Loop Capital Analysts Give Rent-A-Center Inc. (RCII) a $8.00 Price Target
Several other equities research analysts also recently issued reports on RCII. Stifel Nicolaus restated a hold rating and set a $10.50 price objective on shares of Rent-A-Center in a report on Wednesday. Raymond James Financial, Inc. restated a market perform rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Zacks Investment Research upgraded Rent-A-Center from a sell rating to a hold rating in a report on Friday, July 28th. BidaskClub upgraded Rent-A-Center from a buy rating to a strong-buy rating in a report on Saturday, August 5th. Finally, Jefferies Group LLC restated a hold rating and set a $12.00 price objective on shares of Rent-A-Center in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Rent-A-Center currently has an average rating of Hold and an average price target of $11.21.
Rent-A-Center (NASDAQ:RCII) traded up $0.36 during trading hours on Tuesday, reaching $10.54. 5,826,838 shares of the company traded hands, compared to its average volume of 1,824,895. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.45 and a current ratio of 2.55.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the 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 business had revenue of $643.97 million for the quarter, compared to analysts’ expectations of $649.09 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Rent-A-Center’s revenue for the quarter was down 7.2% compared to the same quarter last year. analysts expect that Rent-A-Center will post -0.15 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Westfield Capital Management Co. LP bought a new stake in shares of Rent-A-Center in the 2nd quarter valued at approximately $326,000. Principal Financial Group Inc. increased its holdings in shares of Rent-A-Center by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 404,339 shares of the company’s stock valued at $3,586,000 after acquiring an additional 14,559 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rent-A-Center by 1,124.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock valued at $14,405,000 after acquiring an additional 1,128,785 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Rent-A-Center by 13.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 81,797 shares of the company’s stock valued at $959,000 after acquiring an additional 9,569 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Rent-A-Center by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 586,554 shares of the company’s stock valued at $5,202,000 after acquiring an additional 167,333 shares during the last quarter.
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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