State of Alaska Department of Revenue Acquires 2,356 Shares of Upbound Group, Inc. $UPBD

State of Alaska Department of Revenue grew its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,657 shares of the company’s stock after buying an additional 2,356 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of Upbound Group worth $769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. TD Private Client Wealth LLC boosted its holdings 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 worth $31,000 after buying an additional 491 shares in the last quarter. CWM LLC boosted its holdings in shares of Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $45,000 after buying an additional 493 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Upbound Group by 3.9% during the 1st quarter. Inspire Investing LLC now owns 14,338 shares of the company’s stock worth $344,000 after buying an additional 540 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Upbound Group by 2.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company’s stock worth $577,000 after buying an additional 600 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Upbound Group by 10.0% during the 1st quarter. Walleye Capital LLC now owns 9,819 shares of the company’s stock worth $235,000 after buying an additional 893 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UPBD shares. Wall Street Zen raised Upbound Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. BTIG Research reaffirmed a “buy” rating and set a $40.00 target price on shares of Upbound Group in a research report on Tuesday, September 16th. Loop Capital raised Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Upbound Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.25.

Upbound Group Trading Down 3.1%

NASDAQ UPBD opened at $22.03 on Tuesday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.38 and a beta of 1.77. The business has a fifty day simple moving average of $24.24 and a 200 day simple moving average of $23.98. Upbound Group, Inc. has a 12 month low of $19.65 and a 12 month high of $36.00. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29.

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

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Tuesday, September 30th. Upbound Group’s dividend payout ratio is 87.64%.

Insider Transactions at Upbound Group

In other Upbound Group news, EVP Ralph T. Montrone sold 6,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the executive vice president owned 49,123 shares in the company, valued at $1,239,373.29. This represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

Upbound Group 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.