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

Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.77 and last traded at $22.01, with a volume of 260232 shares traded. The stock had previously closed at $24.26.

Wall Street Analyst Weigh In

Separately, Loop Capital lowered their price objective 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $37.00.

Upbound Group Stock Performance

The business has a 50-day simple moving average of $26.60 and a 200 day simple moving average of $29.30. 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 cap of $1.26 billion, a PE ratio of 9.95 and a beta of 1.90.

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

Remove Ads

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Wednesday, April 2nd. Upbound Group's dividend payout ratio (DPR) is 70.59%.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown bought 1,146 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fahmi Karam bought 11,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $25.82 per share, with a total value of $296,930.00. Following the transaction, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. The trade was a 7.51 % increase in their position. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Upbound Group

Several hedge funds have recently bought and sold shares of UPBD. Vanguard Group Inc. increased its holdings in shares of Upbound Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company's stock worth $197,804,000 after purchasing an additional 113,212 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Upbound Group by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock valued at $67,913,000 after acquiring an additional 92,766 shares during the last quarter. State Street Corp grew its holdings in shares of Upbound Group by 2.2% in the third quarter. State Street Corp now owns 2,028,224 shares of the company's stock valued at $64,883,000 after purchasing an additional 43,814 shares in the last quarter. Geode Capital Management LLC increased its position in Upbound Group by 4.7% in the third 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Upbound Group by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company's stock valued at $28,417,000 after purchasing an additional 60,139 shares in the last quarter. Hedge funds and other 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.