Upbound Group, Inc. (NASDAQ:UPBD) EVP Sells $487,200.00 in Stock

Upbound Group, Inc. (NASDAQ:UPBD) EVP Ralph T. Montrone sold 15,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the completion of the sale, the executive vice president now owns 40,074 shares in the company, valued at $1,301,603.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Upbound Group Price Performance

Shares of NASDAQ:UPBD opened at $32.43 on Friday. The business has a fifty day simple moving average of $32.38 and a 200-day simple moving average of $32.67. Upbound Group, Inc. has a 52 week low of $25.00 and a 52 week high of $38.72. The company has a market cap of $1.77 billion, a P/E ratio of -70.50 and a beta of 2.02. The company has a quick ratio of 0.72, a current ratio of 3.49 and a debt-to-equity ratio of 2.21.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. Equities research analysts forecast that Upbound Group, Inc. will post 3.74 EPS for the current year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were issued a $0.37 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.56%. Upbound Group’s dividend payout ratio (DPR) is presently -321.74%.

Institutional Trading of Upbound Group

Several institutional investors have recently made changes to their positions in the stock. Raymond James & Associates boosted its holdings in Upbound Group by 29.6% in the fourth quarter. Raymond James & Associates now owns 74,603 shares of the company’s stock valued at $2,534,000 after acquiring an additional 17,042 shares during the last quarter. Wakefield Asset Management LLLP grew its holdings in shares of Upbound Group by 10.9% during the 4th quarter. Wakefield Asset Management LLLP now owns 25,241 shares of the company’s stock worth $858,000 after purchasing an additional 2,482 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Upbound Group during the 4th quarter worth approximately $758,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Upbound Group by 16.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,539 shares of the company’s stock valued at $392,000 after buying an additional 1,644 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in Upbound Group during the fourth quarter valued at approximately $68,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UPBD has been the subject of several analyst reports. BTIG Research started coverage on shares of Upbound Group in a research note on Friday, June 7th. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group lowered their price target on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

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.