Upbound Group (NASDAQ:UPBD) Director Molly Langenstein Buys 2,186 Shares of Stock

Upbound Group, Inc. (NASDAQ:UPBD) Director Molly Langenstein purchased 2,186 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average cost of $22.91 per share, with a total value of $50,081.26. Following the completion of the acquisition, the director directly owned 2,186 shares of the company’s stock, valued at $50,081.26. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upbound Group Stock Performance

Shares of Upbound Group stock opened at $24.14 on Thursday. The company has a quick ratio of 0.97, a current ratio of 3.17 and a debt-to-equity ratio of 1.80. Upbound Group, Inc. has a 52 week low of $14.98 and a 52 week high of $24.30. The firm’s 50 day moving average is $17.48 and its two-hundred day moving average is $18.93. The firm has a market capitalization of $1.41 billion, a P/E ratio of 5.39 and a beta of 1.80.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.10. Upbound Group had a net margin of 2.36% and a return on equity of 33.81%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. Research analysts forecast that Upbound Group, Inc. will post 4.22 EPS for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Investors of record on Tuesday, October 6th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.5%. The ex-dividend date was Tuesday, October 6th. Upbound Group’s dividend payout ratio (DPR) is currently 82.11%.

Hedge Funds Weigh In On Upbound Group

A number of hedge funds and other institutional investors have recently made changes to their positions in UPBD. IFP Advisors Inc increased its position in Upbound Group by 299.3% in the 2nd quarter. IFP Advisors Inc now owns 1,214 shares of the company’s stock valued at $26,000 after acquiring an additional 910 shares during the period. Quantbot Technologies LP acquired a new stake in Upbound Group during the 2nd quarter worth approximately $46,000. Signaturefd LLC lifted its position in Upbound Group by 74.5% during the 3rd quarter. Signaturefd LLC now owns 3,050 shares of the company’s stock worth $48,000 after acquiring an additional 1,302 shares during the period. Allworth Financial LP acquired a new stake in Upbound Group during the 2nd quarter worth approximately $50,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Upbound Group by 49.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock valued at $67,000 after purchasing an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Friday, July 31st. Zacks Research raised Upbound Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. TD Cowen decreased their price objective on Upbound Group from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 30th. Finally, Weiss Ratings lowered shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Key Stories Impacting Upbound Group

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

• Positive Sentiment: Six directors and executives bought a combined approximately $1.24 million of UPBD shares on November 2–3, at prices ranging from $22.61 to $23.00. Several increased their holdings materially, a notable signal of insider confidence, though insider purchases alone do not guarantee future performance. SEC filing SEC filing SEC filing SEC filing SEC filing SEC filing
• Positive Sentiment: Recent quarterly results also provide support: Upbound reported EPS of $1.01, above the $0.91 consensus, and revenue of $1.15 billion, ahead of estimates. Revenue was still down 1.3% year over year. Zacks also highlighted UPBD as a long-term growth-stock candidate, though the article provides a broad stock-selection perspective rather than a new company-specific catalyst. Zacks article
• Negative Sentiment: A report says Upbound’s consensus price target fell 22.36% to MX$410.79, suggesting reduced analyst expectations. The quoted target is in Mexican pesos, so it is not directly comparable with UPBD’s U.S.-dollar share price. Price target article

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.