Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.00.
Several analysts recently commented on RCII shares. TheStreet upgraded Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. ValuEngine upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. BidaskClub upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Stephens upgraded Rent-A-Center from an “underweight” rating to an “equal” rating and set a $27.00 target price on the stock in a report on Monday. Finally, Jefferies Financial Group upped their target price on Rent-A-Center from $19.50 to $22.00 and gave the company a “hold” rating in a report on Monday, March 18th.
In other Rent-A-Center news, EVP Catherine M. Skula sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total value of $122,250.00. Following the transaction, the executive vice president now directly owns 32,090 shares of the company’s stock, valued at $784,600.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. lifted its stake in Rent-A-Center by 117.2% in the first quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock valued at $27,000 after buying an additional 703 shares during the period. Bank of Montreal Can raised its position in shares of Rent-A-Center by 105.6% during the fourth quarter. Bank of Montreal Can now owns 3,831 shares of the company’s stock worth $62,000 after purchasing an additional 1,968 shares during the period. First Quadrant L P CA acquired a new position in shares of Rent-A-Center during the first quarter worth approximately $91,000. Advisors Preferred LLC acquired a new position in shares of Rent-A-Center during the first quarter worth approximately $113,000. Finally, Anderson Fisher LLC acquired a new position in shares of Rent-A-Center during the first quarter worth approximately $123,000. 95.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:RCII traded up $0.77 during midday trading on Tuesday, hitting $25.32. 816,796 shares of the stock were exchanged, compared to its average volume of 1,388,011. The business’s 50-day simple moving average is $24.49. Rent-A-Center has a 12 month low of $11.98 and a 12 month high of $26.75. The firm has a market cap of $1.37 billion, a PE ratio of 23.89 and a beta of 0.41. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.55 and a quick ratio of 0.82.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, May 6th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.29. Rent-A-Center had a return on equity of 33.38% and a net margin of 1.34%. The business had revenue of $696.69 million for the quarter, compared to analysts’ expectations of $683.62 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Research analysts forecast that Rent-A-Center will post 2.12 earnings per share for the current fiscal year.
Rent-A-Center Company Profile
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.
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