Arizona State Retirement System raised its stake in shares of Rent-A-Center Inc (NASDAQ:RCII) by 223.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,603 shares of the company’s stock after purchasing an additional 61,903 shares during the period. Arizona State Retirement System’s holdings in Rent-A-Center were worth $995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of RCII. M&T Bank Corp purchased a new stake in shares of Rent-A-Center in the fourth quarter worth approximately $446,000. Teacher Retirement System of Texas purchased a new stake in shares of Rent-A-Center in the fourth quarter worth approximately $202,000. SG Capital Management LLC purchased a new stake in shares of Rent-A-Center in the fourth quarter worth approximately $6,148,000. Lenox Wealth Management Inc. raised its holdings in shares of Rent-A-Center by 8.7% in the fourth quarter. Lenox Wealth Management Inc. now owns 61,032 shares of the company’s stock worth $677,000 after buying an additional 4,869 shares during the period. Finally, Strs Ohio raised its holdings in shares of Rent-A-Center by 9.2% in the fourth quarter. Strs Ohio now owns 65,100 shares of the company’s stock worth $722,000 after buying an additional 5,500 shares during the period.
Rent-A-Center Inc (NASDAQ:RCII) opened at $9.05 on Friday. The company has a market capitalization of $482.33, a price-to-earnings ratio of 82.28 and a beta of 0.90. Rent-A-Center Inc has a fifty-two week low of $7.22 and a fifty-two week high of $13.89. The company has a current ratio of 2.77, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Tuesday, February 20th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.34). The company had revenue of $638.95 million for the quarter, compared to the consensus estimate of $654.55 million. Rent-A-Center had a net margin of 0.25% and a negative return on equity of 11.30%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business posted ($0.23) EPS. equities analysts predict that Rent-A-Center Inc will post 0.16 earnings per share for the current fiscal year.
RCII has been the topic of several research reports. Zacks Investment Research upgraded Rent-A-Center from a “sell” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. BidaskClub downgraded Rent-A-Center from a “sell” rating to a “strong sell” rating in a report on Thursday, February 22nd. Loop Capital restated a “sell” rating and set a $6.00 price objective (down from $8.00) on shares of Rent-A-Center in a report on Wednesday, February 21st. Finally, Stifel Nicolaus reduced their price objective on Rent-A-Center from $10.50 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, February 27th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.86.
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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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