Upbound Group (NASDAQ:UPBD) EVP Rebecca Wooters Buys 4,325 Shares of Company Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Rebecca Wooters bought 4,325 shares of Upbound Group stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average price of $23.00 per share, for a total transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink.

Upbound Group Stock Up 7.5%

Shares of UPBD opened at $24.14 on Thursday. The firm has a market cap of $1.41 billion, a PE ratio of 5.39 and a beta of 1.80. The company’s fifty day moving average is $17.48 and its two-hundred day moving average is $18.93. Upbound Group, Inc. has a fifty-two week low of $14.98 and a fifty-two week high of $24.30. The company has a quick ratio of 0.97, a current ratio of 3.17 and a debt-to-equity ratio of 1.80.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.10. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts forecast that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 6.5%. Upbound Group’s payout ratio is 82.11%.

Key Headlines Impacting Upbound Group

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Six directors and executives bought a combined approximately $1.24 million of UPBD shares on November 2–3, at prices ranging from $22.61 to $23.00. Several increased their holdings materially, a notable signal of insider confidence, though insider purchases alone do not guarantee future performance. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Recent quarterly results also provide support: Upbound reported EPS of $1.01, above the $0.91 consensus, and revenue of $1.15 billion, ahead of estimates. Revenue was still down 1.3% year over year. Zacks also highlighted UPBD as a long-term growth-stock candidate, though the article provides a broad stock-selection perspective rather than a new company-specific catalyst. Zacks article
• Negative Sentiment: A report says Upbound’s consensus price target fell 22.36% to MX$410.79, suggesting reduced analyst expectations. The quoted target is in Mexican pesos, so it is not directly comparable with UPBD’s U.S.-dollar share price. Price target article

Analyst Ratings Changes

Several research firms have issued reports on UPBD. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Weiss Ratings cut Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. 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. TD Cowen decreased their price target on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Upbound Group presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Institutional Trading of Upbound Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in Upbound Group during the 2nd quarter valued at approximately $2,504,000. Venture Visionary Partners LLC increased its position in Upbound Group by 72.8% in the third quarter. Venture Visionary Partners LLC now owns 157,858 shares of the company’s stock worth $2,478,000 after buying an additional 66,491 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Upbound Group in the second quarter worth $3,868,000. Sei Investments Co. increased its position in Upbound Group by 249.0% in the first quarter. Sei Investments Co. now owns 244,848 shares of the company’s stock worth $4,419,000 after buying an additional 174,682 shares during the period. Finally, Bank of America Corp DE bought a new stake in Upbound Group in the second quarter valued at $6,251,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

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.