An issue of Rent-A-Center Inc. (NASDAQ:RCII) debt fell 0.9% against its face value during trading on Wednesday. The high-yield issue of debt has a 4.75% coupon and will mature on May 1, 2021. The bonds in the issue are now trading at $93.35 and were trading at $92.82 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

Several analysts have issued reports on the stock. Jefferies Group LLC decreased their price target on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and issued a $13.00 price target (up from $11.50) on shares of Rent-A-Center in a research report on Friday, July 28th. Finally, Loop Capital set a $8.00 price target on shares of Rent-A-Center and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.21.

Shares of Rent-A-Center Inc. (NASDAQ RCII) opened at $11.30 on Friday. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69. Rent-A-Center Inc. has a 12-month low of $7.76 and a 12-month high of $13.89.

Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The business had revenue of $643.97 million for the quarter, compared to analyst estimates of $649.09 million. During the same quarter last year, the firm posted $0.11 earnings per share. Rent-A-Center’s revenue was down 7.2% on a year-over-year basis. analysts forecast that Rent-A-Center Inc. will post -0.19 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Rent-A-Center by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock valued at $282,000 after acquiring an additional 263 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Rent-A-Center by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 38,839 shares of the company’s stock valued at $455,000 after acquiring an additional 324 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Rent-A-Center by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock valued at $147,000 after acquiring an additional 440 shares in the last quarter. B. Riley Financial Inc. boosted its position in shares of Rent-A-Center by 3.1% during the 2nd quarter. B. Riley Financial Inc. now owns 23,206 shares of the company’s stock valued at $272,000 after acquiring an additional 706 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Rent-A-Center by 5.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 30,040 shares of the company’s stock valued at $266,000 after acquiring an additional 1,660 shares in the last quarter.

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About Rent-A-Center

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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