LSV Asset Management Purchases 352,264 Shares of Upbound Group, Inc. $UPBD

LSV Asset Management lifted its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,041,415 shares of the company’s stock after acquiring an additional 352,264 shares during the quarter. LSV Asset Management owned approximately 3.53% of Upbound Group worth $51,240,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UPBD. CWM LLC boosted its position in Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after buying an additional 493 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Upbound Group by 3.9% during the first quarter. Inspire Investing LLC now owns 14,338 shares of the company’s stock valued at $344,000 after acquiring an additional 540 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Upbound Group by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company’s stock valued at $577,000 after acquiring an additional 600 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Upbound Group by 0.7% in the second quarter. Allianz Asset Management GmbH now owns 84,556 shares of the company’s stock valued at $2,122,000 after acquiring an additional 621 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Upbound Group by 5.5% in the second quarter. Nisa Investment Advisors LLC now owns 12,183 shares of the company’s stock worth $311,000 after purchasing an additional 638 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Upbound Group Trading Down 2.9%

NASDAQ UPBD opened at $16.46 on Tuesday. Upbound Group, Inc. has a 52 week low of $16.40 and a 52 week high of $36.00. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The stock’s 50 day moving average price is $22.21 and its two-hundred day moving average price is $23.67. The stock has a market capitalization of $953.13 million, a price-to-earnings ratio of 9.25 and a beta of 1.79.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Tuesday, September 30th. Upbound Group’s dividend payout ratio is 107.59%.

Insider Buying and Selling at Upbound Group

In related news, EVP Ralph T. Montrone sold 6,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $25.23, for a total transaction of $151,380.00. Following the transaction, the executive vice president directly owned 49,123 shares of the company’s stock, valued at approximately $1,239,373.29. This trade represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey J. Brown bought 1,951 shares of the stock in a transaction dated Tuesday, October 21st. The shares were acquired at an average cost of $22.27 per share, for a total transaction of $43,448.77. Following the completion of the acquisition, the director directly owned 90,965 shares of the company’s stock, valued at approximately $2,025,790.55. This trade represents a 2.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

UPBD has been the subject of a number of analyst reports. BTIG Research lowered their target price on shares of Upbound Group from $40.00 to $28.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a research note on Thursday. Loop Capital upgraded Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, September 15th. TD Cowen decreased their target price on Upbound Group from $36.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.50.

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.