Upbound Group Price Performance

UPBD opened at $31.92 on Friday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -265.98, a PEG ratio of 4.12 and a beta of 2.01. Upbound Group, Inc. has a 1 year low of $24.58 and a 1 year high of $36.17. The company has a current ratio of 3.12, a quick ratio of 0.65 and a debt-to-equity ratio of 2.33. The stock has a fifty day moving average price of $33.02 and a 200 day moving average price of $31.79.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, February 22nd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $994.27 million. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Upbound Group, Inc. will post 3.76 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.37 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 annualized dividend and a yield of 4.64%. Upbound Group’s dividend payout ratio (DPR) is currently -1,233.23%.

Analyst Ratings Changes

Several analysts have recently commented on UPBD shares. Stephens raised Upbound Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 2nd. TD Cowen assumed coverage on Upbound Group in a research report on Friday, March 8th. They set an “outperform” rating and a $43.00 price objective for the company. Finally, KeyCorp lifted their price objective on Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $38.17.

Hedge Funds Weigh In On Upbound Group

Several institutional investors have recently bought and sold shares of UPBD. CWM LLC bought a new position in Upbound Group during the third quarter valued at about $45,000. Ritholtz Wealth Management bought a new position in shares of Upbound Group in the third quarter worth about $424,000. State of Alaska Department of Revenue bought a new position in shares of Upbound Group in the third quarter worth about $841,000. Carolina Wealth Advisors LLC bought a new position in shares of Upbound Group in the third quarter worth about $67,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Upbound Group in the third quarter worth about $376,000. 90.30% of the stock is currently owned by institutional investors.

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.