Ieq Capital LLC Sells 14,885 Shares of Upbound Group, Inc. $UPBD

Key Points

• Ieq Capital LLC reduced its stake in Upbound Group by 2.0%, selling 14,885 shares, and now holds 734,071 shares valued at $17.6 million.
• Upbound Group's stock recently opened at $26.07, with a market cap of $1.51 billion and a PE ratio of 14.65.
• The company declared a quarterly dividend of $0.39 per share, representing a 6.0% dividend yield, with a payout ratio of 87.64%.

Ieq Capital LLC lessened its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 734,071 shares of the company's stock after selling 14,885 shares during the period. Ieq Capital LLC owned about 1.27% of Upbound Group worth $17,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Upbound Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company's stock worth $168,339,000 after purchasing an additional 244,746 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Upbound Group by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock worth $67,913,000 after purchasing an additional 92,766 shares during the period. LSV Asset Management lifted its stake in shares of Upbound Group by 7.3% in the 1st quarter. LSV Asset Management now owns 1,689,151 shares of the company's stock worth $40,472,000 after purchasing an additional 114,328 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Upbound Group by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,051,636 shares of the company's stock valued at $25,197,000 after buying an additional 77,450 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Upbound Group by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 802,481 shares of the company's stock valued at $19,227,000 after buying an additional 2,724 shares in the last quarter. Institutional investors own 90.30% of the company's stock.

Upbound Group Price Performance

NASDAQ UPBD traded down $0.48 during trading hours on Tuesday, reaching $24.94. The company's stock had a trading volume of 93,529 shares, compared to its average volume of 583,554. The firm's 50-day moving average price is $24.48 and its 200-day moving average price is $24.14. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.01 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the firm earned $1.04 EPS. The firm's 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 research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction on Tuesday, July 8th. The shares were acquired at an average price of $25.90 per share, with a total value of $42,812.70. Following the purchase, the director directly owned 89,400 shares in the company, valued at $2,315,460. The trade was a 1.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Upbound Group from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

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.