Stifel Nicolaus upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a research report sent to investors on Tuesday, Briefing.com Automated Import reports. Stifel Nicolaus currently has $28.00 price target on the stock.
A number of other brokerages have also weighed in on RCII. ValuEngine lowered shares of Rent-A-Center from a sell rating to a strong sell rating in a report on Wednesday, October 2nd. BidaskClub lowered shares of Rent-A-Center from a strong-buy rating to a buy rating in a report on Tuesday, November 5th. Finally, Janney Montgomery Scott upgraded shares of Rent-A-Center from a neutral rating to a buy rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $24.40.
Rent-A-Center stock traded up $0.38 during mid-day trading on Tuesday, reaching $24.42. The company had a trading volume of 699,900 shares, compared to its average volume of 755,440. The company has a market capitalization of $1.28 billion, a P/E ratio of 23.04 and a beta of 0.42. The stock’s 50-day simple moving average is $25.50 and its 200-day simple moving average is $25.55. Rent-A-Center has a 1 year low of $11.98 and a 1 year high of $28.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.34 and a quick ratio of 0.51.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). The company had revenue of $649.37 million during the quarter, compared to analyst estimates of $630.83 million. Rent-A-Center had a net margin of 5.09% and a return on equity of 31.75%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. On average, equities analysts forecast that Rent-A-Center will post 2.24 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. KBC Group NV lifted its holdings in shares of Rent-A-Center by 258.1% during the 2nd quarter. KBC Group NV now owns 215,013 shares of the company’s stock valued at $5,726,000 after acquiring an additional 154,977 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Rent-A-Center by 5.8% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 61,740 shares of the company’s stock valued at $1,644,000 after acquiring an additional 3,400 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Rent-A-Center during the 2nd quarter valued at $855,000. SG Americas Securities LLC acquired a new position in shares of Rent-A-Center during the 2nd quarter valued at $136,000. Finally, Voloridge Investment Management LLC lifted its holdings in shares of Rent-A-Center by 35.9% during the 2nd quarter. Voloridge Investment Management LLC now owns 39,907 shares of the company’s stock valued at $1,063,000 after acquiring an additional 10,545 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.
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.
Featured Story: Are sell-side analysts objective?
Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.