Upbound Group, Inc. (NASDAQ:UPBD) Director Purchases $30,403.88 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Jeffrey J. Brown purchased 991 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were bought at an average price 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Upbound Group Stock Performance

Shares of NASDAQ:UPBD opened at $32.41 on Friday. The company has a 50 day moving average of $33.02 and a 200 day moving average of $31.81. 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 12 month low of $25.00 and a 12 month 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 for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, sell-side analysts expect that Upbound Group, Inc. will post 3.76 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.57%. Upbound Group’s dividend payout ratio (DPR) is presently -1,233.23%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stephens raised Upbound Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 2nd. TD Cowen started coverage on shares of Upbound Group in a research report on Friday, March 8th. They issued an “outperform” rating and a $43.00 price target on the stock. Finally, KeyCorp raised their price objective 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. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $38.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new position in Upbound Group in the 3rd quarter worth approximately $1,760,000. Swiss National Bank purchased a new position in Upbound Group in the third quarter worth $3,078,000. Invesco Ltd. bought a new position in Upbound Group in the third quarter valued at $14,154,000. Vanguard Group Inc. purchased a new stake in Upbound Group during the third quarter valued at about $170,877,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Upbound Group in the 3rd quarter worth about $705,000. 90.30% of the stock is currently owned by institutional investors.

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.