Key Points
- Director Jeffrey Brown bought 2,764 Upbound Group shares for approximately $47,016, increasing his direct stake by 2.88% to 98,898 shares.
- Upbound Group reported quarterly earnings of $1.01 per share and revenue of $1.15 billion, both above analyst estimates, although revenue declined 1.3% year over year.
- The company declared a quarterly dividend of $0.39, equivalent to an annualized $1.56 payout and a 7.8% yield; analysts maintain a consensus “Hold” rating with an average price target of $27.50.
Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Jeffrey Brown purchased 2,764 shares of the company's stock in a transaction dated Tuesday, October 27th. The stock was purchased at an average price of $17.01 per share, for a total transaction of $47,015.64. Following the transaction, the director directly owned 98,898 shares in the company, valued at approximately $1,682,254.98. This trade represents a 2.88% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Upbound Group Trading Up 18.2%
UPBD opened at $19.98 on Friday. Upbound Group, Inc. has a twelve month low of $14.98 and a twelve month high of $23.98. The company has a quick ratio of 0.97, a current ratio of 3.22 and a debt-to-equity ratio of 1.94. The company has a fifty day moving average of $17.19 and a 200-day moving average of $18.87. The stock has a market cap of $1.16 billion, a PE ratio of 12.97 and a beta of 1.78.
Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.10. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. Upbound Group's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. On average, sell-side analysts predict that Upbound Group, Inc. will post 4.20 EPS for the current year.
Upbound Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 7.8%. Upbound Group's dividend payout ratio (DPR) is 101.30%.
Wall Street Analysts Forecast Growth
UPBD has been the topic of several research analyst reports. TD Cowen cut their target price on Upbound Group from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Tuesday, October 6th. Wall Street Zen downgraded Upbound Group from a "buy" rating to a "hold" rating in a report on Saturday, October 24th. Weiss Ratings cut Upbound Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, September 21st. 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. Finally, Zacks Research raised shares of Upbound Group from a "strong sell" rating to a "hold" rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.50.
Get Our Latest Report on Upbound Group
Trending Headlines about Upbound Group
Here are the key news stories impacting Upbound Group this week:
- Positive Sentiment: Quarterly earnings and revenue beat estimates: Upbound reported earnings of $1.01 per share, ahead of consensus estimates ranging from $0.89 to $0.91. Revenue of $1.15 billion also exceeded expectations of approximately $1.12 billion. Upbound Group Tops Q3 Earnings and Revenue Estimates
- Positive Sentiment: Strong investor-relevant profitability: Earnings increased from $1.00 per share in the year-earlier quarter, while the company reported a 34.53% return on equity. The results suggest continued earnings resilience despite a challenging revenue environment. Upbound Group Third Quarter Earnings Report
- Positive Sentiment: Insider buying provides a confidence signal: Director Jeffrey Brown purchased 2,764 shares for approximately $47,016, increasing his direct stake by 2.88%. While not a guarantee of future performance, the purchase may reinforce sentiment following the earnings report. Jeffrey Brown Insider Transaction
- Neutral Sentiment: Management highlighted cash, growth and risks: The Q3 earnings call focused on the company’s cash position and growth opportunities, while also acknowledging risks that could affect future results. Investors will likely look for additional detail on the company’s outlook and execution. Upbound Group Earnings Call Highlights
- Negative Sentiment: Revenue declined year over year: Quarterly revenue fell 1.3% from the prior-year period, indicating that the earnings outperformance was not accompanied by top-line growth. Continued revenue pressure could limit the durability of the stock’s positive reaction.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in UPBD. BlackRock Inc. acquired a new position in shares of Upbound Group during the second quarter worth approximately $194,216,000. Dimensional Fund Advisors LP lifted its holdings in shares of Upbound Group by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company's stock worth $43,227,000 after purchasing an additional 327,203 shares in the last quarter. Ieq Capital LLC acquired a new stake in Upbound Group in the 2nd quarter valued at $37,565,000. Bank of New York Mellon Corp acquired a new stake in Upbound Group in the 2nd quarter valued at $18,862,000. Finally, Pacer Advisors Inc. acquired a new stake in Upbound Group in the 1st quarter valued at $7,455,000. Institutional investors own 90.30% of the company's stock.
Upbound Group Company Profile
(
Get Free Report)
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.
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