Upbound Group Stock Price, News & Analysis (NASDAQ:UPBD)

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upbound Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" UPBD shares.
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3 Wall Street analysts have issued 1-year target prices for Upbound Group's shares. Their UPBD share price targets range from $32.00 to $40.00. On average, they expect the company's share price to reach $36.80 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price.
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Upbound Group's stock was trading at $26.97 at the beginning of 2023. Since then, UPBD shares have increased by 17.5% and is now trading at $31.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
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Upbound Group, Inc. (NASDAQ:UPBD) posted its quarterly earnings results on Thursday, November, 2nd. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. The company had revenue of $979.10 million for the quarter, compared to analyst estimates of $966.46 million. Upbound Group had a trailing twelve-month return on equity of 33.73% and a net margin of 0.22%.

Upbound Group announced a quarterly dividend on Tuesday, December 5th. Investors of record on Tuesday, December 19th will be paid a dividend of $0.37 per share on Tuesday, January 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for UPBD.

Upbound Group (NASDAQ:UPBD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.52%. UPBD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 971.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, UPBD will have a dividend payout ratio of 37.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UPBD.

ETFs with the largest weight of Upbound Group (NASDAQ:UPBD) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Hartford Multifactor Small Cap ETF (ROSC), WBI Power Factor High Dividend ETF (WBIY) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Upbound Group issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $3.45-3.55 for the period, compared to the consensus EPS estimate of $3.44. The company issued revenue guidance of $3.95-4.00 billion, compared to the consensus revenue estimate of $3.93 billion.

Upbound Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (11.41%), Ieq Capital LLC (2.56%), LSV Asset Management (1.93%), Bank of New York Mellon Corp (1.58%), Charles Schwab Investment Management Inc. (1.47%) and American Century Companies Inc. (1.35%). Insiders that own company stock include Jeffrey J Brown and Tyler Montrone.
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Shares of UPBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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