Rent-A-Center Inc (NASDAQ:RCII) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Rent-A-Center Inc (NASDAQ:RCII) have earned an average rating of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $21.80.

A number of equities research analysts have recently commented on the company. Stephens set a $120.00 price objective on Electronic Arts and gave the company a “buy” rating in a research report on Monday, June 24th. Raymond James reaffirmed a “buy” rating on shares of West Fraser Timber in a research report on Monday, April 22nd. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. TheStreet raised Rent-A-Center from a “c” rating to a “b-” rating in a research report on Tuesday, May 7th. Finally, ValuEngine downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research report on Friday, June 28th.

In other Rent-A-Center news, EVP Catherine M. Skula sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total transaction of $122,250.00. Following the completion of the sale, the executive vice president now owns 32,090 shares of the company’s stock, valued at $784,600.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by insiders.



A number of hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund purchased a new stake in Rent-A-Center during the 4th quarter valued at about $273,000. Prudential Financial Inc. grew its position in Rent-A-Center by 0.8% during the 4th quarter. Prudential Financial Inc. now owns 73,284 shares of the company’s stock valued at $1,186,000 after purchasing an additional 579 shares during the last quarter. BlackRock Inc. grew its position in Rent-A-Center by 2.1% during the 4th quarter. BlackRock Inc. now owns 6,643,986 shares of the company’s stock valued at $107,566,000 after purchasing an additional 139,757 shares during the last quarter. Bank of New York Mellon Corp grew its position in Rent-A-Center by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 515,041 shares of the company’s stock valued at $8,339,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in Rent-A-Center by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 29,066 shares of the company’s stock valued at $471,000 after purchasing an additional 1,122 shares during the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ RCII traded down $0.31 during trading on Friday, reaching $26.05. The company had a trading volume of 548,543 shares, compared to its average volume of 1,034,418. Rent-A-Center has a twelve month low of $11.98 and a twelve month high of $28.25. The stock has a market capitalization of $1.43 billion, a PE ratio of 24.58 and a beta of 0.48. The business’s 50-day simple moving average is $25.84. The company has a quick ratio of 0.82, a current ratio of 2.55 and a debt-to-equity ratio of 2.80.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.29. The business had revenue of $696.69 million during the quarter, compared to the consensus estimate of $683.62 million. Rent-A-Center had a return on equity of 33.38% and a net margin of 1.34%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Equities research analysts expect that Rent-A-Center will post 2.12 EPS for the current fiscal year.

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; wheels and tires; and furniture, including accessories under rental purchase agreements.

See Also: Percentage Decliners

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.