Rent-A-Center (NASDAQ:RCII) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group decreased their price target on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. Raymond James Financial restated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and issued a $10.50 price target on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Loop Capital set a $8.00 price target on Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.21.

Shares of Rent-A-Center (NASDAQ:RCII) opened at $10.44 on Friday. Rent-A-Center has a 1 year low of $7.76 and a 1 year high of $13.89. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69.

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

A number of hedge funds have recently bought and sold shares of the business. Westfield Capital Management Co. LP bought a new position in shares of Rent-A-Center during the 2nd quarter worth approximately $326,000. JPMorgan Chase & Co. boosted its stake in shares of Rent-A-Center by 1,124.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock worth $14,405,000 after acquiring an additional 1,128,785 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of Rent-A-Center by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock worth $36,913,000 after acquiring an additional 68,605 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of Rent-A-Center by 13.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 81,797 shares of the company’s stock worth $959,000 after acquiring an additional 9,569 shares during the period. Finally, Rafferty Asset Management LLC bought a new position in shares of Rent-A-Center during the 2nd quarter worth approximately $5,376,000.

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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.

Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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