Vanguard Group Inc. Grows Stock Holdings in Upbound Group, Inc. $UPBD

Vanguard Group Inc. lifted its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,025,821 shares of the company’s stock after buying an additional 244,746 shares during the quarter. Vanguard Group Inc. owned approximately 12.15% of Upbound Group worth $168,339,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC lifted its stake in shares of Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after buying an additional 491 shares in the last quarter. CWM LLC grew its stake in Upbound Group by 35.5% during the first quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after acquiring an additional 493 shares in the last quarter. Palouse Capital Management Inc. grew its stake in Upbound Group by 64.3% during the first quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company’s stock valued at $159,000 after acquiring an additional 2,592 shares in the last quarter. Freestone Grove Partners LP purchased a new position in Upbound Group during the fourth quarter valued at $221,000. Finally, Crestline Management LP purchased a new position in Upbound Group during the fourth quarter valued at $230,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Upbound Group Price Performance

Upbound Group stock opened at $24.04 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 13.51 and a beta of 1.74. The firm’s fifty day moving average is $24.36 and its 200 day moving average is $24.44. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. Upbound Group, Inc. has a 52-week low of $19.65 and a 52-week high of $36.00.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. Upbound Group’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Sell-side analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th 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 of this dividend was Tuesday, June 17th. Upbound Group’s payout ratio is presently 87.64%.

Analyst Upgrades and Downgrades

UPBD has been the subject of several research analyst reports. Wall Street Zen cut shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Raymond James Financial reaffirmed an “outperform” rating and set a $35.00 target price (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Upbound Group has an average rating of “Moderate Buy” and an average price target of $34.50.

Insider Buying and Selling

In other news, Director Jeffrey J. Brown acquired 1,653 shares of the company’s stock in a transaction on Tuesday, July 8th. The stock was bought at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the purchase, the director directly owned 89,400 shares of the company’s stock, valued at $2,315,460. This represents a 1.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by insiders.

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.