58,130 Shares in Upbound Group, Inc. $UPBD Bought by Kendall Capital Management

Kendall Capital Management purchased a new position in Upbound Group, Inc. (NASDAQ:UPBD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,130 shares of the company’s stock, valued at approximately $1,234,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in Upbound Group by 15.9% during the first quarter. AQR Capital Management LLC now owns 48,276 shares of the company’s stock worth $1,157,000 after buying an additional 6,623 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Upbound Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,891 shares of the company’s stock valued at $764,000 after buying an additional 1,376 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Upbound Group by 73.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 532,809 shares of the company’s stock valued at $12,766,000 after buying an additional 224,811 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Upbound Group by 286.3% during the 1st quarter. Jane Street Group LLC now owns 86,450 shares of the company’s stock worth $2,071,000 after acquiring an additional 64,073 shares during the period. Finally, Norges Bank bought a new stake in shares of Upbound Group during the 2nd quarter worth approximately $440,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Buying and Selling 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 shares were acquired at an average price of $20.09 per share, for a total transaction of $46,106.55. Following the transaction, the director directly owned 96,681 shares of the company’s stock, valued at approximately $1,942,321.29. The trade was a 2.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UPBD has been the topic of several analyst reports. BTIG Research lowered shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Friday, July 31st. TD Cowen lowered their price objective on shares of Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Upbound Group in a research note on Wednesday, June 24th. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Zacks Research lowered Upbound Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.67.

Upbound Group Price Performance

Shares of NASDAQ:UPBD opened at $18.80 on Friday. Upbound Group, Inc. has a one year low of $15.82 and a one year high of $28.02. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.22 and a quick ratio of 0.97. 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 firm has a 50 day simple moving average of $20.09 and a 200 day simple moving average of $19.41.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The firm had revenue of $1.16 billion for 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 was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. 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. Research 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 disclosed 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. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 8.3%. Upbound Group’s dividend payout ratio (DPR) is 101.30%.

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