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

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown bought 991 shares of the stock in a transaction dated Monday, April 22nd. The stock was bought at an average cost of $30.68 per share, for a total transaction of $30,403.88. Following the acquisition, the director now directly owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upbound Group Stock Performance

Upbound Group stock opened at $31.80 on Thursday. The firm’s fifty day moving average is $33.05 and its 200 day moving average is $31.79. 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, Inc. has a 52-week low of $23.61 and a 52-week high of $36.17.

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 analysts’ consensus estimates of $0.77 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. Upbound Group’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. As a group, equities research analysts predict that Upbound Group, Inc. will post 3.76 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were given 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 was Tuesday, April 2nd. Upbound Group’s dividend payout ratio (DPR) is -1,233.23%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UPBD. CWM LLC bought a new position in Upbound Group during the third quarter valued at $45,000. Ritholtz Wealth Management bought a new position in Upbound Group during the third quarter valued at $424,000. State of Alaska Department of Revenue bought a new position in Upbound Group during the third quarter valued at $841,000. Carolina Wealth Advisors LLC bought a new position in Upbound Group during the third quarter valued at $67,000. Finally, Exchange Traded Concepts LLC bought a new position in Upbound Group during the third quarter valued at $376,000. 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.