Empowered Funds LLC Invests $5.02 Million in Upbound Group, Inc. $UPBD

Key Points

• Empowered Funds LLC acquired 236,744 shares of Upbound Group worth approximately $5.02 million, representing about 0.41% of the company. Institutional investors collectively own 90.30% of Upbound’s stock.
• Analyst sentiment is mixed: Upbound has a consensus “Hold” rating and an average price target of $30.67, with recent downgrades from several firms and one upgrade.
• The stock opened at $18.30 after falling 4.8%; quarterly EPS of $1.07 modestly exceeded estimates, while revenue reached $1.16 billion and rose 0.5% year over year.

Empowered Funds LLC acquired a new stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 236,744 shares of the company's stock, valued at approximately $5,024,000. Empowered Funds LLC owned approximately 0.41% of Upbound Group at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Upbound Group during the second quarter worth about $194,216,000. Ieq Capital LLC bought a new position in Upbound Group in the second quarter valued at approximately $37,565,000. Bank of New York Mellon Corp acquired a new position in shares of Upbound Group during the 2nd quarter worth approximately $18,862,000. Huber Capital Management LLC increased its position in shares of Upbound Group by 80.2% during the 4th quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company's stock worth $30,538,000 after purchasing an additional 773,775 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Upbound Group by 60.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,255,874 shares of the company's stock worth $29,676,000 after purchasing an additional 472,550 shares in the last quarter. Institutional investors own 90.30% of the company's stock.

Wall Street Analyst Weigh In

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

Upbound Group Trading Down 4.8%

Shares of Upbound Group stock opened at $18.30 on Tuesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.22 and a quick ratio of 0.97. The business has a fifty day simple moving average of $20.18 and a two-hundred day simple moving average of $19.36. Upbound Group, Inc. has a 1 year low of $15.82 and a 1 year high of $28.02. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.88 and a beta of 1.79.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. 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. Research analysts forecast that Upbound Group, Inc. will post 4.15 EPS for the current year.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown acquired 2,295 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was purchased 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 directly owned 96,681 shares of the company's stock, valued at approximately $1,942,321.29. The trade was a 2.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony J. Blasquez sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was 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 approximately $824,065.45. This represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

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

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