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

Upbound Group, Inc. (NASDAQ:UPBD)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $24.15 and last traded at $24.46, with a volume of 642020 shares trading hands. The stock had previously closed at $24.50.

Analyst Ratings Changes

UPBD has been the topic of a number of analyst reports. Stephens started coverage on shares of Upbound Group in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price on the stock. Loop Capital decreased their price target on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Finally, TD Cowen raised Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Upbound Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

Upbound Group Stock Down 0.2 %

The stock’s fifty day moving average price is $28.89 and its 200 day moving average price is $30.49. 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 stock has a market cap of $1.40 billion, a P/E ratio of 11.07 and a beta of 2.05.

Upbound Group (NASDAQ:UPBD) last released 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. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, research analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Insider Activity at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,146 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was bought at an average price of $29.01 per share, with a total value of $33,245.46. Following the purchase, the director now owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

Institutional Trading of Upbound Group

Several hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of 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. Kennedy Capital Management LLC purchased a new stake in shares of Upbound Group during the fourth quarter valued at approximately $10,214,000. Marshall Wace LLP grew its holdings in shares of Upbound Group by 333.9% in the fourth 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 purchased a new position in shares of Upbound Group in the fourth quarter worth $5,201,000. Finally, Victory Capital Management Inc. boosted its position in Upbound Group by 171.9% during the 4th quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock valued at $7,806,000 after buying an additional 169,197 shares during the period. 90.30% of the stock is 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.