Landscape Capital Management L.L.C. Takes Position in Upbound Group, Inc. $UPBD

Key Points

• Landscape Capital Management initiated a position in Upbound Group, purchasing 143,592 shares valued at approximately $3.05 million. Institutional investors collectively own 90.3% of the company.
• Upbound reported quarterly EPS of $1.07, beating estimates of $1.05, while revenue reached $1.16 billion, roughly in line with expectations and up 0.5% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $30.67. Upbound also maintains a high dividend yield of about 8.3%, though its payout ratio exceeds 100%.

Landscape Capital Management L.L.C. purchased a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 143,592 shares of the company's stock, valued at approximately $3,047,000. Landscape Capital Management L.L.C. owned about 0.25% of Upbound Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Upbound Group in the second quarter worth $194,216,000. Ieq Capital LLC bought a new position in shares of Upbound Group during the second quarter valued at $37,565,000. Bank of New York Mellon Corp bought a new stake in Upbound Group during the 2nd quarter valued at about $18,862,000. Huber Capital Management LLC raised its holdings in Upbound Group by 80.2% in the fourth quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company's stock worth $30,538,000 after buying an additional 773,775 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Upbound Group by 60.3% in the third quarter. Wellington Management Group LLP now owns 1,255,874 shares of the company's stock worth $29,676,000 after buying an additional 472,550 shares during the last quarter. Institutional investors own 90.30% of the company's stock.

Upbound Group Stock Up 1.4%

UPBD stock opened at $18.80 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 12.21 and a beta of 1.79. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. The business's 50-day moving average is $20.09 and its two-hundred day moving average is $19.41. Upbound Group, Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $28.02.

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

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Upbound Group's payout ratio is currently 101.30%.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown purchased 2,295 shares of Upbound Group stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price 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 in the company, valued at $1,942,321.29. This represents a 2.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UPBD. Zacks Research cut shares of Upbound Group from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. BTIG Research downgraded Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price target on the stock. in a report on Friday, July 31st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Upbound Group in a research report on Wednesday, June 24th. TD Cowen reduced their price target on shares of Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen cut shares of Upbound Group from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.67.

About Upbound Group

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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