Rent-A-Center Inc. (RCII) PT Lowered to $11.00
Rent-A-Center Inc. (NASDAQ:RCII) had its price objective decreased by equities researchers at Jefferies Group LLC from $12.00 to $11.00 in a report released on Wednesday. The firm presently has a “hold” rating on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 10.89% from the company’s current price. Jefferies Group also issued estimates for Rent-A-Center’s Q1 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.20 EPS.
Several other analysts also recently commented on RCII. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.50 target price on shares of Rent-A-Center in a report on Wednesday. Loop Capital set a $8.00 target price on shares of Rent-A-Center and gave the stock a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Finally, BidaskClub raised shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.21.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The company had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Rent-A-Center by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock valued at $63,118,000 after purchasing an additional 223,478 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Rent-A-Center by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after purchasing an additional 68,605 shares during the period. Arlington Value Capital LLC boosted its holdings in Rent-A-Center by 85.2% in the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after purchasing an additional 1,252,756 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Rent-A-Center by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock valued at $20,190,000 after purchasing an additional 23,437 shares during the period. Finally, Brandes Investment Partners LP boosted its holdings in Rent-A-Center by 2.4% in the 2nd quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock valued at $24,290,000 after purchasing an additional 49,068 shares during the period.
Rent-A-Center Company Profile
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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