Upbound Group (NASDAQ:UPBD) Hits New 52-Week Low - What's Next?

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $26.13 and last traded at $26.42, with a volume of 50997 shares. The stock had previously closed at $26.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UPBD shares. Loop Capital lowered their target price on Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, February 21st. TD Cowen raised Upbound Group to a "strong-buy" rating in a research note on Friday, November 29th. Finally, Stephens started coverage on shares of Upbound Group in a report on Wednesday, November 13th. They set an "overweight" rating and a $38.00 price target for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.20.

Upbound Group Trading Down 0.1 %

The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.43 billion, a PE ratio of 11.26 and a beta of 2.05. The firm has a fifty day simple moving average of $28.99 and a two-hundred day simple moving average of $30.54.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current year.

Remove Ads

Upbound Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Wednesday, December 18th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from Upbound Group's previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 6.27%. Upbound Group's dividend payout ratio (DPR) is 70.59%.

Insiders Place Their Bets

In other news, Director Jeffrey J. Brown acquired 1,146 shares of the stock in a transaction on Tuesday, January 7th. The stock was acquired at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the transaction, the director now owns 86,380 shares of the company's stock, valued at $2,505,883.80. This represents a 1.34 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Upbound Group

A number of large investors have recently made changes to their positions in UPBD. Wellington Management Group LLP grew its position in Upbound Group by 2,864.5% during the third quarter. Wellington Management Group LLP now owns 405,569 shares of the company's stock valued at $12,974,000 after buying an additional 391,888 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Upbound Group during the 4th quarter valued at $10,214,000. Marshall Wace LLP increased its stake in shares of Upbound Group by 333.9% in the 4th 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 position in Upbound Group in the 4th quarter worth $5,201,000. Finally, Victory Capital Management Inc. lifted its position in Upbound Group by 171.9% during the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company's stock valued at $7,806,000 after purchasing an additional 169,197 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors.

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.