Rent-A-Center Inc (RCII) Receives $13.50 Consensus Price Target from Brokerages

Rent-A-Center Inc (NASDAQ:RCII) has received an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $13.50.

A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. BidaskClub downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Thursday, August 23rd. Finally, Loop Capital reaffirmed a “sell” rating and set a $15.00 price target on shares of Rent-A-Center in a research note on Tuesday, October 9th.

NASDAQ:RCII traded down $0.08 during mid-day trading on Friday, reaching $14.52. The stock had a trading volume of 847,086 shares, compared to its average volume of 669,340. The company has a quick ratio of 0.66, a current ratio of 2.56 and a debt-to-equity ratio of 1.90. The company has a market cap of $785.60 million, a P/E ratio of -26.89 and a beta of 0.62. Rent-A-Center has a twelve month low of $7.22 and a twelve month high of $14.94.

Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Monday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Rent-A-Center had a net margin of 1.58% and a return on equity of 6.16%. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $636.43 million. During the same period last year, the company posted ($0.15) earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Rent-A-Center will post 0.84 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in RCII. Northern Trust Corp grew its position in Rent-A-Center by 4.5% in the second quarter. Northern Trust Corp now owns 593,701 shares of the company’s stock worth $8,739,000 after acquiring an additional 25,637 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Rent-A-Center by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 140,606 shares of the company’s stock valued at $2,069,000 after buying an additional 5,117 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Rent-A-Center by 183.8% during the 3rd quarter. Dupont Capital Management Corp now owns 102,000 shares of the company’s stock worth $1,467,000 after purchasing an additional 66,061 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Rent-A-Center during the 2nd quarter worth about $7,456,000. Finally, Water Island Capital LLC increased its position in shares of Rent-A-Center by 252.1% during the 3rd quarter. Water Island Capital LLC now owns 1,999,179 shares of the company’s stock worth $28,748,000 after purchasing an additional 1,431,438 shares in the last quarter. Hedge funds and other institutional investors own 94.69% of the company’s stock.

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.

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

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