Shares of Rent-A-Center, Inc. (NASDAQ:RCII – Get Rating) saw strong trading volume on Monday . 32,039 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 1,050,327 shares.The stock last traded at $20.61 and had previously closed at $21.11.
A number of equities research analysts have weighed in on the company. StockNews.com downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Stephens downgraded Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 target price for the company. in a report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Rent-A-Center has a consensus rating of “Moderate Buy” and an average target price of $52.75.
The firm has a market capitalization of $1.22 billion, a P/E ratio of 16.12 and a beta of 1.65. The stock has a fifty day simple moving average of $24.18 and a two-hundred day simple moving average of $30.60. The company has a debt-to-equity ratio of 2.68, a current ratio of 3.25 and a quick ratio of 0.73.
Rent-A-Center (NASDAQ:RCII – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Rent-A-Center had a return on equity of 48.47% and a net margin of 1.87%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.32 earnings per share. As a group, sell-side analysts expect that Rent-A-Center, Inc. will post 4.6 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Tuesday, June 21st were issued a dividend of $0.34 per share. The ex-dividend date was Friday, June 17th. This represents a $1.36 annualized dividend and a dividend yield of 6.59%. Rent-A-Center’s dividend payout ratio is 106.25%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCII. UBS Asset Management Americas Inc. increased its holdings in shares of Rent-A-Center by 26.8% during the third quarter. UBS Asset Management Americas Inc. now owns 74,331 shares of the company’s stock valued at $4,178,000 after acquiring an additional 15,699 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings in shares of Rent-A-Center by 7,036.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 96,557 shares of the company’s stock valued at $4,639,000 after acquiring an additional 95,204 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Rent-A-Center during the fourth quarter valued at approximately $434,000. New York State Teachers Retirement System boosted its position in shares of Rent-A-Center by 0.4% during the fourth quarter. New York State Teachers Retirement System now owns 90,224 shares of the company’s stock valued at $4,334,000 after buying an additional 400 shares during the last quarter. Finally, Palouse Capital Management Inc. purchased a new position in shares of Rent-A-Center during the fourth quarter valued at approximately $270,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.
About Rent-A-Center (NASDAQ:RCII)
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Acima, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements.
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