Upbound Group (NASDAQ:UPBD) Sets New 52-Week Low – What’s Next?

Shares of Upbound Group, Inc. (NASDAQ:UPBD) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.52 and last traded at $18.66, with a volume of 513515 shares changing hands. The stock had previously closed at $19.84.

Analyst Ratings Changes

A number of equities analysts have recently commented on UPBD shares. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Loop Capital raised Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Monday, September 15th. BTIG Research cut their target price on Upbound Group from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Zacks Research lowered Upbound Group from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Upbound Group in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Upbound Group currently has an average rating of “Moderate Buy” and a consensus price target of $33.60.

Upbound Group Price Performance

The business has a 50 day simple moving average of $23.18 and a two-hundred day simple moving average of $23.79. The firm has a market capitalization of $1.03 billion, a P/E ratio of 10.00 and a beta of 1.79. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.98 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.Upbound Group’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.8%. Upbound Group’s dividend payout ratio is presently 107.59%.

Insider Buying and Selling at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,951 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was purchased at an average cost of $22.27 per share, for a total transaction of $43,448.77. Following the acquisition, the director owned 90,965 shares of the company’s stock, valued at $2,025,790.55. This trade represents a 2.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ralph T. Montrone sold 6,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the transaction, the executive vice president owned 49,123 shares in the company, valued at $1,239,373.29. This trade represents a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Upbound Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC increased its stake in Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock worth $31,000 after purchasing an additional 491 shares during the period. CWM LLC boosted its stake in shares of Upbound Group by 35.5% during the first quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after purchasing an additional 493 shares during the period. Security National Bank bought a new position in shares of Upbound Group in the third quarter worth approximately $57,000. GAMMA Investing LLC increased its stake in shares of Upbound Group by 414.1% in the second quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock worth $66,000 after buying an additional 2,108 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Upbound Group by 179.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock valued at $94,000 after buying an additional 2,512 shares during the last quarter. 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.