Key Points
- Director Jeffrey Brown purchased 2,502 shares on January 6 at an average price of $17.68 (total $44,235), increasing his stake to 92,972 shares (a 2.77% rise), as disclosed in an SEC filing.
- Upbound paid a quarterly dividend of $0.39 on January 6 (ex-dividend date Dec 17), equal to an annualized $1.56 and a high 8.2% yield with a payout ratio of about 107.6%.
- The company beat recent quarterly EPS estimates ($1.00), provided FY2025 guidance of 4.05–4.15 EPS, and has a MarketBeat consensus of "Moderate Buy" with a $32.25 target.
Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Jeffrey Brown bought 2,502 shares of the company's stock in a transaction on Tuesday, January 6th. The shares were bought at an average price of $17.68 per share, for a total transaction of $44,235.36. Following the completion of the acquisition, the director directly owned 92,972 shares in the company, valued at approximately $1,643,744.96. This trade represents a 2.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Upbound Group Stock Performance
UPBD opened at $19.02 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.98 and a current ratio of 3.16. The business's 50-day simple moving average is $17.96 and its 200 day simple moving average is $21.97. The firm has a market capitalization of $1.10 billion, a PE ratio of 13.12 and a beta of 1.85. Upbound Group, Inc. has a 52-week low of $15.82 and a 52-week high of $30.62.
Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Upbound Group had a net margin of 1.85% and a return on equity of 36.08%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, sell-side analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.
Upbound Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Wednesday, December 17th. Upbound Group's dividend payout ratio is presently 107.59%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on UPBD. Zacks Research upgraded shares of Upbound Group from a "strong sell" rating to a "hold" rating in a research report on Monday, December 29th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Upbound Group in a report on Monday, December 29th. TD Cowen cut their target price on shares of Upbound Group from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday. Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday, December 20th. Finally, BTIG Research decreased their target price on shares of Upbound Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.25.
Check Out Our Latest Analysis on Upbound Group
Institutional Trading of Upbound Group
Several institutional investors and hedge funds have recently modified their holdings of UPBD. FNY Investment Advisers LLC bought a new stake in Upbound Group during the third quarter worth $32,000. Quarry LP grew its position in shares of Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company's stock valued at $33,000 after acquiring an additional 1,251 shares during the period. Security National Bank purchased a new stake in shares of Upbound Group during the 3rd quarter worth approximately $57,000. GAMMA Investing LLC increased its position in Upbound Group by 414.1% in the second quarter. GAMMA Investing LLC now owns 2,617 shares of the company's stock worth $66,000 after buying an additional 2,108 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Upbound Group during the 2nd quarter valued at $95,000. 90.30% of the stock is owned by hedge funds and other institutional investors.
Upbound Group Company Profile
(
Get Free Report)
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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.
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