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

Upbound Group, Inc. (NASDAQ:UPBD)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $15.77 and last traded at $15.9460, with a volume of 574986 shares changing hands. The stock had previously closed at $15.99.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen reduced their price target on shares of Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, July 31st. BTIG Research downgraded shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research report on Friday, July 31st. Zacks Research lowered shares of Upbound Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Weiss Ratings downgraded shares of Upbound Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Upbound Group Price Performance

The company has a market capitalization of $927.54 million, a PE ratio of 10.33 and a beta of 1.77. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. The stock has a 50 day moving average price of $19.33 and a two-hundred day moving average price of $18.99.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. Equities analysts forecast that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Insider Activity at Upbound Group

In related news, EVP Anthony J. Blasquez sold 10,000 shares of Upbound Group stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total value of $188,500.00. Following the completion of the sale, the executive vice president owned 43,717 shares of the company’s stock, valued at approximately $824,065.45. The trade was a 18.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey J. Brown acquired 2,295 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of $20.09 per share, with a total value of $46,106.55. Following the purchase, the director owned 96,681 shares in the company, valued at $1,942,321.29. The trade was a 2.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Upbound Group

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Upbound Group in the second quarter worth about $194,216,000. Ieq Capital LLC acquired a new position in shares of Upbound Group during the 2nd quarter valued at about $37,565,000. Bank of New York Mellon Corp bought a new position in shares of Upbound Group in the 2nd quarter valued at approximately $18,862,000. Huber Capital Management LLC raised its stake in shares of Upbound Group by 80.2% in the 4th quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company’s stock valued at $30,538,000 after acquiring an additional 773,775 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Upbound Group in the 1st quarter worth approximately $7,455,000. 90.30% of the stock is currently owned by institutional investors.

Upbound Group Company Profile

Upbound Group, Inc is a consumer leasing and retail services company headquartered in Plano, Texas. The company operates through two primary brands: Rent-A-Center, a lease-to-own provider, and Acima, a technology-enabled point-of-sale leasing platform. Its services are designed to give consumers access to household and consumer products through flexible leasing arrangements, including options that may not require traditional credit.

Rent-A-Center offers furniture, appliances, electronics, computers, smartphones and other durable goods through company-operated and franchised stores, as well as digital channels.