Upbound Group’s (UPBD) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Upbound Group (NASDAQ:UPBD) in a report released on Friday morning,Weiss Ratings reports.

UPBD has been the topic of several other reports. BTIG Research restated 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 upgraded shares of 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, Wall Street Zen cut shares of Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $37.25.

Upbound Group Stock Down 0.0%

UPBD opened at $22.73 on Friday. The firm has a 50-day simple moving average of $24.08 and a two-hundred day simple moving average of $23.84. Upbound Group has a 52 week low of $19.65 and a 52 week high of $36.00. The company has a market capitalization of $1.32 billion, a PE ratio of 12.77 and a beta of 1.77. 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 (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Analysts forecast that Upbound Group will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Upbound Group’s dividend payout ratio is 87.64%.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,951 shares of Upbound Group stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average cost of $22.27 per share, with a total value of $43,448.77. Following the transaction, the director directly owned 90,965 shares of the company’s stock, valued at $2,025,790.55. This trade represents a 2.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ralph T. Montrone sold 6,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the sale, the executive vice president directly owned 49,123 shares in the company, valued at $1,239,373.29. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

Institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC increased its position in shares of Upbound Group by 59.9% during the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock worth $31,000 after acquiring an additional 491 shares during the period. CWM LLC increased its position in shares of Upbound Group by 35.5% during the first quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $45,000 after acquiring an additional 493 shares during the period. Security National Bank purchased a new position in shares of Upbound Group during the third quarter worth approximately $57,000. GAMMA Investing LLC increased its position in shares of Upbound Group by 414.1% during the second quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock worth $66,000 after acquiring an additional 2,108 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Upbound Group by 179.4% during the first quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock worth $94,000 after acquiring an additional 2,512 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

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.