BidaskClub upgraded shares of Rent-A-Center (NASDAQ:RCII) from a sell rating to a hold rating in a research note released on Wednesday morning.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Rent-A-Center from a hold rating to a buy rating and set a $13.00 price target on the stock in a report on Monday, October 2nd. Jefferies Group lowered 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. Stifel Nicolaus reissued a hold rating and issued a $10.50 price target on shares of Rent-A-Center in a report on Wednesday, November 1st. Raymond James Financial reissued a market perform rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Finally, Loop Capital set a $8.00 price target on shares of Rent-A-Center and gave the company a sell rating in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $11.21.
Shares of Rent-A-Center (RCII) opened at $11.78 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69. Rent-A-Center has a fifty-two week low of $7.76 and a fifty-two week high of $13.89.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). The business had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. sell-side analysts expect that Rent-A-Center will post -0.19 EPS for the current year.
Several large investors have recently modified their holdings of RCII. Teachers Advisors LLC boosted its stake in shares of Rent-A-Center by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 97,553 shares of the company’s stock valued at $865,000 after purchasing an additional 2,339 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Rent-A-Center by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock valued at $20,190,000 after purchasing an additional 23,437 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Rent-A-Center by 79.2% in the 1st quarter. Bank of America Corp DE now owns 158,104 shares of the company’s stock valued at $1,402,000 after purchasing an additional 69,899 shares in the last quarter. State Street Corp boosted its stake in shares of Rent-A-Center by 19.2% in the 1st quarter. State Street Corp now owns 1,899,273 shares of the company’s stock valued at $16,841,000 after purchasing an additional 305,946 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of Rent-A-Center by 5.2% in the 1st quarter. Credit Suisse AG now owns 161,744 shares of the company’s stock valued at $1,434,000 after purchasing an additional 8,035 shares in the last quarter.
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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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