Rent-A-Center Inc. (RCII) Trading Down 3.1%
Rent-A-Center Inc. (NASDAQ:RCII)’s share price traded down 3.1% during trading on Friday . The stock traded as low as $12.22 and last traded at $12.38, with a volume of 253,222 shares trading hands. The stock had previously closed at $12.77.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Topeka Capital Markets assumed coverage on shares of Rent-A-Center in a research note on Monday, May 23rd. They issued a “buy” rating and a $27.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Rent-A-Center has an average rating of “Buy” and an average price target of $22.72.
The stock’s 50 day moving average price is $12.54 and its 200 day moving average price is $13.24. The firm’s market capitalization is $652.26 million.
Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.08. The firm had revenue of $749.60 million for the quarter, compared to analysts’ expectations of $782.12 million. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. Equities analysts forecast that Rent-A-Center Inc. will post $1.73 earnings per share for the current fiscal year.
In other Rent-A-Center news, CEO Robert Dale Davis acquired 10,000 shares of the stock in a transaction dated Monday, August 1st. The shares were purchased at an average price of $10.87 per share, for a total transaction of $108,700.00. Following the purchase, the chief executive officer now directly owns 131,850 shares of the company’s stock, valued at $1,433,209.50. The acquisition was disclosed in a filing with the SEC, which is available at this link.
An institutional investor recently raised its position in Rent-A-Center stock. Trexquant Investment LP raised its stake in Rent-A-Center Inc. (NASDAQ:RCII) by 156.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 80,476 shares of the company’s stock after buying an additional 49,096 shares during the period. Trexquant Investment LP owned approximately 0.15% of Rent-A-Center worth $1,205,000 at the end of the most recent 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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