Jacobs Levy Equity Management Inc. Buys 32,533 Shares of Upbound Group, Inc. $UPBD

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Upbound Group, acquiring an additional 32,533 shares, resulting in a 149.5% growth in their position to a total of 54,301 shares.
• Upbound Group reported $1.12 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $1.05 EPS, with a revenue of $1.16 billion.
• The company's stock currently holds a "Moderate Buy" rating from analysts, with a consensus target price of $34.50.

Jacobs Levy Equity Management Inc. lifted its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 149.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,301 shares of the company's stock after buying an additional 32,533 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.09% of Upbound Group worth $1,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hancock Whitney Corp raised its stake in shares of Upbound Group by 12.6% in the 1st quarter. Hancock Whitney Corp now owns 11,908 shares of the company's stock worth $285,000 after buying an additional 1,328 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Upbound Group by 15.9% during the first quarter. AQR Capital Management LLC now owns 48,276 shares of the company's stock worth $1,157,000 after purchasing an additional 6,623 shares during the period. Advisors Asset Management Inc. raised its position in shares of Upbound Group by 179.4% during the first quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company's stock worth $94,000 after purchasing an additional 2,512 shares during the period. Amundi raised its position in shares of Upbound Group by 86.1% during the first quarter. Amundi now owns 104,506 shares of the company's stock worth $2,290,000 after purchasing an additional 48,347 shares during the period. Finally, Graham Capital Management L.P. raised its position in shares of Upbound Group by 51.1% during the first quarter. Graham Capital Management L.P. now owns 64,146 shares of the company's stock worth $1,537,000 after purchasing an additional 21,694 shares during the period. Institutional investors own 90.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UPBD. Loop Capital raised Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Monday. Wall Street Zen raised Upbound Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $36.00.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown bought 1,653 shares of the stock in a transaction 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 purchase, the director directly owned 89,400 shares of the company's stock, valued at $2,315,460. This trade represents a 1.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ralph T. Montrone sold 6,000 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the executive vice president owned 49,123 shares in the company, valued at $1,239,373.29. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Upbound Group Stock Up 8.2%

Shares of UPBD stock traded up $2.05 on Monday, reaching $27.07. 1,419,347 shares of the company's stock traded hands, compared to its average volume of 594,376. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month 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 company has a market capitalization of $1.57 billion, a P/E ratio of 15.21 and a beta of 1.77. The business's 50 day moving average price is $24.40 and its two-hundred day moving average price is $23.98.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating 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 firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business'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 forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

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.