Upbound Group (NASDAQ:UPBD) Reaches New 12-Month Low – Here’s Why

Shares of Upbound Group, Inc. (NASDAQ:UPBD) 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 trading hands. The stock had previously closed at $20.48.

Analyst Ratings Changes

Separately, Loop Capital decreased their price objective on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating for the company in a report on Friday, February 21st. Two investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Upbound Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. The company’s 50 day moving average is $24.75 and its 200 day moving average is $28.57. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.30 and a beta of 1.90.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, research analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.59%. Upbound Group’s dividend payout ratio (DPR) is presently 70.59%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, CFO Fahmi Karam bought 11,500 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the acquisition, the chief financial officer now owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Upbound Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC bought a new stake in Upbound Group during the 4th quarter worth about $10,214,000. Marshall Wace LLP boosted its position 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Upbound Group during the fourth quarter worth $5,201,000. Victory Capital Management Inc. increased its holdings in Upbound Group by 171.9% in 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 during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in Upbound Group in the fourth quarter valued at about $4,883,000. 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.