Wellington Management Group LLP Reduces Stock Position in Upbound Group, Inc. $UPBD

Wellington Management Group LLP trimmed its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,104,571 shares of the company’s stock after selling 151,509 shares during the period. Wellington Management Group LLP’s holdings in Upbound Group were worth $23,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of Upbound Group by 249.0% in the 1st quarter. Sei Investments Co. now owns 244,848 shares of the company’s stock worth $4,419,000 after purchasing an additional 174,682 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Upbound Group in the 1st quarter worth approximately $1,153,000. Landscape Capital Management L.L.C. bought a new stake in Upbound Group in the second quarter valued at $3,047,000. Kendall Capital Management bought a new stake in Upbound Group in the 2nd quarter valued at about $1,234,000. Finally, Principal Financial Group Inc. boosted its stake in Upbound Group by 22.2% during the 1st quarter. Principal Financial Group Inc. now owns 303,918 shares of the company’s stock valued at $5,486,000 after purchasing an additional 55,199 shares during the period. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Upbound Group Stock Performance

Shares of UPBD opened at $18.98 on Friday. The firm has a market capitalization of $1.11 billion, a PE ratio of 12.32 and a beta of 1.77. The company has a quick ratio of 0.97, a current ratio of 3.22 and a debt-to-equity ratio of 1.94. The firm has a 50-day moving average price of $20.11 and a 200 day moving average price of $19.33. Upbound Group, Inc. has a 52-week low of $15.82 and a 52-week high of $28.02.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. On average, sell-side analysts anticipate that Upbound Group, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen decreased their target price on shares of Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded Upbound Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Zacks Research lowered Upbound Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, BTIG Research downgraded Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Upbound Group currently has an average rating of “Hold” and an average price target of $30.67.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey Brown purchased 2,295 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of $20.09 per share, with a total value of $46,106.55. Following the acquisition, the director owned 96,681 shares of the company’s stock, valued at $1,942,321.29. The trade was a 2.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Anthony Blasquez sold 10,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total value of $188,500.00. Following the sale, the executive vice president owned 43,717 shares of the company’s stock, valued at $824,065.45. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% of the company’s stock.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.