Wellington Management Group LLP Decreases Position in Upbound Group, Inc. $UPBD

Wellington Management Group LLP reduced its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,104,571 shares of the company’s stock after selling 151,509 shares during the period. Wellington Management Group LLP owned 1.89% of Upbound Group worth $23,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Upbound Group by 238.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock valued at $25,000 after buying an additional 1,020 shares in the last quarter. Quarry LP raised its stake in Upbound Group by 913.1% during the 3rd quarter. Quarry LP now owns 1,388 shares of the company’s stock worth $33,000 after acquiring an additional 1,251 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Upbound Group in the second quarter valued at $46,000. Allworth Financial LP purchased a new stake in Upbound Group in the second quarter valued at $50,000. Finally, Public Employees Retirement System of Ohio boosted its stake in Upbound Group by 18.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock valued at $60,000 after acquiring an additional 535 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Stock Performance

NASDAQ UPBD opened at $18.98 on Friday. The firm has a market cap of $1.11 billion, a P/E ratio of 12.32 and a beta of 1.77. Upbound Group, Inc. has a 52-week low of $15.82 and a 52-week high of $28.02. The business’s 50-day moving average price is $20.11 and its 200 day moving average price is $19.33. The company has a quick ratio of 0.97, a current ratio of 3.22 and a debt-to-equity ratio of 1.94.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business earned $1.12 EPS. The firm’s revenue was up .5% compared to the same quarter last year. 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. On average, equities research analysts expect that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown bought 2,295 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were 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 owned 96,681 shares in the company, valued at $1,942,321.29. The trade was a 2.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony J. Blasquez sold 10,000 shares of Upbound Group stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the completion of the transaction, the executive vice president owned 43,717 shares in the company, valued at approximately $824,065.45. This trade represents a 18.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UPBD. BTIG Research cut Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Friday, July 31st. Weiss Ratings raised Upbound Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. TD Cowen dropped 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. Zacks Research lowered Upbound Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.67.

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.