Upbound Group (NASDAQ:UPBD) Hits New 12-Month Low – Time to Sell?

Shares of Upbound Group, Inc. (NASDAQ:UPBD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.86 and last traded at $23.76, with a volume of 59350 shares. The stock had previously closed at $24.35.

Wall Street Analyst Weigh In

UPBD has been the subject of a number of analyst reports. TD Cowen raised Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. Stephens assumed coverage on shares of Upbound Group in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Loop Capital cut 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 investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Upbound Group Stock Down 2.8 %

The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The firm’s 50-day moving average price is $28.37 and its 200 day moving average price is $30.21. The firm has a market cap of $1.36 billion, a P/E ratio of 10.73 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, research analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Insider Activity at Upbound Group

In other news, CFO Fahmi Karam bought 11,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $25.82 per share, with a total value of $296,930.00. Following the completion of the acquisition, the chief financial officer now directly owns 164,672 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey J. Brown purchased 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, for a total transaction of $33,245.46. Following the completion of the transaction, the director now owns 86,380 shares in the company, valued at $2,505,883.80. This trade represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of UPBD. Wellington Management Group LLP lifted its holdings 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. Geode Capital Management LLC lifted its stake in Upbound Group by 4.7% during the third quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock valued at $38,968,000 after purchasing an additional 54,427 shares during the last quarter. Barclays PLC boosted its holdings in Upbound Group by 42.5% during the third quarter. Barclays PLC now owns 316,225 shares of the company’s stock worth $10,116,000 after buying an additional 94,333 shares in the last quarter. JPMorgan Chase & Co. grew its position in Upbound Group by 130.3% in the third quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock worth $5,835,000 after buying an additional 103,212 shares during the last quarter. Finally, State Street Corp increased 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 buying an additional 43,814 shares in the last quarter. 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.