Upbound Group (NASDAQ:UPBD) Reaches New 12-Month Low - Should You Sell?

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) reached a new 52-week low during mid-day 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.

Analysts Set New Price Targets

Separately, Loop Capital dropped their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

Upbound Group Price Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The firm has a market capitalization of $1.15 billion, a PE ratio of 9.05 and a beta of 1.90. The business's 50 day moving average is $24.57 and its two-hundred day moving average is $28.50.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. The firm 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, research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.80%. Upbound Group's dividend payout ratio is presently 70.59%.

Insider Activity at Upbound Group

In other Upbound Group news, CFO Fahmi Karam acquired 11,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Upbound Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company's stock worth $197,804,000 after acquiring an additional 113,212 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Upbound Group by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock worth $67,913,000 after buying an additional 92,766 shares during the period. Geode Capital Management LLC lifted its position in shares of Upbound Group by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company's stock worth $38,968,000 after purchasing an additional 54,427 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Upbound Group by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company's stock valued at $28,417,000 after acquiring an additional 60,139 shares in the last quarter. Finally, Huber Capital Management LLC raised its position in shares of Upbound Group by 2.2% in the 4th quarter. Huber Capital Management LLC now owns 856,147 shares of the company's stock worth $24,974,000 after acquiring an additional 18,343 shares in the last quarter. Institutional investors own 90.30% of the company's stock.

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.