Rent-A-Center (RCII) Trading Down 0.4%
Shares of Rent-A-Center Inc (NASDAQ:RCII) traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $10.39 and last traded at $11.10. 691,900 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,716,621 shares. The stock had previously closed at $11.15.
Several analysts recently issued reports on the stock. Jefferies Group cut their price target on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, November 1st. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Loop Capital set a $8.00 target price on shares of Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reiterated a “hold” rating and set a $10.50 target price on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Rent-A-Center currently has a consensus rating of “Hold” and an average target price of $11.21.
The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69. The company has a market cap of $558.71, a P/E ratio of -3.12 and a beta of 0.69.
Rent-A-Center (NASDAQ:RCII) last released its earnings results 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 business had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. equities analysts anticipate that Rent-A-Center Inc will post -0.19 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in RCII. Raymond James Financial Services Advisors Inc. bought a new position in shares of Rent-A-Center during the second quarter worth about $120,000. Cubist Systematic Strategies LLC bought a new position in shares of Rent-A-Center during the second quarter worth about $132,000. Crossmark Global Holdings Inc. bought a new position in shares of Rent-A-Center during the third quarter worth about $132,000. Piedmont Investment Advisors LLC bought a new position in shares of Rent-A-Center during the second quarter worth about $136,000. Finally, Municipal Employees Retirement System of Michigan grew its position in shares of Rent-A-Center by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock worth $147,000 after acquiring an additional 440 shares during the last quarter.
Rent-A-Center Company Profile
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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