Upbound Group (NASDAQ:UPBD) EVP Halim Khouri Acquires 11,000 Shares of Company Stock

Key Points

• EVP Halim Khouri bought 11,000 shares at an average price of $22.78, increasing his stake by 10.59%. Six Upbound insiders purchased shares around Nov. 2–3, with combined buying totaling about $1.24 million.
• Upbound reported quarterly EPS of $1.01, beating the $0.91 consensus, and revenue of $1.15 billion, above estimates; revenue was down 1.3% year over year.
• The company’s quarterly dividend of $0.39 equates to $1.56 annually and a reported 6.5% yield. Analysts’ consensus rating was “Hold,” with a $27 price target.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) EVP Halim Khouri purchased 11,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $22.78 per share, for a total transaction of $250,580.00. Following the completion of the transaction, the executive vice president owned 114,854 shares in the company, valued at approximately $2,616,374.12. This represents a 10.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Upbound Group Stock Performance

Upbound Group stock traded up $1.68 during mid-day trading on Wednesday, reaching $24.14. The company's stock had a trading volume of 1,834,245 shares, compared to its average volume of 944,464. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 12.71 and a beta of 1.80. The business has a 50 day moving average price of $17.38 and a 200-day moving average price of $18.91. The company has a current ratio of 3.17, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80. Upbound Group, Inc. has a twelve month low of $14.98 and a twelve month high of $24.30.

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

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Tuesday, October 6th were issued 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 6.5%. Upbound Group's payout ratio is 82.11%.

Key Headlines Impacting Upbound Group

Here are the key news stories impacting Upbound Group this week:

• Positive Sentiment: Six insiders bought shares on November 2–3: directors Molly Langenstein, Jeffrey Brown and Glenn P. Marino, and EVPs Balaji Kumar, Rebecca Wooters and Halim Khouri. Their purchases totaled about $1.24 million; several increased their individual holdings by double-digit percentages. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Zacks described UPBD as a potential long-term growth stock based on its Style Scores, offering a favorable characterization, though the article entry provides no specific forecasts or new company results. Zacks article
• Negative Sentiment: A recent report said Upbound’s consensus price target fell 22.36% to MX$410.79, signaling weaker analyst expectations; the cited figure is in Mexican pesos. Price target report

Institutional Investors Weigh In On Upbound Group

Hedge funds have recently made changes to their positions in the business. Hohimer Wealth Management LLC bought a new position in Upbound Group in the 3rd quarter worth approximately $158,000. One Way Holdings LLC acquired a new stake in Upbound Group in the 3rd quarter valued at approximately $5,610,000. Vise Technologies Inc. bought a new stake in Upbound Group during the 3rd quarter valued at $172,000. Summit Global Investments raised its stake in Upbound Group by 5.3% during the 3rd quarter. Summit Global Investments now owns 38,648 shares of the company's stock valued at $607,000 after acquiring an additional 1,948 shares in the last quarter. Finally, State of Wyoming acquired a new position in Upbound Group during the 3rd quarter worth $231,000. Institutional investors own 90.30% of the company's stock.

Analyst Upgrades and Downgrades

UPBD has been the topic of several research reports. Wall Street Zen lowered shares of Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Weiss Ratings downgraded Upbound Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, September 21st. Zacks Research raised Upbound Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 28th. BTIG Research cut Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price target on the stock. in a research report on Friday, July 31st. Finally, TD Cowen dropped their target price on Upbound Group from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $27.00.

Upbound Group Company Profile

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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