Upbound Group (NASDAQ:UPBD) Shares Down 6.3%

Shares of Upbound Group, Inc. (NASDAQ:UPBD - Get Free Report) dropped 6.3% during mid-day trading on Thursday . The company traded as low as $29.14 and last traded at $29.63. Approximately 172,185 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 379,569 shares. The stock had previously closed at $31.62.

Wall Street Analyst Weigh In

UPBD has been the subject of a number of research analyst reports. KeyCorp increased their target price on shares of Upbound Group from $39.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday, February 23rd. TD Cowen initiated coverage on shares of Upbound Group in a research report on Friday, March 8th. They issued an "outperform" rating and a $43.00 target price for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Upbound Group currently has an average rating of "Buy" and an average price target of $38.17.

Upbound Group Trading Down 3.9 %

The company's 50 day moving average price is $32.90 and its 200 day moving average price is $31.87. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -253.15, a price-to-earnings-growth ratio of 4.06 and a beta of 1.99. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.65 and a current ratio of 3.12.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $994.27 million. During the same quarter in the prior year, the business posted $0.86 EPS. Upbound Group's quarterly revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Upbound Group, Inc. will post 3.76 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Wednesday, April 3rd were paid a $0.37 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 4.87%. Upbound Group's payout ratio is presently -1,233.23%.

Insider Activity at Upbound Group

In related news, EVP Anthony J. Blasquez sold 12,485 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the transaction, the executive vice president now directly owns 58,967 shares in the company, valued at approximately $1,956,525.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Anthony J. Blasquez sold 12,485 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total value of $414,252.30. Following the transaction, the executive vice president now directly owns 58,967 shares in the company, valued at approximately $1,956,525.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey J. Brown purchased 991 shares of Upbound Group stock in a transaction on Monday, April 22nd. The stock was bought at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the acquisition, the director now owns 83,138 shares in the company, valued at $2,550,673.84. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of Upbound Group

Hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC bought a new stake in Upbound Group in the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in Upbound Group in the 3rd quarter valued at $32,000. Clearstead Advisors LLC bought a new position in shares of Upbound Group during the 3rd quarter worth about $38,000. Bramshill Investments LLC bought a new position in shares of Upbound Group during the 3rd quarter worth about $43,000. Finally, CWM LLC bought a new position in shares of Upbound Group during the 3rd quarter worth about $45,000. 90.30% of the stock is owned by institutional investors.

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.