Raymond James downgraded shares of Rent-A-Center (NASDAQ:RCII) from an outperform rating to a market perform rating in a research report report published on Monday morning, MarketBeat reports.
Other research analysts have also issued reports about the stock. BidaskClub raised shares of Rent-A-Center from a hold rating to a buy rating in a research note on Friday, April 13th. Stephens reissued an equal weight rating and issued a $5.00 target price (down from $8.00) on shares of Rent-A-Center in a research note on Thursday, February 22nd. Jefferies Financial Group reissued a hold rating and issued a $9.00 target price on shares of Rent-A-Center in a research note on Friday, February 23rd. ValuEngine raised shares of Rent-A-Center from a strong sell rating to a sell rating in a research note on Tuesday, April 3rd. Finally, Zacks Investment Research raised shares of Rent-A-Center from a strong sell rating to a hold rating in a research note on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average target price of $10.20.
Rent-A-Center opened at $14.78 on Monday, according to MarketBeat. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.58 and a current ratio of 2.51. Rent-A-Center has a 1-year low of $7.22 and a 1-year high of $14.94. The company has a market capitalization of $794.81 million, a price-to-earnings ratio of -27.37 and a beta of 0.69.
Rent-A-Center (NASDAQ:RCII) last released its earnings results on Monday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.16). Rent-A-Center had a negative return on equity of 13.81% and a negative net margin of 0.24%. The business had revenue of $698.00 million during the quarter, compared to analysts’ expectations of $701.27 million. During the same period last year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. sell-side analysts forecast that Rent-A-Center will post 0.67 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Ellington Management Group LLC purchased a new stake in shares of Rent-A-Center during the 4th quarter valued at approximately $208,000. Freestone Capital Holdings LLC purchased a new stake in shares of Rent-A-Center during the 1st quarter valued at approximately $2,263,000. Arlington Value Capital LLC raised its position in shares of Rent-A-Center by 32.6% during the 4th quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock valued at $45,181,000 after buying an additional 1,000,103 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Rent-A-Center during the 4th quarter valued at approximately $172,000. Finally, Two Sigma Investments LP raised its position in shares of Rent-A-Center by 367.2% during the 4th quarter. Two Sigma Investments LP now owns 84,316 shares of the company’s stock valued at $936,000 after buying an additional 66,267 shares during the period.
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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