Upbound Group, Inc. (NASDAQ:UPBD – Get Free Report) Director Jeffrey J. Brown purchased 991 shares of Upbound Group stock in a transaction dated Monday, April 22nd. The stock was bought at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the transaction, the director now directly owns 83,138 shares of the company’s stock, valued at $2,550,673.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Upbound Group Trading Up 1.5 %
Shares of NASDAQ UPBD opened at $32.41 on Friday. The business’s 50-day simple moving average is $33.02 and its 200-day simple moving average is $31.81. Upbound Group, Inc. has a 52 week low of $25.00 and a 52 week high of $36.17. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.12 and a quick ratio of 0.65.
Upbound Group (NASDAQ:UPBD – Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.27 million. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, analysts forecast that Upbound Group, Inc. will post 3.76 earnings per share for the current fiscal year.
Upbound Group Announces Dividend
Institutional Investors Weigh In On Upbound Group
Several hedge funds and other institutional investors have recently modified their holdings of UPBD. Qube Research & Technologies Ltd bought a new stake in Upbound Group in the 3rd quarter valued at $1,760,000. Swiss National Bank bought a new stake in shares of Upbound Group in the third quarter valued at about $3,078,000. Invesco Ltd. acquired a new stake in Upbound Group during the third quarter worth about $14,154,000. Vanguard Group Inc. bought a new position in Upbound Group during the third quarter valued at about $170,877,000. Finally, New York State Common Retirement Fund acquired a new position in Upbound Group in the 3rd quarter valued at approximately $705,000. Institutional investors and hedge funds own 90.30% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. KeyCorp boosted their price target on shares of Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. TD Cowen assumed coverage on Upbound Group in a research note on Friday, March 8th. They set an “outperform” rating and a $43.00 price target for the company. Finally, Stephens raised Upbound Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $38.17.
Get Our Latest Stock Analysis on UPBD
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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