Upbound Group (NASDAQ:UPBD) Stock: Insider Fahmi Karam Acquires 4,407 Shares

Upbound Group, Inc. (NASDAQ:UPBD) CEO Fahmi Karam bought 4,407 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was purchased at an average cost of $22.71 per share, with a total value of $100,082.97. Following the purchase, the chief executive officer directly owned 258,912 shares in the company, valued at $5,879,891.52. The trade was a 1.73% 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 Trading Up 3.1%

UPBD traded up $0.76 during trading on Thursday, hitting $24.90. The company’s stock had a trading volume of 1,571,136 shares, compared to its average volume of 947,453. The firm’s 50 day moving average price is $17.48 and its 200-day moving average price is $18.93. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.17 and a quick ratio of 0.97. The stock has a market cap of $1.45 billion, a PE ratio of 13.11 and a beta of 1.80. Upbound Group, Inc. has a twelve month low of $14.98 and a twelve month high of $25.29.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. On average, analysts expect that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group’s dividend payout ratio is 82.11%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BTIG Research downgraded shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Friday, July 31st. Wall Street Zen cut shares of Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings downgraded shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Zacks Research upgraded shares of Upbound Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Finally, TD Cowen lowered their price target on shares of Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Upbound Group has an average rating of “Hold” and an average target price of $27.00.

Institutional Investors Weigh In On Upbound Group

A number of institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its stake in Upbound Group by 299.3% during the second quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock worth $26,000 after purchasing an additional 910 shares during the last quarter. Quantbot Technologies LP bought a new stake in Upbound Group during the second quarter valued at $46,000. Signaturefd LLC increased its stake in Upbound Group by 74.5% during the third quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock valued at $48,000 after purchasing an additional 1,302 shares during the last quarter. Allworth Financial LP bought a new stake in Upbound Group during the second quarter valued at $50,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Upbound Group by 49.9% during the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock worth $67,000 after purchasing an additional 1,226 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Trending Headlines about 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 stock on November 2–3, at prices between $22.61 and $23.00. Several increased their holdings meaningfully, a potential signal of confidence in the company, although insider buying does not guarantee future gains. SEC filing
• Positive Sentiment: In its latest reported quarter, Upbound earned $1.01 per share, topping the $0.91 analyst consensus, and generated $1.15 billion in revenue, ahead of estimates. Company results and stock information
• Neutral Sentiment: A recent article identified UPBD as a potential long-term growth stock, but it offers a broad investment perspective rather than a new company-specific catalyst. Long-term growth article
• Negative Sentiment: Revenue in the latest quarter was down 1.3% year over year, tempering the earnings beat and indicating that sales growth remains a concern.

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.