Lido Advisors LLC Trims Stock Position in Upbound Group, Inc. $UPBD

Lido Advisors LLC cut its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 59.4% in the 1st quarter, Holdings Channel reports. The firm owned 124,581 shares of the company’s stock after selling 182,205 shares during the period. Lido Advisors LLC’s holdings in Upbound Group were worth $2,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UPBD. Hantz Financial Services Inc. boosted its stake in shares of Upbound Group by 238.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,448 shares of the company’s stock valued at $25,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP raised its stake in Upbound Group by 913.1% in the third quarter. Quarry LP now owns 1,388 shares of the company’s stock worth $33,000 after buying an additional 1,251 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings 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 worth $60,000 after buying an additional 535 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Upbound Group by 49.9% in the first quarter. PNC Financial Services Group Inc. now owns 3,685 shares of the company’s stock worth $67,000 after buying an additional 1,226 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Upbound Group in the second quarter worth about $95,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown acquired 2,329 shares of Upbound Group stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average price of $19.41 per share, with a total value of $45,205.89. Following the transaction, the director directly owned 94,840 shares in the company, valued at approximately $1,840,844.40. This represents a 2.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UPBD has been the topic of a number of research analyst reports. Zacks Research downgraded Upbound Group from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Upbound Group in a research note on Wednesday, June 24th. Finally, TD Cowen lifted their price target on Upbound Group from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Upbound Group Price Performance

Shares of Upbound Group stock opened at $20.46 on Monday. Upbound Group, Inc. has a 1 year low of $15.82 and a 1 year high of $28.02. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 14.31 and a beta of 1.79. The company has a 50-day moving average of $19.51 and a 200 day moving average of $19.35. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.06 and a quick ratio of 0.88.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Upbound Group had a net margin of 1.78% and a return on equity of 35.56%. Upbound Group’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. As a group, sell-side analysts anticipate that Upbound Group, Inc. will post 4.15 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were paid a $0.39 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 7.6%. Upbound Group’s dividend payout ratio is presently 109.09%.

About Upbound Group

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.