Zacks Research downgraded shares of Upbound Group (NASDAQ:UPBD – Free Report) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports.
A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday. TD Cowen decreased their price target on shares of Upbound Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Upbound Group in a report on Wednesday, June 24th. Finally, BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price for the company. in a report on Friday. Two equities 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.67.
Get Our Latest Stock Analysis on Upbound Group
Upbound Group Stock Up 1.1%
Upbound Group (NASDAQ:UPBD – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Sell-side analysts expect that Upbound Group will post 4.15 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 7th. Shareholders of record on Tuesday, June 16th were given a $0.39 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 7.6%. Upbound Group’s payout ratio is currently 101.30%.
Insider Buying and Selling at Upbound Group
In other Upbound Group news, Director Jeffrey J. Brown acquired 2,295 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $20.09 per share, with a total value of $46,106.55. Following the transaction, the director owned 96,681 shares of the company’s stock, valued at $1,942,321.29. This trade represents a 2.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Institutional Investors Weigh In On Upbound Group
Institutional investors have recently made changes to their positions in the stock. Summit Global Investments acquired a new position in shares of Upbound Group in the 2nd quarter worth approximately $779,000. Redhawk Wealth Advisors Inc. purchased a new stake in Upbound Group in the second quarter valued at approximately $472,000. GAMMA Investing LLC lifted its stake in Upbound Group by 18.2% during the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock worth $71,000 after purchasing an additional 518 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Upbound Group during the second quarter worth $227,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Upbound Group during the first quarter worth $7,455,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.
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.
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