Dimensional Fund Advisors LP Has $66.72 Million Stock Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Dimensional Fund Advisors LP decreased its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,173,377 shares of the company’s stock after selling 13,191 shares during the period. Dimensional Fund Advisors LP owned approximately 3.98% of Upbound Group worth $66,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPBD. Headlands Technologies LLC bought a new position in Upbound Group in the first quarter worth $29,000. Blue Trust Inc. increased its position in Upbound Group by 47.9% in the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after purchasing an additional 362 shares during the period. Meeder Asset Management Inc. acquired a new stake in Upbound Group in the second quarter worth about $42,000. Allspring Global Investments Holdings LLC increased its position in Upbound Group by 232.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after purchasing an additional 1,146 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Upbound Group during the 2nd quarter worth about $89,000. 90.30% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Ralph T. Montrone sold 15,000 shares of Upbound Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.48, for a total value of $487,200.00. Following the completion of the transaction, the executive vice president now directly owns 40,074 shares in the company, valued at $1,301,603.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the transaction, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Upbound Group Price Performance

Upbound Group stock opened at $32.43 on Friday. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $1.77 billion, a PE ratio of -70.50 and a beta of 2.00. Upbound Group, Inc. has a 12 month low of $25.00 and a 12 month high of $38.72. The stock has a 50-day moving average price of $32.46 and a two-hundred day moving average price of $32.23.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Analysts expect that Upbound Group, Inc. will post 3.81 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 4.56%. Upbound Group’s dividend payout ratio (DPR) is presently -321.74%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BTIG Research started coverage on Upbound Group in a research report on Friday, June 7th. They issued a “buy” rating and a $45.00 price objective for the company. Loop Capital reissued a “hold” rating and set a $36.00 target price on shares of Upbound Group in a report on Friday, September 13th. Finally, Jefferies Financial Group reduced their target price on Upbound Group from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.40.

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.