Pacer Advisors Inc. Takes Position in Upbound Group, Inc. $UPBD

Pacer Advisors Inc. acquired a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 413,005 shares of the company’s stock, valued at approximately $7,455,000.

A number of other institutional investors also recently bought and sold shares of UPBD. Western Standard LLC purchased a new stake in Upbound Group in the 4th quarter valued at about $1,756,000. Principal Financial Group Inc. increased its position in shares of Upbound Group by 22.2% during the first quarter. Principal Financial Group Inc. now owns 303,918 shares of the company’s stock valued at $5,486,000 after acquiring an additional 55,199 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of Upbound Group by 13.5% in the 4th quarter. Kennedy Capital Management LLC now owns 672,289 shares of the company’s stock valued at $11,805,000 after acquiring an additional 79,988 shares during the period. Vanguard Group Inc. raised its stake in shares of Upbound Group by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 7,132,443 shares of the company’s stock valued at $125,246,000 after acquiring an additional 231,293 shares during the period. Finally, Peregrine Capital Management LLC acquired a new position in shares of Upbound Group in the 1st quarter worth approximately $4,934,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BTIG Research cut shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Friday, July 31st. TD Cowen decreased their price target on Upbound Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research cut Upbound Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Upbound Group in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Upbound Group has a consensus rating of “Hold” and a consensus target price of $30.67.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 2,295 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased 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 approximately $1,942,321.29. This trade represents a 2.43% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Upbound Group Trading Down 2.0%

Shares of NASDAQ:UPBD opened at $20.12 on Thursday. Upbound Group, Inc. has a 52 week low of $15.82 and a 52 week high of $28.02. The company’s 50 day moving average is $19.93 and its two-hundred day moving average is $19.41. The company has a current ratio of 3.22, a quick ratio of 0.88 and a debt-to-equity ratio of 1.94. The company has a market cap of $1.17 billion, a PE ratio of 13.06 and a beta of 1.79.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. 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. Equities analysts predict that Upbound Group, Inc. will post 4.15 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors 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 7.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Upbound Group’s dividend payout ratio is currently 101.30%.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.