Rent-A-Center (RCII) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a report published on Tuesday morning.
RCII has been the topic of a number of other reports. BidaskClub upgraded Rent-A-Center from a hold rating to a buy rating in a research report on Wednesday, June 13th. Stephens set a $5.00 target price on Rent-A-Center and gave the stock a sell rating in a research report on Monday, June 11th. Stifel Nicolaus boosted their target price on Rent-A-Center from $9.00 to $12.00 and gave the stock a hold rating in a research report on Tuesday, June 12th. Loop Capital boosted their target price on Rent-A-Center to $11.00 and gave the stock a hold rating in a research report on Monday, June 11th. Finally, Janney Montgomery Scott downgraded Rent-A-Center from a buy rating to a neutral rating in a research report on Monday, June 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $11.00.
Rent-A-Center stock opened at $14.71 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 2.60 and a debt-to-equity ratio of 2.15. Rent-A-Center has a 1-year low of $7.22 and a 1-year high of $14.94.
In other news, insider Engaged Capital Llc sold 4,450,000 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $14.67, for a total value of $65,281,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. 0.88% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of RCII. Chicago Capital Management LLC purchased a new stake in shares of Rent-A-Center in the second quarter valued at $15,150,000. BlackRock Inc. lifted its position in shares of Rent-A-Center by 8.7% in the second quarter. BlackRock Inc. now owns 7,066,882 shares of the company’s stock valued at $104,023,000 after acquiring an additional 566,292 shares in the last quarter. United Services Automobile Association lifted its position in shares of Rent-A-Center by 5,292.2% in the second quarter. United Services Automobile Association now owns 569,361 shares of the company’s stock valued at $117,937,000 after acquiring an additional 558,802 shares in the last quarter. Alta Fundamental Advisers LLC purchased a new stake in shares of Rent-A-Center in the first quarter valued at $4,732,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Rent-A-Center in the second quarter valued at $7,456,000. Institutional investors and hedge funds own 95.50% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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