Upbound Group (NASDAQ:UPBD) Sets New 1-Year Low – Time to Sell?

Upbound Group, Inc. (NASDAQ:UPBD)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $20.08 and last traded at $20.21, with a volume of 158691 shares. The stock had previously closed at $20.48.

Wall Street Analyst Weigh In

Separately, Loop Capital dropped their price target on Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Upbound Group Trading Up 0.9 %

The firm has a market cap of $1.18 billion, a P/E ratio of 9.30 and a beta of 1.90. The business’s 50-day moving average is $24.75 and its two-hundred day moving average is $28.57. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. As a group, analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Wednesday, April 2nd. Upbound Group’s payout ratio is 70.59%.

Insider Buying and Selling at Upbound Group

In other news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $25.82 per share, with a total value of $296,930.00. Following the completion of the purchase, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Upbound Group

Several institutional investors and hedge funds have recently made changes to their positions in UPBD. Kennedy Capital Management LLC bought a new position in shares of Upbound Group during the 4th quarter valued at approximately $10,214,000. Marshall Wace LLP increased its stake in shares of Upbound Group by 333.9% in the fourth quarter. Marshall Wace LLP now owns 350,949 shares of the company’s stock worth $10,237,000 after purchasing an additional 270,064 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Upbound Group in the fourth quarter valued at approximately $5,201,000. Victory Capital Management Inc. lifted its stake in shares of Upbound Group by 171.9% during the 4th quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock valued at $7,806,000 after buying an additional 169,197 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in Upbound Group in the 4th quarter worth approximately $4,883,000. Institutional investors own 90.30% of the company’s stock.

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.