Jeffrey J. Brown Purchases 21,730 Shares of Upbound Group, Inc. (NASDAQ:UPBD) Stock

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) Director Jeffrey J. Brown acquired 21,730 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $23.75 per share, with a total value of $516,087.50. Following the acquisition, the director now owns 21,730 shares in the company, valued at approximately $516,087.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Upbound Group Stock Up 10.2%

Shares of Upbound Group stock traded up $2.42 during trading hours on Monday, reaching $26.08. The company's stock had a trading volume of 702,828 shares, compared to its average volume of 506,757. The company has a market capitalization of $1.51 billion, a P/E ratio of 11.80 and a beta of 1.77. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. Upbound Group, Inc. has a one year low of $19.69 and a one year high of $38.72. The stock's fifty day simple moving average is $22.88 and its two-hundred day simple moving average is $27.74.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.98%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's dividend payout ratio is currently 73.24%.

Hedge Funds Weigh In On Upbound Group

Several large investors have recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Upbound Group during the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC increased its stake in shares of 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 purchasing an additional 491 shares in the last quarter. CWM LLC increased its stake in Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after buying an additional 493 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Upbound Group by 45.0% during the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after purchasing an additional 705 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UPBD. Loop Capital reduced their target price on Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $35.00 target price (down from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.60.

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.