Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Rent-A-Center from a strong-buy rating to a buy rating in a research note on Tuesday, April 9th. TheStreet raised shares of Rent-A-Center from a c rating to a b- rating in a research note on Tuesday, May 7th. Finally, Raymond James raised shares of Rent-A-Center from an outperform rating to a strong-buy rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average price target of $19.25.
Shares of RCII stock opened at $25.95 on Thursday. The company has a quick ratio of 0.82, a current ratio of 2.55 and a debt-to-equity ratio of 2.80. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 24.48 and a beta of 0.42. Rent-A-Center has a 1-year low of $11.56 and a 1-year high of $26.75.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, May 6th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.29. The company had revenue of $696.69 million during the quarter, compared to analyst estimates of $683.62 million. Rent-A-Center had a net margin of 1.34% and a return on equity of 33.38%. Rent-A-Center’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. Equities research analysts anticipate that Rent-A-Center will post 2.12 earnings per share for the current fiscal year.
In other news, EVP Catherine M. Skula sold 5,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $24.45, for a total transaction of $122,250.00. Following the sale, the executive vice president now owns 32,090 shares of the company’s stock, valued at $784,600.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of RCII. Crossmark Global Holdings Inc. purchased a new position in shares of Rent-A-Center during the 4th quarter worth about $237,000. Bank of Montreal Can raised its holdings in shares of Rent-A-Center by 105.6% in the 4th quarter. Bank of Montreal Can now owns 3,831 shares of the company’s stock valued at $62,000 after purchasing an additional 1,968 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Rent-A-Center by 20.2% in the 4th quarter. Rhumbline Advisers now owns 133,041 shares of the company’s stock valued at $2,154,000 after purchasing an additional 22,319 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Rent-A-Center in the 1st quarter valued at about $580,000. Finally, Stone Ridge Asset Management LLC raised its stake in shares of Rent-A-Center by 15.5% during the 4th quarter. Stone Ridge Asset Management LLC now owns 63,834 shares of the company’s stock worth $1,033,000 after acquiring an additional 8,549 shares in the last quarter. 95.40% of the stock is currently owned by institutional investors and hedge funds.
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; wheels and tires; and furniture, including accessories under rental purchase agreements.
Recommended Story: Earnings Per Share (EPS)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.