Key Points
- EVP Scott Young bought 6,015 Upbound Group shares at an average price of $24.95, investing about $150,074; the purchase was disclosed in an SEC filing.
- Upbound beat quarterly earnings and revenue expectations, reporting EPS of $1.01 versus a $0.91 consensus and revenue of $1.15 billion versus $1.12 billion expected. Revenue was down 1.3% year over year.
- Analysts’ consensus rating is Hold, with an average price target of $27. The company’s annualized dividend is $1.56 per share, a yield of about 6.3%.
Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) EVP Scott Young purchased 6,015 shares of the company's stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of $24.95 per share, for a total transaction of $150,074.25. Following the completion of the purchase, the executive vice president directly owned 6,015 shares of the company's stock, valued at $150,074.25. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Upbound Group Price Performance
Shares of NASDAQ:UPBD opened at $24.66 on Wednesday. The company has a current ratio of 3.17, a quick ratio of 0.95 and a debt-to-equity ratio of 1.80. Upbound Group, Inc. has a 1 year low of $14.98 and a 1 year high of $25.29. The business has a fifty day simple moving average of $17.92 and a 200 day simple moving average of $19.03. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 5.92 and a beta of 1.80.
Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.10. Upbound Group had a return on equity of 33.81% and a net margin of 2.36%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Upbound Group, Inc. will post 4.22 earnings per share for the current fiscal year.
Upbound Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were issued a $0.39 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 6.3%. Upbound Group's dividend payout ratio is currently 82.11%.
Institutional Investors Weigh In On Upbound Group
Several hedge funds and other institutional investors have recently modified their holdings of UPBD. Hudson Portfolio Management LLC bought a new stake in Upbound Group in the 3rd quarter valued at $203,000. Landscape Capital Management L.L.C. grew its position in Upbound Group by 69.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 243,424 shares of the company's stock worth $3,822,000 after purchasing an additional 99,832 shares during the last quarter. Clark Estates Inc. NY grew its position in Upbound Group by 10.6% in the 3rd quarter. Clark Estates Inc. NY now owns 125,000 shares of the company's stock worth $1,962,000 after purchasing an additional 12,000 shares during the last quarter. Public Sector Pension Investment Board grew its position in Upbound Group by 63.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 294,503 shares of the company's stock worth $4,532,000 after purchasing an additional 114,219 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Upbound Group by 52.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 5,044 shares of the company's stock worth $79,000 after purchasing an additional 1,734 shares during the period. Institutional investors and hedge funds own 90.30% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on UPBD. Zacks Research raised Upbound Group from a "strong sell" rating to a "hold" rating in a research report on Monday, September 28th. Weiss Ratings downgraded Upbound Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, September 21st. TD Cowen dropped their price target on shares of Upbound Group from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. BTIG Research lowered shares of Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 target price for the company. in a research report on Friday, July 31st. Finally, Wall Street Zen cut Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Upbound Group has a consensus rating of "Hold" and an average target price of $27.00.
View Our Latest Research Report on UPBD
Upbound Group Company Profile
(
Get Free Report)
Upbound Group, Inc. provides lease-to-own and retail services through brands including Rent-A-Center and Acima. Its offerings let customers obtain merchandise through flexible payment arrangements, with the option to own items after completing the required payments. The company's products include furniture, appliances, electronics, computers and smartphones. Rent-A-Center serves customers through company-operated stores and franchise locations, while Acima provides lease-to-own options through participating retail partners and online channels.
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