Rent-A-Center (NASDAQ:RCII) Downgraded to Strong Sell at ValuEngine

ValuEngine downgraded shares of Rent-A-Center (NASDAQ:RCII) from a sell rating to a strong sell rating in a research note published on Wednesday morning, ValuEngine reports.

RCII has been the topic of a number of other research reports. Stephens raised Rent-A-Center from an underweight rating to an equal rating and set a $27.00 price objective on the stock in a research note on Monday, June 24th. Janney Montgomery Scott raised Rent-A-Center from a neutral rating to a buy rating in a research note on Thursday, August 8th. BidaskClub raised Rent-A-Center from a hold rating to a buy rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus set a $28.00 target price on Rent-A-Center and gave the stock a hold rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $22.83.

Rent-A-Center stock traded up $0.70 on Wednesday, reaching $25.85. The company’s stock had a trading volume of 645,355 shares, compared to its average volume of 751,594. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 2.97. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 24.39 and a beta of 0.42. The business’s fifty day moving average price is $25.65 and its 200 day moving average price is $24.64. Rent-A-Center has a twelve month low of $11.98 and a twelve month high of $28.25.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $655.90 million for the quarter, compared to analyst estimates of $642.86 million. Rent-A-Center had a return on equity of 32.63% and a net margin of 4.40%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, equities analysts forecast that Rent-A-Center will post 2.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. This is an increase from Rent-A-Center’s previous quarterly dividend of $0.08. Rent-A-Center’s payout ratio is presently 94.34%.

Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV raised its position in shares of Rent-A-Center by 258.1% during the second quarter. KBC Group NV now owns 215,013 shares of the company’s stock worth $5,726,000 after acquiring an additional 154,977 shares during the last quarter. Stone Ridge Asset Management LLC raised its position in shares of Rent-A-Center by 5.8% during the second quarter. Stone Ridge Asset Management LLC now owns 61,740 shares of the company’s stock worth $1,644,000 after acquiring an additional 3,400 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Rent-A-Center during the first quarter worth $1,475,000. Hillsdale Investment Management Inc. bought a new stake in shares of Rent-A-Center during the second quarter worth $855,000. Finally, SG Americas Securities LLC bought a new stake in shares of Rent-A-Center during the second quarter worth $136,000. Institutional investors own 95.28% 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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Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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