Shares of Rent-A-Center Inc. (NASDAQ:RCII) have been given an average recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.50.
Several research analysts recently commented on RCII shares. Loop Capital reaffirmed a “sell” rating and issued a $8.00 price target on shares of Rent-A-Center in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Rent-A-Center from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and set a $12.00 target price on shares of Rent-A-Center in a research report on Thursday. Finally, Stifel Nicolaus reissued a “hold” rating and set a $13.00 target price (up previously from $11.50) on shares of Rent-A-Center in a research report on Friday, July 28th.
Shares of Rent-A-Center (RCII) traded up 1.06% during midday trading on Tuesday, hitting $12.40. 961,587 shares of the stock were exchanged. The firm has a 50 day moving average of $12.76 and a 200-day moving average of $11.24. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89. The stock’s market cap is $660.94 million.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Wednesday, July 26th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.08. The company had revenue of $667.64 million during the quarter, compared to analysts’ expectations of $667.04 million. Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Equities research analysts anticipate that Rent-A-Center will post $0.06 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in RCII. Teachers Advisors LLC boosted its holdings in shares of Rent-A-Center by 14.1% in the 4th quarter. Teachers Advisors LLC now owns 95,214 shares of the company’s stock valued at $1,071,000 after buying an additional 11,761 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Rent-A-Center by 7,016.1% in the 1st quarter. Bank of Montreal Can now owns 65,041 shares of the company’s stock valued at $577,000 after buying an additional 64,127 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Rent-A-Center by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 21,700 shares of the company’s stock valued at $192,000 after buying an additional 300 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of Rent-A-Center in the 1st quarter valued at about $356,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Rent-A-Center by 331.8% in the 1st quarter. Wells Fargo & Company MN now owns 168,780 shares of the company’s stock valued at $1,497,000 after buying an additional 129,688 shares in the last quarter.
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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