Upbound Group, Inc. $UPBD Position Reduced by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Upbound Group, Inc. by 46.4%, selling 133,484 shares and now holding approximately 0.27% of the company, valued at $3.69 million.
• Upbound Group recently reported $1.12 earnings per share for the last quarter, exceeding analyst expectations, with total revenue of $1.16 billion, marking a 7.5% increase from the previous year.
• The company announced a quarterly dividend of $0.39, providing an annual yield of 6.4%, with a dividend payout ratio of 87.64%.

Algert Global LLC cut its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 46.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,958 shares of the company's stock after selling 133,484 shares during the period. Algert Global LLC owned 0.27% of Upbound Group worth $3,689,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UPBD. TD Private Client Wealth LLC raised its holdings in Upbound Group by 59.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock valued at $31,000 after buying an additional 491 shares during the period. CWM LLC grew its position 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. Palouse Capital Management Inc. lifted its stake in shares of Upbound Group by 64.3% during the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after purchasing an additional 2,592 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Upbound Group during the 1st quarter worth $202,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Upbound Group during the 1st quarter worth $204,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on UPBD. Raymond James Financial reiterated an "outperform" rating and issued a $35.00 price target (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Wall Street Zen cut Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Upbound Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown bought 1,653 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 8th. The shares were purchased at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the completion of the acquisition, the director owned 89,400 shares of the company's stock, valued at $2,315,460. The trade was a 1.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company's stock.

Upbound Group Stock Performance

Shares of UPBD stock traded down $0.02 during trading hours on Monday, reaching $25.21. 482,982 shares of the company's stock were exchanged, compared to its average volume of 853,570. The company has a market cap of $1.46 billion, a P/E ratio of 14.16 and a beta of 1.74. The company's 50 day moving average is $24.33 and its two-hundred day moving average is $24.28. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.07. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business 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. Equities research analysts anticipate 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 was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 annualized dividend and a dividend yield of 6.2%. Upbound Group's dividend payout ratio (DPR) is 87.64%.

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.