Stifel Nicolaus restated their hold rating on shares of Rent-A-Center Inc. (NASDAQ:RCII) in a research note released on Wednesday morning. Stifel Nicolaus currently has a $10.50 price objective on the stock.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Rent-A-Center from a hold rating to a buy rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded Rent-A-Center from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research note on Monday, October 2nd. Jefferies Group LLC reiterated a hold rating and issued a $12.00 price objective on shares of Rent-A-Center in a research note on Thursday, September 7th. Raymond James Financial, Inc. reiterated a market perform rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Finally, Loop Capital reiterated a sell rating and issued a $8.00 price objective on shares of Rent-A-Center in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $11.21.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data 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 company had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis.

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Large investors have recently bought and sold shares of the business. Westfield Capital Management Co. LP acquired a new position in Rent-A-Center during the 2nd quarter worth $326,000. Principal Financial Group Inc. lifted its holdings in Rent-A-Center by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 404,339 shares of the company’s stock worth $3,586,000 after buying an additional 14,559 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 1,128,785 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in 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 buying an additional 9,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Rent-A-Center by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 586,554 shares of the company’s stock worth $5,202,000 after buying an additional 167,333 shares in the last quarter.

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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