Rent-A-Center Inc (NASDAQ:RCII) traded down 5.6% during trading on Monday . The stock traded as low as $23.69 and last traded at $23.93. 1,227,141 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 1,519,171 shares. The stock had previously closed at $25.35.
A number of equities research analysts have issued reports on RCII shares. Raymond James upgraded Rent-A-Center from a “market perform” rating to an “outperform” rating and set a $25.00 price target for the company in a research note on Friday, March 15th. BidaskClub upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. TheStreet upgraded Rent-A-Center from a “c” rating to a “b-” rating in a research note on Tuesday, May 7th. ValuEngine upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Janney Montgomery Scott downgraded Rent-A-Center from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.21.
The company has a market cap of $1.29 billion, a PE ratio of 22.97 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 (NASDAQ:RCII) last released its quarterly earnings results on Monday, May 6th. The company reported $0.59 earnings per share (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 quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Equities analysts forecast that Rent-A-Center Inc will post 2.12 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in shares of Rent-A-Center during the 1st quarter valued at approximately $45,737,000. LMR Partners LLP bought a new position in shares of Rent-A-Center during the 4th quarter valued at approximately $31,898,000. Millennium Management LLC grew its stake 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 period. Engaged Capital LLC grew its stake 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 period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Rent-A-Center by 191.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 876,742 shares of the company’s stock valued at $14,194,000 after acquiring an additional 575,452 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.
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About Rent-A-Center (NASDAQ:RCII)
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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