Raymond James upgraded shares of Rent-A-Center (NASDAQ:RCII) from a market perform rating to an outperform rating in a research report report published on Friday morning, MarketBeat.com reports. Raymond James currently has $25.00 price target on the stock.

RCII has been the subject of several other reports. BidaskClub upgraded shares of Rent-A-Center from a buy rating to a strong-buy rating in a report on Thursday, December 27th. Janney Montgomery Scott upgraded shares of Rent-A-Center from a neutral rating to a buy rating in a report on Tuesday, December 18th. ValuEngine cut shares of Rent-A-Center from a buy rating to a hold rating in a report on Tuesday, December 11th. Finally, Stephens cut shares of Rent-A-Center from an equal weight rating to an underweight rating and set a $16.47 target price for the company. in a report on Thursday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $16.21.

Shares of RCII opened at $21.34 on Friday. Rent-A-Center has a one year low of $8.12 and a one year high of $22.77. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.13 and a beta of 0.27. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 1.88.

In other news, EVP Fred E. Herman sold 2,227 shares of Rent-A-Center stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $17.50, for a total value of $38,972.50. Following the transaction, the executive vice president now owns 28,506 shares of the company’s stock, valued at $498,855. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Christopher A. Korst sold 9,600 shares of Rent-A-Center stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $17.39, for a total transaction of $166,944.00. Following the completion of the transaction, the chief accounting officer now directly owns 50,964 shares in the company, valued at approximately $886,263.96. The disclosure for this sale can be found here. In the last three months, insiders sold 33,208 shares of company stock worth $528,342. Insiders own 0.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Rent-A-Center by 2.1% in the fourth quarter. BlackRock Inc. now owns 6,643,986 shares of the company’s stock valued at $107,566,000 after purchasing an additional 139,757 shares during the period. Engaged Capital LLC raised its position in shares of Rent-A-Center by 17.6% in the fourth quarter. Engaged Capital LLC now owns 5,333,609 shares of the company’s stock valued at $86,351,000 after purchasing an additional 800,000 shares during the period. Vanguard Group Inc raised its position in shares of Rent-A-Center by 4.5% in the third quarter. Vanguard Group Inc now owns 4,956,650 shares of the company’s stock valued at $71,277,000 after purchasing an additional 214,868 shares during the period. Vanguard Group Inc. raised its position in shares of Rent-A-Center by 4.5% in the third quarter. Vanguard Group Inc. now owns 4,956,650 shares of the company’s stock valued at $71,277,000 after purchasing an additional 214,868 shares during the period. Finally, Water Island Capital LLC raised its position in shares of Rent-A-Center by 22.0% in the fourth quarter. Water Island Capital LLC now owns 2,439,551 shares of the company’s stock valued at $39,496,000 after purchasing an additional 440,372 shares during the period. 92.34% of the stock is currently owned by institutional investors.

Rent-A-Center Company Profile

Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

Featured Article: Dividend Achievers

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

Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.