Upbound Group, Inc. (NASDAQ:UPBD) Shares Acquired by Kendall Capital Management

Kendall Capital Management increased its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 13.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,995 shares of the company's stock after purchasing an additional 11,045 shares during the period. Kendall Capital Management owned 0.16% of Upbound Group worth $2,204,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UPBD. Vanguard Group Inc. grew its position in Upbound Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company's stock valued at $197,804,000 after buying an additional 113,212 shares during the last quarter. 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 acquiring an additional 92,766 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Upbound Group by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company's stock valued at $28,417,000 after acquiring an additional 60,139 shares in the last quarter. Huber Capital Management LLC increased its stake in shares of Upbound Group by 2.2% during the fourth quarter. Huber Capital Management LLC now owns 856,147 shares of the company's stock worth $24,974,000 after acquiring an additional 18,343 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Upbound Group by 15.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,757 shares of the company's stock worth $23,329,000 after acquiring an additional 105,380 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial restated an "outperform" rating and issued a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Upbound Group has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Upbound Group Price Performance

Shares of NASDAQ UPBD traded up $0.36 during trading on Thursday, hitting $26.67. 246,689 shares of the company were exchanged, compared to its average volume of 532,647. The company has a debt-to-equity ratio of 2.26, a current ratio of 3.12 and a quick ratio of 0.80. Upbound Group, Inc. has a 1 year low of $19.69 and a 1 year high of $38.72. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 12.52 and a beta of 1.74. The firm's fifty day moving average price is $24.09 and its 200 day moving average price is $25.78.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. Upbound Group had a net margin of 2.74% and a return on equity of 36.30%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.85%. The ex-dividend date is Tuesday, June 17th. Upbound Group's payout ratio is currently 73.24%.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown bought 21,730 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $23.75 per share, for a total transaction of $516,087.50. Following the completion of the transaction, the director owned 21,730 shares in the company, valued at $516,087.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

Upbound Group Company 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.