Other equities research analysts also recently issued reports about the company. TheStreet upgraded Rent-A-Center from a “c” rating to a “b-” rating in a research report on Tuesday, May 7th. ValuEngine upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Janney Montgomery Scott downgraded Rent-A-Center from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, February 5th. Raymond James upgraded Rent-A-Center from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $25.00 to $27.00 in a research report on Monday, April 22nd. Finally, Jefferies Financial Group increased their price objective on Rent-A-Center from $19.50 to $22.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.21.
RCII opened at $24.33 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.95 and a beta of 0.38. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.55 and a quick ratio of 0.82. Rent-A-Center has a 1-year low of $9.26 and a 1-year high of $26.75.
Several large investors have recently made changes to their positions in RCII. Renaissance Technologies LLC acquired a new stake in shares of Rent-A-Center during the 1st quarter valued at $45,737,000. LMR Partners LLP acquired a new stake in shares of Rent-A-Center during the 4th quarter valued at $31,898,000. Millennium Management LLC lifted its position in shares of Rent-A-Center by 2,935.8% during the 4th quarter. Millennium Management LLC now owns 1,385,377 shares of the company’s stock valued at $22,429,000 after acquiring an additional 1,339,742 shares during the last quarter. Engaged Capital LLC lifted its position in shares of Rent-A-Center by 17.6% during the 4th quarter. Engaged Capital LLC now owns 5,333,609 shares of the company’s stock valued at $86,351,000 after acquiring an additional 800,000 shares during the last quarter. Finally, Cloverdale Capital Management LLC acquired a new stake in shares of Rent-A-Center during the 1st quarter valued at $15,444,000. Institutional investors own 90.98% of the company’s stock.
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; wheels and tires; and furniture, including accessories under rental purchase agreements.
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