Insider Buying: Upbound Group (NASDAQ:UPBD) Director Acquires 2,186 Shares of Stock

Key Points

  • Insider buying: EVP Halim Khouri purchased 11,000 shares for $250,580 at an average price of $22.78, increasing his direct stake by 10.59% to 114,854 shares.
  • Quarterly results beat estimates: Upbound reported EPS of $1.01 versus the $0.91 consensus and revenue of $1.15 billion versus $1.12 billion expected, although revenue fell 1.3% year over year.
  • Analysts’ consensus rating is Hold, with a $27 average price target. The company’s quarterly dividend annualizes to $1.56 per share, a stated yield of 6.5%.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Molly Langenstein acquired 2,186 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average price of $22.91 per share, for a total transaction of $50,081.26. Following the completion of the transaction, the director owned 2,186 shares in the company, valued at $50,081.26. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Upbound Group Stock Up 7.5%

Shares of Upbound Group stock opened at $24.14 on Thursday. The company has a market cap of $1.41 billion, a P/E ratio of 5.39 and a beta of 1.80. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 3.17. Upbound Group, Inc. has a one year low of $14.98 and a one year high of $24.30. The firm has a fifty day moving average of $17.48 and a two-hundred day moving average of $18.93.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.91 by $0.10. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The business's revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. On average, analysts forecast that Upbound Group, Inc. will post 4.22 earnings per share for the current year.

Upbound Group Announces Dividend




The company also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, October 6th. Upbound Group's dividend payout ratio is currently 82.11%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on Upbound Group

Key Headlines Impacting 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 shares on November 2–3, at prices ranging from $22.61 to $23.00. Several increased their holdings materially, a notable signal of insider confidence, though insider purchases alone do not guarantee future performance. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
  • Positive Sentiment: Recent quarterly results also provide support: Upbound reported EPS of $1.01, above the $0.91 consensus, and revenue of $1.15 billion, ahead of estimates. Revenue was still down 1.3% year over year. Zacks also highlighted UPBD as a long-term growth-stock candidate, though the article provides a broad stock-selection perspective rather than a new company-specific catalyst. Zacks article
  • Negative Sentiment: A report says Upbound’s consensus price target fell 22.36% to MX$410.79, suggesting reduced analyst expectations. The quoted target is in Mexican pesos, so it is not directly comparable with UPBD’s U.S.-dollar share price. Price target article

Hedge Funds Weigh In On Upbound Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position 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 in the last quarter. Quantbot Technologies LP acquired a new stake in Upbound Group in the second quarter valued at $46,000. Signaturefd LLC increased its position in shares of Upbound Group by 74.5% in the third quarter. Signaturefd LLC now owns 3,050 shares of the company's stock valued at $48,000 after buying an additional 1,302 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Upbound Group in the second quarter valued at $50,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Upbound Group by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company's stock valued at $67,000 after buying an additional 1,226 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

About Upbound Group

(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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