Upbound Group, Inc. (NASDAQ:UPBD) EVP Transient C. Taylor Sells 15,127 Shares

Upbound Group, Inc. (NASDAQ:UPBD) EVP Transient C. Taylor sold 15,127 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the transaction, the executive vice president now owns 14,651 shares in the company, valued at $498,134. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Upbound Group Stock Down 0.1 %

UPBD opened at $33.30 on Friday. The company has a quick ratio of 0.84, a current ratio of 3.96 and a debt-to-equity ratio of 2.21. The company has a market cap of $1.82 billion, a PE ratio of -72.39 and a beta of 2.02. The business has a 50 day moving average price of $32.38 and a two-hundred day moving average price of $32.50. Upbound Group, Inc. has a 52 week low of $25.00 and a 52 week high of $38.72.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $1.11 EPS. The business’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts anticipate that Upbound Group, Inc. will post 3.81 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, June 18th. Upbound Group’s payout ratio is -321.74%.

Institutional Trading of Upbound Group

Several hedge funds have recently modified their holdings of UPBD. Vanguard Group Inc. grew its holdings in Upbound Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company’s stock worth $211,453,000 after acquiring an additional 209,422 shares during the period. Ieq Capital LLC increased its holdings in shares of Upbound Group by 112.7% in the 2nd quarter. Ieq Capital LLC now owns 4,827,021 shares of the company’s stock valued at $148,190,000 after purchasing an additional 2,557,906 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Upbound Group by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,148,331 shares of the company’s stock valued at $72,981,000 after purchasing an additional 62,832 shares in the last quarter. LSV Asset Management lifted its stake in shares of Upbound Group by 43.0% in the first quarter. LSV Asset Management now owns 1,693,695 shares of the company’s stock valued at $59,635,000 after purchasing an additional 509,343 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Upbound Group by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 761,765 shares of the company’s stock worth $23,386,000 after buying an additional 15,219 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on UPBD shares. BTIG Research started coverage on shares of Upbound Group in a report on Friday, June 7th. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group dropped their price objective on Upbound Group from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.