Upbound Group, Inc. $UPBD Stock Position Increased by Huber Capital Management LLC

Key Points

• Huber Capital Management LLC increased its holdings in Upbound Group, Inc. by 10.9%, making it the firm's 4th biggest position with a total of 949,055 shares.
• Upbound Group reported earnings of $1.12 EPS for the last quarter, exceeding analysts' expectations of $1.05 EPS, with revenue reaching $1.16 billion.
• The company recently announced a quarterly dividend of $0.39, resulting in an annualized dividend of $1.56 and a yield of 6.0%.

Huber Capital Management LLC increased its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 10.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 949,055 shares of the company's stock after acquiring an additional 92,908 shares during the period. Upbound Group comprises 4.3% of Huber Capital Management LLC's portfolio, making the stock its 4th biggest position. Huber Capital Management LLC owned about 1.64% of Upbound Group worth $22,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Landscape Capital Management L.L.C. bought a new stake in shares of Upbound Group during the 1st quarter worth approximately $2,236,000. Walleye Capital LLC lifted its stake in shares of Upbound Group by 10.0% during the 1st quarter. Walleye Capital LLC now owns 9,819 shares of the company's stock worth $235,000 after acquiring an additional 893 shares during the last quarter. Bragg Financial Advisors Inc lifted its stake in shares of Upbound Group by 78.3% during the 1st quarter. Bragg Financial Advisors Inc now owns 724,231 shares of the company's stock worth $17,353,000 after acquiring an additional 318,060 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Upbound Group during the 1st quarter worth approximately $292,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Upbound Group by 80.6% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 44,638 shares of the company's stock worth $1,060,000 after acquiring an additional 19,917 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

Upbound Group Stock Down 1.7%

UPBD stock traded down $0.42 on Tuesday, hitting $24.99. 158,524 shares of the company's stock were exchanged, compared to its average volume of 583,998. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month high of $36.00. The firm has a 50 day moving average price of $24.48 and a two-hundred day moving average price of $24.14. 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 stock has a market cap of $1.45 billion, a P/E ratio of 14.02 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $1.04 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, equities research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

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 issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Upbound Group currently has a consensus rating of "Moderate Buy" and an average target price of $34.50.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown purchased 1,653 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were acquired at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the purchase, the director owned 89,400 shares in the company, valued at $2,315,460. This trade represents a 1.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company's stock.

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.