Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown Purchases 991 Shares

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

Upbound Group Stock Performance

UPBD stock opened at $31.80 on Thursday. The company has a fifty day moving average price of $33.05 and a 200-day moving average price of $31.79. Upbound Group, Inc. has a 52-week low of $23.61 and a 52-week high of $36.17. The company has a quick ratio of 0.65, a current ratio of 3.12 and a debt-to-equity ratio of 2.33.

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

Upbound Group Announces Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Upbound Group

Hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in Upbound Group during the third quarter worth $1,760,000. Swiss National Bank bought a new position in Upbound Group during the third quarter worth $3,078,000. Invesco Ltd. bought a new position in Upbound Group during the third quarter worth $14,154,000. Vanguard Group Inc. bought a new position in Upbound Group during the third quarter worth $170,877,000. Finally, New York State Common Retirement Fund bought a new position in Upbound Group during the third quarter worth $705,000. Institutional investors own 90.30% of the company’s stock.

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.