Brokerages Set Rent-A-Center Inc (RCII) Price Target at $15.32

Rent-A-Center Inc (NASDAQ:RCII) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.21.

RCII has been the subject of a number of research reports. Raymond James lifted their price objective on shares of Rent-A-Center from $16.00 to $17.50 and gave the company an “outperform” rating in a report on Tuesday, January 8th. BidaskClub upgraded shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 27th. Janney Montgomery Scott upgraded shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a report on Tuesday, December 18th. ValuEngine cut shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Stephens cut shares of Rent-A-Center from an “equal weight” rating to an “underweight” rating and set a $16.47 price target for the company. in a report on Thursday, January 3rd.

In other news, CAO Christopher A. Korst sold 9,600 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $17.39, for a total transaction of $166,944.00. Following the completion of the sale, the chief accounting officer now owns 50,964 shares in the company, valued at approximately $886,263.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Catherine M. Skula sold 21,381 shares of the business’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $15.08, for a total transaction of $322,425.48. Following the sale, the executive vice president now owns 33,998 shares of the company’s stock, valued at approximately $512,689.84. The disclosure for this sale can be found here. Insiders have sold a total of 33,208 shares of company stock valued at $528,342 in the last quarter. 0.88% of the stock is currently owned by company insiders.



Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Rent-A-Center by 2.1% during the 4th quarter. BlackRock Inc. now owns 6,643,986 shares of the company’s stock worth $107,566,000 after buying an additional 139,757 shares during the last quarter. Engaged Capital LLC raised its position in Rent-A-Center by 17.6% in the 4th quarter. Engaged Capital LLC now owns 5,333,609 shares of the company’s stock valued at $86,351,000 after purchasing an additional 800,000 shares during the last quarter. Vanguard Group Inc. raised its position in Rent-A-Center by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,956,650 shares of the company’s stock valued at $71,277,000 after purchasing an additional 214,868 shares during the last quarter. Vanguard Group Inc raised its position in Rent-A-Center by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 4,956,650 shares of the company’s stock valued at $71,277,000 after purchasing an additional 214,868 shares during the last quarter. Finally, Water Island Capital LLC raised its position in Rent-A-Center by 22.0% in the 4th quarter. Water Island Capital LLC now owns 2,439,551 shares of the company’s stock valued at $39,496,000 after purchasing an additional 440,372 shares during the last quarter. Institutional investors and hedge funds own 92.34% of the company’s stock.

Shares of RCII stock traded up $0.03 during trading on Friday, reaching $21.33. The company’s stock had a trading volume of 1,400,979 shares, compared to its average volume of 1,575,733. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.67 and a current ratio of 2.46. The stock has a market capitalization of $1.14 billion, a P/E ratio of 20.12 and a beta of 0.27. Rent-A-Center has a 1-year low of $8.12 and a 1-year high of $22.77.

About Rent-A-Center

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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Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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