Other equities analysts have also issued research reports about the company. Stephens lowered Rent-A-Center from an equal weight rating to an underweight rating in a research note on Friday, January 3rd. Northcoast Research upgraded Rent-A-Center from a neutral rating to a buy rating in a research note on Wednesday, November 13th. Stifel Nicolaus upgraded Rent-A-Center from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research note on Tuesday, November 12th. Finally, BidaskClub lowered Rent-A-Center from a strong-buy rating to a buy rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $26.00.
Rent-A-Center stock traded down $0.77 during mid-day trading on Thursday, reaching $27.97. 381,386 shares of the company were exchanged, compared to its average volume of 507,867. The company has a fifty day simple moving average of $29.18 and a 200-day simple moving average of $26.76. Rent-A-Center has a 12 month low of $17.47 and a 12 month high of $31.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.34 and a quick ratio of 0.51. The firm has a market cap of $1.57 billion, a PE ratio of 11.56 and a beta of 0.40.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were paid a $0.29 dividend. This is a positive change from Rent-A-Center’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, January 3rd. This represents a $1.16 annualized dividend and a dividend yield of 4.15%. Rent-A-Center’s dividend payout ratio (DPR) is presently 109.43%.
In other news, EVP Catherine M. Skula sold 1,380 shares of Rent-A-Center stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $24.90, for a total value of $34,362.00. Following the transaction, the executive vice president now owns 28,470 shares in the company, valued at approximately $708,903. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Usca Ria LLC bought a new position in shares of Rent-A-Center in the 3rd quarter valued at $31,000. Advisory Services Network LLC grew its position in Rent-A-Center by 990.7% during the 4th quarter. Advisory Services Network LLC now owns 1,636 shares of the company’s stock worth $47,000 after acquiring an additional 1,486 shares during the last quarter. US Bancorp DE grew its position in Rent-A-Center by 201.9% during the 4th quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $54,000 after acquiring an additional 1,244 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Rent-A-Center by 61.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,722 shares of the company’s stock worth $70,000 after acquiring an additional 1,033 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Rent-A-Center during the 4th quarter worth $77,000.
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.
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