Amundi Grows Stock Holdings in Upbound Group, Inc. $UPBD

Key Points

• Amundi increased its stake in Upbound Group, Inc. by 86.1%, owning a total of 104,506 shares worth approximately $2.29 million after acquiring an additional 48,347 shares.
• Wall Street analysts have upgraded Upbound Group from a "hold" to a "buy" rating, with a consensus price target of $34.50.
• The company reported earnings of $1.12 per share for the last quarter, surpassing estimates, and has set its FY 2025 guidance at 4.050-4.40 EPS.

Amundi increased its position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 86.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 104,506 shares of the company's stock after buying an additional 48,347 shares during the quarter. Amundi owned about 0.18% of Upbound Group worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UPBD. TD Private Client Wealth LLC raised its position in Upbound Group by 59.9% in the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock valued at $31,000 after purchasing 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. Palouse Capital Management Inc. increased its position in shares of Upbound Group by 64.3% during the first quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after acquiring an additional 2,592 shares during the period. MQS Management LLC purchased a new stake in shares of Upbound Group during the first quarter worth $202,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Upbound Group during the first quarter worth $204,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UPBD. Wall Street Zen upgraded shares of Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Loop Capital upgraded shares of Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 target price for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $36.00.

Upbound Group Price Performance

Upbound Group stock traded up $2.05 during mid-day trading on Monday, reaching $27.07. The company had a trading volume of 1,419,347 shares, compared to its average volume of 594,376. 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. The company has a market capitalization of $1.57 billion, a P/E ratio of 15.21 and a beta of 1.77. The stock's 50-day simple moving average is $24.40 and its 200-day simple moving average is $23.98.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the company posted $1.04 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, equities analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Insider Buying and Selling

In other news, EVP Ralph T. Montrone sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the transaction, the executive vice president directly owned 49,123 shares of the company's stock, valued at $1,239,373.29. This trade represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey J. Brown bought 1,653 shares of the stock in a transaction on Tuesday, July 8th. The stock was purchased at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the purchase, the director directly owned 89,400 shares in the company, valued at $2,315,460. This trade represents a 1.88% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company's stock.

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.