Insider Buying: Upbound Group, Inc. (NASDAQ:UPBD) Director Purchases 1,653 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Jeffrey J. Brown purchased 1,653 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 8th. The stock was acquired at an average cost of $25.90 per share, with a total value of $42,812.70. Following the transaction, the director owned 89,400 shares in the company, valued at $2,315,460. This trade represents a 1.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Upbound Group Stock Up 0.5%

NASDAQ UPBD traded up $0.14 during mid-day trading on Wednesday, hitting $26.34. The company's stock had a trading volume of 728,960 shares, compared to its average volume of 536,465. The company's 50 day simple moving average is $24.68 and its 200 day simple moving average is $25.62. Upbound Group, Inc. has a twelve month low of $19.69 and a twelve month high of $38.72. The company has a current ratio of 3.12, a quick ratio of 0.80 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.37 and a beta of 1.74.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. Upbound Group had a net margin of 2.74% and a return on equity of 36.30%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. Analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend was Tuesday, June 17th. Upbound Group's dividend payout ratio is 73.24%.

Analyst Ratings Changes

Separately, Raymond James Financial reissued an "outperform" rating and issued a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.50.

Hedge Funds Weigh In On Upbound Group

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Upbound Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company's stock worth $168,339,000 after acquiring an additional 244,746 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Upbound Group by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock worth $67,913,000 after purchasing an additional 92,766 shares during the period. LSV Asset Management raised its stake in shares of Upbound Group by 7.3% during the 1st quarter. LSV Asset Management now owns 1,689,151 shares of the company's stock worth $40,472,000 after purchasing an additional 114,328 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Upbound Group by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,051,636 shares of the company's stock worth $25,197,000 after purchasing an additional 77,450 shares during the period. Finally, Huber Capital Management LLC raised its stake in shares of Upbound Group by 10.9% during the 1st quarter. Huber Capital Management LLC now owns 949,055 shares of the company's stock worth $22,739,000 after purchasing an additional 92,908 shares during the period. 90.30% of the stock is owned by hedge funds and other 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.