First Wilshire Securities Management Inc. lowered its position in Rent-A-Center (NASDAQ:RCII) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 234,136 shares of the company’s stock after selling 5,775 shares during the period. First Wilshire Securities Management Inc. owned approximately 0.44% of Rent-A-Center worth $2,599,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Rent-A-Center in the 2nd quarter worth approximately $120,000. Crossmark Global Holdings Inc. purchased a new position in shares of Rent-A-Center in the 3rd quarter worth approximately $132,000. Franklin Resources Inc. purchased a new position in shares of Rent-A-Center in the 4th quarter worth approximately $172,000. Teacher Retirement System of Texas purchased a new position in shares of Rent-A-Center in the 4th quarter worth approximately $202,000. Finally, Ellington Management Group LLC purchased a new position in shares of Rent-A-Center in the 4th quarter worth approximately $208,000.
Shares of NASDAQ RCII opened at $9.52 on Friday. The company has a quick ratio of 0.53, a current ratio of 2.77 and a debt-to-equity ratio of 2.47. Rent-A-Center has a 12 month low of $7.22 and a 12 month high of $13.89. The company has a market cap of $509.57, a price-to-earnings ratio of -17.63 and a beta of 0.74.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.34). Rent-A-Center had a net margin of 0.25% and a negative return on equity of 11.30%. The business had revenue of $638.95 million for the quarter, compared to analyst estimates of $654.55 million. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. equities research analysts forecast that Rent-A-Center will post 0.16 earnings per share for the current year.
A number of analysts recently commented on the stock. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Jefferies Group reiterated a “hold” rating and issued a $9.00 target price on shares of Rent-A-Center in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Stifel Nicolaus lowered their target price on shares of Rent-A-Center from $10.50 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, February 27th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.50.
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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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