Several other brokerages have also recently issued reports on RCII. ValuEngine cut Rent-A-Center from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus set a $28.00 price objective on Rent-A-Center and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Janney Montgomery Scott raised Rent-A-Center from a “neutral” rating to a “buy” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.40.
Shares of NASDAQ RCII traded down $1.34 during midday trading on Thursday, hitting $26.23. The company’s stock had a trading volume of 13,881 shares, compared to its average volume of 648,495. The company has a current ratio of 2.97, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. The business’s 50 day moving average is $25.90 and its two-hundred day moving average is $25.20. Rent-A-Center has a 12-month low of $11.98 and a 12-month high of $28.25. The firm has a market cap of $1.45 billion, a P/E ratio of 24.68 and a beta of 0.42.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in Rent-A-Center by 126.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the company’s stock valued at $45,000 after acquiring an additional 942 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Rent-A-Center by 74.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,275 shares of the company’s stock worth $60,000 after purchasing an additional 972 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Rent-A-Center in the 2nd quarter worth $111,000. First Quadrant L P CA boosted its position in shares of Rent-A-Center by 17.6% in the 2nd quarter. First Quadrant L P CA now owns 5,111 shares of the company’s stock worth $136,000 after purchasing an additional 765 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Rent-A-Center during the 2nd quarter worth $136,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.
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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