Rent-A-Center (NASDAQ:RCII) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.25.
Several equities research analysts recently weighed in on RCII shares. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research raised Rent-A-Center from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a report on Wednesday, January 17th. ValuEngine lowered Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Finally, Stephens reissued an “equal weight” rating and issued a $5.00 price objective (down previously from $8.00) on shares of Rent-A-Center in a report on Thursday, February 22nd.
Shares of RCII opened at $10.25 on Thursday. Rent-A-Center has a fifty-two week low of $7.22 and a fifty-two week high of $13.89. The stock has a market capitalization of $552.83, a P/E ratio of -18.98 and a beta of 0.74. 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 (NASDAQ:RCII) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.34). Rent-A-Center had a negative return on equity of 11.30% and a net margin of 0.25%. The firm had revenue of $638.95 million during the quarter, compared to analysts’ expectations of $654.55 million. During the same period last year, the business posted ($0.23) EPS. The company’s revenue was down 6.6% compared to the same quarter last year. sell-side analysts expect that Rent-A-Center will post 0.17 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of RCII. Nationwide Fund Advisors grew its holdings in Rent-A-Center by 25.0% during the 3rd quarter. Nationwide Fund Advisors now owns 197,783 shares of the company’s stock valued at $2,271,000 after buying an additional 39,612 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Rent-A-Center by 23.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 507,473 shares of the company’s stock valued at $5,826,000 after buying an additional 96,896 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Rent-A-Center by 43.9% during the 3rd quarter. Wells Fargo & Company MN now owns 69,603 shares of the company’s stock valued at $800,000 after buying an additional 21,232 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Rent-A-Center by 1.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,577,669 shares of the company’s stock valued at $18,112,000 after buying an additional 25,839 shares in the last quarter. Finally, Hollencrest Capital Management grew its holdings in Rent-A-Center by 13.1% during the 4th quarter. Hollencrest Capital Management now owns 77,800 shares of the company’s stock valued at $864,000 after buying an additional 9,000 shares in the last quarter.
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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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