Kendall Capital Management Purchases Shares of 58,130 Upbound Group, Inc. $UPBD

Kendall Capital Management acquired a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 58,130 shares of the company’s stock, valued at approximately $1,234,000. Kendall Capital Management owned 0.10% of Upbound Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPBD. BlackRock Inc. bought a new position in shares of Upbound Group in the second quarter valued at about $194,216,000. Vanguard Group Inc. boosted its holdings in shares of Upbound Group by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 7,132,443 shares of the company’s stock worth $125,246,000 after buying an additional 231,293 shares during the period. State Street Corp grew its stake in Upbound Group by 11.4% in the 4th quarter. State Street Corp now owns 2,410,524 shares of the company’s stock valued at $43,220,000 after buying an additional 246,146 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Upbound Group by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company’s stock valued at $43,227,000 after buying an additional 327,203 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in Upbound Group in the 2nd quarter valued at about $37,565,000. 90.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 2,295 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of $20.09 per share, for a total transaction of $46,106.55. Following the completion of the transaction, the director owned 96,681 shares in the company, valued at approximately $1,942,321.29. This represents a 2.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

Upbound Group Trading Up 1.4%

UPBD stock opened at $18.80 on Friday. Upbound Group, Inc. has a 52 week low of $15.82 and a 52 week high of $28.02. The company has a market capitalization of $1.10 billion, a PE ratio of 12.21 and a beta of 1.79. The company’s 50-day simple moving average is $20.09 and its 200 day simple moving average is $19.41. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations 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 was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts anticipate that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 8.3%. Upbound Group’s dividend payout ratio (DPR) is currently 101.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UPBD shares. Wall Street Zen downgraded shares of Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a research report on Wednesday, June 24th. BTIG Research lowered 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. Zacks Research cut Upbound Group from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, TD Cowen reduced their price target on Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.67.

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