BidaskClub upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a research note published on Friday morning.
Other equities research analysts also recently issued reports about the stock. Jefferies Group reiterated a hold rating and set a $10.00 price objective on shares of Rent-A-Center in a research note on Wednesday, April 11th. Stephens reiterated an equal weight rating and set a $5.00 price objective (down from $8.00) on shares of Rent-A-Center in a research note on Thursday, February 22nd. ValuEngine upgraded shares of Rent-A-Center from a strong sell rating to a sell rating in a research note on Tuesday, April 3rd. Loop Capital reiterated a sell rating and set a $6.00 price objective (down from $8.00) on shares of Rent-A-Center in a research note on Wednesday, February 21st. Finally, Stifel Nicolaus reduced their price target on shares of Rent-A-Center from $10.50 to $9.00 and set a hold rating on the stock in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $9.20.
Shares of Rent-A-Center stock opened at $10.23 on Friday. The stock has a market cap of $540.01, a price-to-earnings ratio of -18.94 and a beta of 0.74. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 2.77. Rent-A-Center has a 12-month low of $7.22 and a 12-month high of $13.89.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.34). The firm had revenue of $638.95 million for the quarter, compared to analyst estimates of $654.55 million. Rent-A-Center had a negative return on equity of 11.30% and a net margin of 0.25%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) earnings per share. analysts predict that Rent-A-Center will post 0.18 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of RCII. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Rent-A-Center in the 4th quarter valued at approximately $19,474,000. Arlington Value Capital LLC boosted its stake in shares of Rent-A-Center by 32.6% in the 4th quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock valued at $45,181,000 after purchasing an additional 1,000,103 shares in the last quarter. Harvest Capital Strategies LLC acquired a new stake in shares of Rent-A-Center in the 4th quarter valued at approximately $7,379,000. SG Capital Management LLC acquired a new stake in shares of Rent-A-Center in the 4th quarter valued at approximately $6,148,000. Finally, Kennedy Capital Management Inc. acquired a new stake in shares of Rent-A-Center in the 4th quarter valued at approximately $2,775,000.
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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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