Nuveen LLC Invests $10.02 Million in Upbound Group, Inc. $UPBD

Key Points

• Nuveen LLC has acquired 418,330 shares of Upbound Group, Inc., valued at approximately $10 million, representing about 0.72% of the company's stock as per their latest SEC filing.
• Upbound Group recently reported better-than-expected quarterly earnings with $1.12 EPS against an anticipated $1.05, alongside a revenue increase of 7.5% year-over-year.
• Analysts have mixed ratings on Upbound Group with a current consensus target price of $34.50 and a downgrade from a "buy" to a "hold" rating from Wall Street Zen.

Nuveen LLC bought a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 418,330 shares of the company's stock, valued at approximately $10,023,000. Nuveen LLC owned approximately 0.72% of Upbound Group at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UPBD. Wells Fargo & Company MN increased its position in shares of Upbound Group by 32.1% in the fourth quarter. Wells Fargo & Company MN now owns 28,863 shares of the company's stock worth $842,000 after acquiring an additional 7,015 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Upbound Group by 617.8% in the fourth quarter. Renaissance Technologies LLC now owns 81,200 shares of the company's stock worth $2,369,000 after acquiring an additional 69,888 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Upbound Group during the fourth quarter valued at approximately $3,922,000. First Trust Advisors LP purchased a new position in Upbound Group during the fourth quarter valued at approximately $2,064,000. Finally, Dimensional Fund Advisors LP grew its position in Upbound Group by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock valued at $67,913,000 after purchasing an additional 92,766 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Stock Down 0.8%

UPBD stock traded down $0.21 during trading hours on Thursday, hitting $25.86. The company's stock had a trading volume of 653,191 shares, compared to its average volume of 813,966. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. The company has a market capitalization of $1.50 billion, a PE ratio of 14.53 and a beta of 1.74. Upbound Group, Inc. has a 12 month low of $19.65 and a 12 month high of $36.00. The stock has a 50 day moving average price of $24.42 and a two-hundred day moving average price of $24.27.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.05 by $0.07. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. 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 expect that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, June 17th. Upbound Group's payout ratio is currently 87.64%.

Wall Street Analyst Weigh In

UPBD has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Raymond James Financial reaffirmed an "outperform" rating and set a $35.00 price objective (down from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Upbound Group currently has an average rating of "Moderate Buy" and an average target price of $34.50.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown bought 1,653 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was bought at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the transaction, the director directly owned 89,400 shares of the company's stock, valued at approximately $2,315,460. The trade was 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. 2.60% of the stock is 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.