Shares of Rent-A-Center Inc (NASDAQ:RCII) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.75.
RCII has been the topic of several analyst reports. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Friday, April 13th. Stephens reaffirmed an “equal weight” rating and issued a $5.00 target price (down from $8.00) on shares of Rent-A-Center in a research note on Thursday, February 22nd. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Stifel Nicolaus reduced their price objective on shares of Rent-A-Center from $10.50 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, February 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $9.00 price objective on shares of Rent-A-Center in a research report on Friday, February 23rd.
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Institutional investors have recently modified their holdings of the business. Ellington Management Group LLC bought a new stake in shares of Rent-A-Center during the 4th quarter valued at $208,000. Arlington Value Capital LLC boosted its holdings in shares of Rent-A-Center by 32.6% during the 4th quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock valued at $45,181,000 after buying an additional 1,000,103 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Rent-A-Center during the 4th quarter valued at $172,000. Two Sigma Investments LP boosted its holdings in shares of Rent-A-Center by 367.2% during the 4th quarter. Two Sigma Investments LP now owns 84,316 shares of the company’s stock valued at $936,000 after buying an additional 66,267 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Rent-A-Center during the 4th quarter valued at $2,775,000.
Shares of NASDAQ RCII traded up $0.59 during mid-day trading on Friday, hitting $10.70. The stock had a trading volume of 530,935 shares, compared to its average volume of 1,169,268. The company has a quick ratio of 0.58, a current ratio of 2.51 and a debt-to-equity ratio of 2.34. Rent-A-Center has a 1 year low of $7.22 and a 1 year high of $13.89. The company has a market cap of $540.02 million, a price-to-earnings ratio of -19.06 and a beta of 0.69.
Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Monday, April 30th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.16). Rent-A-Center had a negative return on equity of 13.81% and a negative net margin of 0.24%. The firm had revenue of $698.00 million during the quarter, compared to analysts’ expectations of $701.27 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. equities research analysts anticipate that Rent-A-Center will post 0.09 earnings per share for the current year.
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.