Jeffrey Brown Acquires 1,951 Shares of Upbound Group (NASDAQ:UPBD) Stock

Key Points

• Jeffrey Brown, a director at Upbound Group, acquired 1,951 shares at an average price of $22.27 each, totaling about $43,448.77, resulting in a 2.19% increase in his position.
• Upbound Group reported earnings of $1.12 per share for the latest quarter, surpassing analysts' expectations of $1.05, with revenue growth of 7.5% year-over-year.
• The company announced a quarterly dividend of $0.39 per share, amounting to an annualized dividend of $1.56, representing a dividend yield of 6.8%.

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Jeffrey Brown acquired 1,951 shares of the business's stock in a transaction on Tuesday, October 21st. The shares were bought at an average cost of $22.27 per share, for a total transaction of $43,448.77. Following the acquisition, the director owned 90,965 shares of the company's stock, valued at $2,025,790.55. This represents a 2.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Upbound Group Stock Up 2.1%

UPBD stock traded up $0.48 during midday trading on Thursday, reaching $22.97. 233,861 shares of the company were exchanged, compared to its average volume of 610,026. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. Upbound Group, Inc. has a 1-year low of $19.65 and a 1-year high of $36.00. The stock's 50-day simple moving average is $24.10 and its 200 day simple moving average is $23.79. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 12.89 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter last year, the company earned $1.04 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, equities analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.8%. Upbound Group's dividend payout ratio (DPR) is 87.64%.

Hedge Funds Weigh In On Upbound Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. TD Private Client Wealth LLC grew its position in Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock valued at $31,000 after buying an additional 491 shares during the last quarter. CWM LLC grew its position in Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock valued at $45,000 after buying an additional 493 shares during the last quarter. Security National Bank purchased a new position in Upbound Group in the 3rd quarter valued at $57,000. GAMMA Investing LLC grew its position in Upbound Group by 414.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,617 shares of the company's stock valued at $66,000 after buying an additional 2,108 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Upbound Group in the 2nd quarter valued at $95,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UPBD has been the topic of a number of research reports. Wall Street Zen lowered shares of Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. BTIG Research restated a "buy" rating and set a $40.00 target price on shares of Upbound Group in a research report on Tuesday, September 16th. Weiss Ratings restated a "hold (c)" rating on shares of Upbound Group in a research report on Wednesday, October 8th. Finally, Loop Capital upgraded shares of Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $37.25.

Upbound Group Company Profile

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.

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