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

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

Analyst Upgrades and Downgrades

Separately, Loop Capital lowered 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 report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Upbound Group Trading Down 6.3 %

The company has a 50 day simple moving average of $26.44 and a 200 day simple moving average of $29.23. The stock has a market capitalization of $1.18 billion, a PE ratio of 9.31 and a beta of 1.90. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08.

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

Upbound Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 7.58%. The ex-dividend date is Wednesday, April 2nd. Upbound Group's payout ratio is 70.59%.

Insiders Place Their Bets

In related news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. This represents a 7.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Upbound Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Upbound Group during the third quarter worth $972,000. State Street Corp boosted its position in shares of Upbound Group by 2.2% in the 3rd quarter. State Street Corp now owns 2,028,224 shares of the company's stock worth $64,883,000 after buying an additional 43,814 shares in the last quarter. Wellington Management Group LLP grew its stake in Upbound Group by 2,864.5% in the 3rd quarter. Wellington Management Group LLP now owns 405,569 shares of the company's stock valued at $12,974,000 after acquiring an additional 391,888 shares during the last quarter. Jane Street Group LLC raised its position in Upbound Group by 23.9% during the third quarter. Jane Street Group LLC now owns 80,123 shares of the company's stock worth $2,563,000 after acquiring an additional 15,473 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Upbound Group by 32.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 33,862 shares of the company's stock worth $1,083,000 after acquiring an additional 8,360 shares during the last quarter. Institutional investors and hedge funds 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.