Rent-A-Center Inc (NASDAQ:RCII) Given Average Recommendation of “Buy” by Brokerages

Rent-A-Center Inc (NASDAQ:RCII) has received an average rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.00.

Several research firms have issued reports on RCII. Northcoast Research upgraded shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday, November 12th. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Finally, ValuEngine upgraded Rent-A-Center from a “strong sell” rating to a “sell” rating in a research report on Saturday.

In related news, EVP Catherine M. Skula sold 1,380 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $24.90, for a total value of $34,362.00. Following the sale, the executive vice president now directly owns 28,470 shares of the company’s stock, valued at $708,903. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Usca Ria LLC purchased a new stake in shares of Rent-A-Center during the 3rd quarter valued at $31,000. Tower Research Capital LLC TRC increased its stake in Rent-A-Center by 126.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the company’s stock valued at $45,000 after acquiring an additional 942 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Rent-A-Center by 74.6% in the second quarter. Meeder Asset Management Inc. now owns 2,275 shares of the company’s stock valued at $60,000 after acquiring an additional 972 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Rent-A-Center during the second quarter valued at about $111,000. Finally, SG Americas Securities LLC purchased a new stake in Rent-A-Center during the second quarter valued at about $136,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Shares of RCII opened at $27.41 on Tuesday. The business’s 50-day moving average price is $25.35 and its 200-day moving average price is $25.66. Rent-A-Center has a twelve month low of $11.98 and a twelve month high of $28.25. The stock has a market cap of $1.46 billion, a PE ratio of 25.86 and a beta of 0.39. The company has a quick ratio of 0.51, a current ratio of 2.34 and a debt-to-equity ratio of 1.21.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $649.37 million during the quarter, compared to the consensus estimate of $630.83 million. Rent-A-Center had a net margin of 5.09% and a return on equity of 31.75%. Rent-A-Center’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Analysts expect that Rent-A-Center will post 2.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.23%. This is a boost from Rent-A-Center’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, January 3rd. Rent-A-Center’s dividend payout ratio is 94.34%.

About Rent-A-Center

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; wheels and tires; and furniture, including accessories under rental purchase agreements.

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

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