Rent-A-Center Inc. (NASDAQ:RCII)‘s stock had its “market perform” rating reissued by analysts at Raymond James Financial, Inc. in a research report issued on Wednesday, October 25th, MarketBeat.com reports.
Other equities analysts have also recently issued reports about the company. BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and issued a $13.00 price objective (up from $11.50) on shares of Rent-A-Center in a research note on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and issued a $12.00 price objective on shares of Rent-A-Center in a research note on Thursday, September 7th. Finally, Loop Capital restated a “sell” rating and issued a $8.00 price objective on shares of Rent-A-Center in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $11.21.
Rent-A-Center (RCII) opened at $11.39 on Wednesday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. Rent-A-Center has a twelve month low of $7.76 and a twelve month high of $13.89.
Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The firm had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. Rent-A-Center’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. sell-side analysts anticipate that Rent-A-Center will post -0.17 earnings per share for the current year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in RCII. Wells Fargo & Company MN boosted its holdings in shares of Rent-A-Center by 331.8% during the 1st quarter. Wells Fargo & Company MN now owns 168,780 shares of the company’s stock valued at $1,497,000 after purchasing an additional 129,688 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Rent-A-Center in the 1st quarter valued at about $312,000. Ameriprise Financial Inc. lifted its holdings in shares of Rent-A-Center by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 317,528 shares of the company’s stock valued at $2,817,000 after acquiring an additional 12,618 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Rent-A-Center by 22.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 451,769 shares of the company’s stock valued at $4,007,000 after acquiring an additional 81,833 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of Rent-A-Center by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 12,439 shares of the company’s stock valued at $110,000 after acquiring an additional 825 shares during the last quarter.
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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