Fahmi Karam Acquires 11,500 Shares of Upbound Group, Inc. (NASDAQ:UPBD) Stock

Upbound Group, Inc. (NASDAQ:UPBD) CFO Fahmi Karam acquired 11,500 shares of Upbound Group stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the purchase, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Upbound Group Stock Up 0.0 %

UPBD stock opened at $25.82 on Tuesday. The company has a 50 day moving average of $28.55 and a two-hundred day moving average of $30.31. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 11.68 and a beta of 2.01. Upbound Group, Inc. has a 12-month low of $24.15 and a 12-month high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. On average, equities analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Upbound Group

Institutional investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in Upbound Group in the fourth quarter worth approximately $25,000. Covestor Ltd grew its position in Upbound Group by 268.8% in the third quarter. Covestor Ltd now owns 1,136 shares of the company’s stock worth $37,000 after acquiring an additional 828 shares in the last quarter. Blue Trust Inc. grew its position in Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock worth $73,000 after acquiring an additional 705 shares in the last quarter. Quarry LP increased its stake in shares of Upbound Group by 374.3% during the 3rd quarter. Quarry LP now owns 3,282 shares of the company’s stock worth $105,000 after purchasing an additional 2,590 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings 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 valued at $110,000 after purchasing an additional 429 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UPBD shares. Loop Capital cut their price target on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Stephens began coverage on Upbound Group in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock. Finally, TD Cowen raised Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.00.

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.