Price T Rowe Associates Inc. MD Purchases 3,839 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Price T Rowe Associates Inc. MD boosted its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,890 shares of the company’s stock after acquiring an additional 3,839 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.12% of Upbound Group worth $1,982,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UPBD. New York State Teachers Retirement System grew its stake in shares of Upbound Group by 0.4% in the fourth quarter. New York State Teachers Retirement System now owns 80,938 shares of the company’s stock valued at $2,361,000 after buying an additional 360 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Upbound Group by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock worth $110,000 after purchasing an additional 429 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Upbound Group by 2.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 26,498 shares of the company’s stock valued at $773,000 after purchasing an additional 616 shares during the last quarter. Blue Trust Inc. grew its holdings in Upbound Group by 45.0% during the fourth 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 period. Finally, Inspire Investing LLC lifted its position in shares of Upbound Group by 6.3% in the fourth quarter. Inspire Investing LLC now owns 13,798 shares of the company’s stock valued at $402,000 after buying an additional 818 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UPBD shares. Raymond James restated an “outperform” rating and issued a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Loop Capital lowered their target price on Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.60.

Upbound Group Stock Down 0.8 %

NASDAQ UPBD opened at $23.14 on Thursday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 10.47 and a beta of 1.77. Upbound Group, Inc. has a 1-year low of $19.69 and a 1-year high of $38.72. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The company has a 50 day moving average of $22.91 and a 200-day moving average of $27.80.

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

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend was Wednesday, April 2nd. Upbound Group’s dividend payout ratio is presently 73.24%.

Insider Activity

In other news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $25.82 per share, with a total value of $296,930.00. Following the acquisition, the chief financial officer now directly owns 164,672 shares in the company, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey J. Brown purchased 21,730 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $23.75 per share, with a total value of $516,087.50. Following the completion of the transaction, the director now owns 21,730 shares in the company, valued at approximately $516,087.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 34,924 shares of company stock worth $846,711. Insiders own 2.70% of the company’s stock.

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.