Rent-A-Center Inc (NASDAQ:RCII) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.50.
RCII has been the topic of several recent analyst reports. ValuEngine raised Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. BidaskClub upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Loop Capital reiterated a “sell” rating and issued a $15.00 price objective on shares of Rent-A-Center in a report on Tuesday, October 9th.
In related news, insider Engaged Capital Llc sold 4,450,000 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $14.67, for a total value of $65,281,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.88% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of RCII. Mint Tower Capital Management B.V. purchased a new stake in shares of Rent-A-Center in the 2nd quarter valued at $147,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Rent-A-Center in the 1st quarter valued at $148,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Rent-A-Center in the 2nd quarter valued at $166,000. Equitec Specialists LLC purchased a new stake in shares of Rent-A-Center in the 3rd quarter valued at $198,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Rent-A-Center in the 2nd quarter valued at $256,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Shares of Rent-A-Center stock traded down $0.06 during trading hours on Monday, hitting $14.43. The company’s stock had a trading volume of 271,574 shares, compared to its average volume of 833,662. Rent-A-Center has a twelve month low of $7.22 and a twelve month high of $14.94. The firm has a market cap of $773.72 million, a PE ratio of -26.72 and a beta of 0.60. The company has a quick ratio of 0.67, a current ratio of 2.60 and a debt-to-equity ratio of 1.90.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Monday, November 5th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Rent-A-Center had a return on equity of 6.16% and a net margin of 1.58%. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $636.43 million. During the same quarter in the prior year, the company posted ($0.15) EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Rent-A-Center will post 0.84 earnings per share for the current year.
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; and furniture, including accessories under rental purchase agreements.
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