Analysts Set Rent-A-Center Inc. (RCII) PT at $10.10
Rent-A-Center Inc. (NASDAQ:RCII) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.10.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reissued a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th.
Rent-A-Center (RCII) traded down $0.20 during trading on Friday, hitting $11.23. The stock had a trading volume of 1,059,500 shares, compared to its average volume of 1,785,282. Rent-A-Center has a 52-week low of $7.76 and a 52-week high of $13.89. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.55 and a quick ratio of 0.46.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The company had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. During the same period in the previous year, the business earned $0.11 earnings per share. Rent-A-Center’s revenue was down 7.2% on a year-over-year basis. analysts anticipate that Rent-A-Center will post -0.19 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC purchased a new position in shares of Rent-A-Center in the third quarter worth about $5,795,000. Royce & Associates LP increased its holdings in shares of Rent-A-Center by 10.6% in the third quarter. Royce & Associates LP now owns 417,518 shares of the company’s stock worth $4,793,000 after buying an additional 40,000 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Rent-A-Center in the third quarter worth about $576,000. Convergence Investment Partners LLC increased its holdings in shares of Rent-A-Center by 26.0% in the third quarter. Convergence Investment Partners LLC now owns 51,932 shares of the company’s stock worth $596,000 after buying an additional 10,729 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Rent-A-Center by 1.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,577,669 shares of the company’s stock valued at $18,112,000 after purchasing an additional 25,839 shares during the period.
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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