ValuEngine upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

RCII has been the topic of several other reports. BidaskClub cut shares of Rent-A-Center from a hold rating to a sell rating in a research note on Thursday, August 23rd. Janney Montgomery Scott cut shares of Rent-A-Center from a buy rating to a neutral rating in a research note on Monday, June 18th. Stephens raised shares of Rent-A-Center from an underweight rating to an equal rating in a research note on Monday, June 18th. Stifel Nicolaus raised their target price on shares of Rent-A-Center from $9.00 to $12.00 and gave the stock a hold rating in a research report on Tuesday, June 12th. Finally, TheStreet raised shares of Rent-A-Center from a d+ rating to a c- rating in a research report on Monday, July 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $11.00.

NASDAQ:RCII opened at $14.75 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 2.60 and a debt-to-equity ratio of 2.15. Rent-A-Center has a twelve month low of $7.22 and a twelve month high of $14.94. The stock has a market cap of $788.70 million, a price-to-earnings ratio of -27.31 and a beta of 0.59.

Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Monday, July 30th. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.24. Rent-A-Center had a net margin of 0.61% and a negative return on equity of 3.42%. The firm had revenue of $655.70 million during the quarter, compared to the consensus estimate of $645.49 million. During the same period last year, the firm posted ($0.01) EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. research analysts forecast that Rent-A-Center will post 0.67 EPS for the current year.

In related news, insider Engaged Capital Llc sold 4,450,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $14.67, for a total value of $65,281,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mint Tower Capital Management B.V. acquired a new stake in shares of Rent-A-Center in the second quarter worth approximately $147,000. Cubist Systematic Strategies LLC purchased a new position in Rent-A-Center in the first quarter valued at approximately $148,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Rent-A-Center in the second quarter valued at approximately $166,000. Gargoyle Investment Advisor L.L.C. raised its holdings in Rent-A-Center by 72.3% in the first quarter. Gargoyle Investment Advisor L.L.C. now owns 26,923 shares of the company’s stock valued at $232,000 after buying an additional 11,300 shares during the period. Finally, Gabelli Funds LLC purchased a new position in Rent-A-Center in the second quarter valued at approximately $256,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: NASDAQ

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.