Rent-A-Center, Inc. (NASDAQ:RCII – Get Rating) Director Jeffrey J. Brown purchased 1,084 shares of the business’s stock in a transaction on Tuesday, January 10th. The stock was purchased at an average cost of $24.20 per share, for a total transaction of $26,232.80. Following the completion of the acquisition, the director now directly owns 78,228 shares of the company’s stock, valued at approximately $1,893,117.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Rent-A-Center Stock Down 1.1 %
Rent-A-Center stock traded down $0.29 during mid-day trading on Thursday, reaching $25.02. 365,656 shares of the company’s stock were exchanged, compared to its average volume of 494,945. Rent-A-Center, Inc. has a twelve month low of $16.82 and a twelve month high of $47.00. The company has a fifty day moving average of $22.84 and a 200-day moving average of $23.13. The company has a quick ratio of 0.93, a current ratio of 3.33 and a debt-to-equity ratio of 2.50. The company has a market cap of $1.39 billion, a P/E ratio of 84.37 and a beta of 1.76.
Rent-A-Center (NASDAQ:RCII – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Rent-A-Center had a net margin of 0.44% and a return on equity of 44.72%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company’s quarterly revenue was down 15.3% compared to the same quarter last year. Sell-side analysts expect that Rent-A-Center, Inc. will post 3.59 EPS for the current year.
Rent-A-Center Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Tuesday, December 20th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Monday, December 19th. Rent-A-Center’s dividend payout ratio is presently 453.33%.
Analyst Ratings Changes
Several equities analysts have issued reports on RCII shares. KeyCorp cut their price target on shares of Rent-A-Center from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. Bank of America decreased their target price on shares of Rent-A-Center from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, September 30th. StockNews.com downgraded shares of Rent-A-Center from a “buy” rating to a “hold” rating in a research report on Saturday, January 7th. Raymond James decreased their price objective on shares of Rent-A-Center from $35.00 to $28.00 and set an “outperform” rating for the company in a research report on Monday, October 3rd. Finally, Craig Hallum assumed coverage on shares of Rent-A-Center in a research note on Monday, December 5th. They set a “buy” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.80.
Institutional Investors Weigh In On Rent-A-Center
A number of large investors have recently modified their holdings of RCII. Public Employees Retirement System of Ohio increased its position in shares of Rent-A-Center by 29.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,249 shares of the company’s stock valued at $74,000 after purchasing an additional 968 shares during the last quarter. Point72 Hong Kong Ltd grew its position in shares of Rent-A-Center by 16.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 5,897 shares of the company’s stock valued at $115,000 after buying an additional 847 shares during the last quarter. CX Institutional purchased a new position in shares of Rent-A-Center in the 2nd quarter valued at $124,000. Prentice Wealth Management LLC purchased a new position in shares of Rent-A-Center in the 2nd quarter valued at $128,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Rent-A-Center in the 3rd quarter valued at $144,000. 86.08% of the stock is owned by hedge funds and other institutional investors.
About Rent-A-Center
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
RCII has been the subject of several other research reports. KeyCorp cut their target price on Rent-A-Center from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Raymond James reduced their price objective on shares of Rent-A-Center from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, October 3rd. Craig Hallum initiated coverage on shares of Rent-A-Center in a research report on Monday, December 5th. They set a “buy” rating and a $40.00 target price for the company. Finally, Bank of America reduced their price target on shares of Rent-A-Center from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 30th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Rent-A-Center has an average rating of “Moderate Buy” and an average price target of $34.80.
Rent-A-Center Trading Up 2.7 %
Rent-A-Center stock opened at $24.41 on Friday. Rent-A-Center has a 12-month low of $16.82 and a 12-month high of $48.38. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 81.37 and a beta of 1.76. The firm has a 50 day moving average of $22.59 and a 200 day moving average of $23.04. The company has a current ratio of 3.33, a quick ratio of 0.93 and a debt-to-equity ratio of 2.50.
Rent-A-Center (NASDAQ:RCII – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Rent-A-Center had a net margin of 0.44% and a return on equity of 44.72%. The company’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. As a group, research analysts predict that Rent-A-Center will post 3.59 earnings per share for the current year.
Insider Activity at Rent-A-Center
In other Rent-A-Center news, Director Jeffrey J. Brown acquired 1,475 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was acquired at an average cost of $17.45 per share, with a total value of $25,738.75. Following the purchase, the director now directly owns 77,144 shares of the company’s stock, valued at approximately $1,346,162.80. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in Rent-A-Center by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 898,624 shares of the company’s stock valued at $22,637,000 after purchasing an additional 14,110 shares during the period. Citigroup Inc. boosted its holdings in shares of Rent-A-Center by 2.3% in the 1st quarter. Citigroup Inc. now owns 56,586 shares of the company’s stock worth $1,425,000 after purchasing an additional 1,271 shares during the period. Natixis Advisors L.P. increased its position in shares of Rent-A-Center by 22.2% during the 1st quarter. Natixis Advisors L.P. now owns 32,336 shares of the company’s stock valued at $815,000 after purchasing an additional 5,864 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Rent-A-Center by 55.3% during the 1st quarter. MetLife Investment Management LLC now owns 36,471 shares of the company’s stock valued at $919,000 after buying an additional 12,981 shares during the period. Finally, Rhumbline Advisers lifted its position in Rent-A-Center by 6.4% in the first quarter. Rhumbline Advisers now owns 160,642 shares of the company’s stock worth $4,047,000 after buying an additional 9,611 shares during the last quarter. Institutional investors own 86.08% of the company’s stock.
About Rent-A-Center
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.
A number of other equities analysts have also commented on the company. Raymond James cut their price target on Rent-A-Center from $35.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, October 3rd. Bank of America decreased their price target on Rent-A-Center from $37.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, September 30th. Finally, KeyCorp cut their price objective on shares of Rent-A-Center from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Friday, November 4th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.50.
Rent-A-Center Stock Up 0.5 %
Shares of NASDAQ RCII opened at $22.25 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 3.33 and a debt-to-equity ratio of 2.50. The company’s fifty day simple moving average is $21.46 and its 200 day simple moving average is $23.77. The firm has a market cap of $1.24 billion, a PE ratio of 74.17 and a beta of 1.78. Rent-A-Center has a 12-month low of $16.82 and a 12-month high of $51.98.
Rent-A-Center (NASDAQ:RCII – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. Rent-A-Center had a return on equity of 44.72% and a net margin of 0.44%. The business had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $1.52 EPS. Rent-A-Center’s quarterly revenue was down 15.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Rent-A-Center will post 3.65 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Jeffrey J. Brown acquired 1,475 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were purchased at an average price of $17.45 per share, for a total transaction of $25,738.75. Following the completion of the acquisition, the director now owns 77,144 shares in the company, valued at $1,346,162.80. The purchase was disclosed in a filing with the SEC, which is available at this link. 11.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Rent-A-Center
Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Rent-A-Center by 34.4% in the second quarter. FMR LLC now owns 7,855,208 shares of the company’s stock worth $152,784,000 after purchasing an additional 2,011,123 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Rent-A-Center by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,968,555 shares of the company’s stock valued at $104,510,000 after buying an additional 66,728 shares during the period. Engaged Capital LLC raised its holdings in shares of Rent-A-Center by 8.9% during the third quarter. Engaged Capital LLC now owns 2,564,544 shares of the company’s stock valued at $44,905,000 after acquiring an additional 208,814 shares in the last quarter. State Street Corp boosted its holdings in Rent-A-Center by 8.8% in the first quarter. State Street Corp now owns 2,333,336 shares of the company’s stock valued at $58,777,000 after acquiring an additional 189,510 shares in the last quarter. Finally, Ieq Capital LLC increased its position in Rent-A-Center by 1.9% during the 2nd quarter. Ieq Capital LLC now owns 2,056,333 shares of the company’s stock valued at $39,995,000 after purchasing an additional 39,330 shares during the period. Hedge funds and other institutional investors own 83.45% 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 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) had its target price decreased by investment analysts at KeyCorp from $37.00 to $34.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 59.92% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Raymond James lowered their price target on Rent-A-Center from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, October 3rd. StockNews.com assumed coverage on Rent-A-Center in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Bank of America decreased their price objective on Rent-A-Center from $37.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Rent-A-Center currently has an average rating of “Moderate Buy” and a consensus target price of $33.50.
Rent-A-Center Price Performance
NASDAQ:RCII opened at $21.26 on Friday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 70.87 and a beta of 1.78. Rent-A-Center has a 52-week low of $16.82 and a 52-week high of $52.00. The stock has a fifty day moving average of $22.13 and a 200 day moving average of $23.95. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.83 and a current ratio of 3.37.
Rent-A-Center (NASDAQ:RCII – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.05. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.01 billion. Rent-A-Center had a return on equity of 46.90% and a net margin of 1.02%. The firm’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share. On average, research analysts expect that Rent-A-Center will post 3.74 EPS for the current fiscal year.
Insider Buying and Selling at Rent-A-Center
In related news, Director Jeffrey J. Brown purchased 1,475 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were purchased at an average cost of $17.45 per share, with a total value of $25,738.75. Following the transaction, the director now directly owns 77,144 shares in the company, valued at approximately $1,346,162.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 11.00% of the company’s stock.
Institutional Trading of Rent-A-Center
A number of hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. raised its holdings in Rent-A-Center by 11.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 4,378 shares of the company’s stock worth $110,000 after acquiring an additional 441 shares during the last quarter. California Public Employees Retirement System raised its stake in Rent-A-Center by 0.5% during the 2nd quarter. California Public Employees Retirement System now owns 100,627 shares of the company’s stock valued at $1,957,000 after buying an additional 484 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of Rent-A-Center by 4.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 13,175 shares of the company’s stock worth $231,000 after purchasing an additional 609 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Rent-A-Center by 5.5% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 12,730 shares of the company’s stock worth $321,000 after purchasing an additional 664 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Rent-A-Center by 7.1% in the 1st quarter. Teacher Retirement System of Texas now owns 12,346 shares of the company’s stock worth $311,000 after purchasing an additional 822 shares in the last quarter. 83.45% of the stock is owned by institutional investors.
Rent-A-Center Company Profile
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) had its target price dropped by investment analysts at Raymond James from $35.00 to $28.00 in a research report issued on Monday, The Fly reports. Raymond James’ price objective would indicate a potential upside of 59.91% from the stock’s current price.
Several other brokerages have also commented on RCII. Bank of America lowered their price objective on shares of Rent-A-Center from $37.00 to $30.00 in a report on Friday. KeyCorp lowered their price objective on shares of Rent-A-Center from $41.00 to $37.00 and set an “overweight” rating for the company in a report on Friday. Stephens lowered shares of Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 price objective for the company. in a report on Wednesday, June 29th. Finally, StockNews.com lowered shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Friday.
Rent-A-Center Stock Performance
Rent-A-Center stock opened at $17.51 on Monday. The company has a current ratio of 3.37, a quick ratio of 0.83 and a debt-to-equity ratio of 2.45. The firm has a 50-day moving average of $25.99 and a 200-day moving average of $24.97. The firm has a market cap of $1.04 billion, a P/E ratio of 24.66 and a beta of 1.74. Rent-A-Center has a 1-year low of $17.50 and a 1-year high of $58.79.
Rent-A-Center (NASDAQ:RCII – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.15. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Rent-A-Center had a net margin of 1.02% and a return on equity of 46.90%. During the same period in the prior year, the business posted $1.63 earnings per share. Sell-side analysts expect that Rent-A-Center will post 4.2 EPS for the current year.
Insider Buying and Selling at Rent-A-Center
In other Rent-A-Center news, Director Jeffrey J. Brown bought 1,223 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was acquired at an average price of $20.69 per share, with a total value of $25,303.87. Following the completion of the purchase, the director now owns 75,669 shares of the company’s stock, valued at $1,565,591.61. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.00% of the company’s stock.
Hedge Funds Weigh In On Rent-A-Center
Institutional investors and hedge funds have recently made changes to their positions in the business. Ieq Capital LLC bought a new stake in shares of Rent-A-Center during the first quarter valued at approximately $50,808,000. FMR LLC increased its position in shares of Rent-A-Center by 34.4% during the second quarter. FMR LLC now owns 7,855,208 shares of the company’s stock valued at $152,784,000 after acquiring an additional 2,011,123 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Rent-A-Center by 1,220.7% during the first quarter. Victory Capital Management Inc. now owns 270,330 shares of the company’s stock valued at $6,520,000 after acquiring an additional 249,861 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC increased its position in shares of Rent-A-Center by 255.0% during the first quarter. Philadelphia Financial Management of San Francisco LLC now owns 342,345 shares of the company’s stock valued at $8,624,000 after acquiring an additional 245,902 shares in the last quarter. Finally, State Street Corp increased its position in shares of Rent-A-Center by 8.8% during the first quarter. State Street Corp now owns 2,333,336 shares of the company’s stock valued at $58,777,000 after acquiring an additional 189,510 shares in the last quarter. Institutional investors own 83.45% 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 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) had its price objective lowered by equities research analysts at Bank of America from $37.00 to $30.00 in a research report issued to clients and investors on Friday, The Fly reports. Bank of America‘s price target suggests a potential upside of 34.35% from the company’s previous close.
A number of other equities analysts also recently weighed in on RCII. KeyCorp decreased their target price on shares of Rent-A-Center from $41.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday. Stephens downgraded shares of Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 price target for the company. in a research report on Wednesday, June 29th. Finally, StockNews.com raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st.
Rent-A-Center Stock Performance
NASDAQ RCII opened at $22.33 on Friday. The company has a 50-day simple moving average of $26.12 and a two-hundred day simple moving average of $25.06. The company has a quick ratio of 0.83, a current ratio of 3.37 and a debt-to-equity ratio of 2.45. Rent-A-Center has a 12-month low of $18.88 and a 12-month high of $58.87. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 31.45 and a beta of 1.61.
Rent-A-Center (NASDAQ:RCII – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.15. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. Rent-A-Center had a net margin of 1.02% and a return on equity of 46.90%. During the same period in the prior year, the business posted $1.63 earnings per share. On average, equities analysts forecast that Rent-A-Center will post 4.2 EPS for the current year.
Insider Activity
In related news, Director Jeffrey J. Brown purchased 1,223 shares of Rent-A-Center stock in a transaction on Tuesday, July 12th. The shares were bought at an average cost of $20.69 per share, for a total transaction of $25,303.87. Following the acquisition, the director now owns 75,669 shares in the company, valued at approximately $1,565,591.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.
Institutional Trading of Rent-A-Center
A number of large investors have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Rent-A-Center by 34.4% in the 2nd quarter. FMR LLC now owns 7,855,208 shares of the company’s stock worth $152,784,000 after buying an additional 2,011,123 shares during the last quarter. State Street Corp boosted its stake in shares of Rent-A-Center by 8.8% during the 1st quarter. State Street Corp now owns 2,333,336 shares of the company’s stock worth $58,777,000 after purchasing an additional 189,510 shares during the period. Ieq Capital LLC boosted its stake in shares of Rent-A-Center by 1.9% during the 2nd quarter. Ieq Capital LLC now owns 2,056,333 shares of the company’s stock worth $39,995,000 after purchasing an additional 39,330 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Rent-A-Center by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 898,624 shares of the company’s stock worth $22,637,000 after purchasing an additional 14,110 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Rent-A-Center by 12.1% during the 1st quarter. LSV Asset Management now owns 809,860 shares of the company’s stock worth $20,400,000 after purchasing an additional 87,600 shares during the period. 83.45% of the stock is currently owned by institutional investors.
About Rent-A-Center
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.
Several other equities analysts also recently issued reports on RCII. Stephens downgraded shares of Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 price target for the company. in a report on Wednesday, June 29th. KeyCorp reduced their target price on Rent-A-Center from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, August 5th.
Rent-A-Center Price Performance
Shares of RCII stock traded down $0.11 during trading hours on Thursday, hitting $25.73. The company had a trading volume of 841,827 shares, compared to its average volume of 954,989. Rent-A-Center has a 12 month low of $18.88 and a 12 month high of $65.09. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.83 and a current ratio of 3.37. The firm’s fifty day moving average is $24.70 and its 200 day moving average is $26.06. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 36.24 and a beta of 1.67.
Ad Behind the Markets
FDA APPROVAL COULD SEND THIS STOCK UP 46,751%
Whenever the FDA approves a new drug…
Timely investors could see 300-400% returns overnight…
Rent-A-Center (NASDAQ:RCII – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.02 by $0.13. Rent-A-Center had a return on equity of 46.90% and a net margin of 1.02%. During the same period last year, the business posted $1.63 EPS. On average, sell-side analysts predict that Rent-A-Center will post 4.2 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Jeffrey J. Brown purchased 1,223 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The shares were acquired at an average cost of $20.69 per share, with a total value of $25,303.87. Following the completion of the purchase, the director now directly owns 75,669 shares of the company’s stock, valued at $1,565,591.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.
Hedge Funds Weigh In On Rent-A-Center
Large investors have recently made changes to their positions in the company. Capital Advisory Group Advisory Services LLC acquired a new stake in Rent-A-Center in the first quarter worth about $81,000. Steward Partners Investment Advisory LLC raised its stake in shares of Rent-A-Center by 672.8% during the first quarter. Steward Partners Investment Advisory LLC now owns 3,555 shares of the company’s stock worth $90,000 after buying an additional 3,095 shares during the last quarter. Gladius Capital Management LP raised its stake in shares of Rent-A-Center by 47.7% during the first quarter. Gladius Capital Management LP now owns 4,345 shares of the company’s stock worth $110,000 after buying an additional 1,403 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Rent-A-Center by 11.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,378 shares of the company’s stock valued at $110,000 after buying an additional 441 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Rent-A-Center in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 83.45% 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 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Rent-A-Center (NASDAQ:RCII – Get Rating) had its price objective reduced by analysts at KeyCorp from $44.00 to $41.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 44.42% from the company’s current price.
Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens downgraded shares of Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 target price on the stock. in a report on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.
Rent-A-Center Stock Performance
Rent-A-Center stock traded down $0.43 during midday trading on Friday, hitting $28.39. 6,688 shares of the company’s stock were exchanged, compared to its average volume of 669,724. Rent-A-Center has a 12-month low of $18.88 and a 12-month high of $67.76. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.73 and a current ratio of 3.25. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 39.85 and a beta of 1.67. The firm’s 50 day simple moving average is $22.95 and its 200 day simple moving average is $27.86.
Ad Paradigm Press
US Dollar Replaced By “Biden Bucks”?
A former advisor to the CIA and Pentagon now believes President Biden plans to retire the US dollar we know.
And replace it with what he calls ‘Biden Bucks’. It is underway.
Rent-A-Center (NASDAQ:RCII – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.13. Rent-A-Center had a net margin of 1.02% and a return on equity of 45.58%. During the same quarter in the prior year, the company posted $1.63 EPS. Equities research analysts predict that Rent-A-Center will post 4.47 EPS for the current year.
Insider Activity at Rent-A-Center
In related news, Director Jeffrey J. Brown acquired 1,223 shares of Rent-A-Center stock in a transaction that occurred on Tuesday, July 12th. The stock was purchased at an average price of $20.69 per share, for a total transaction of $25,303.87. Following the completion of the purchase, the director now directly owns 75,669 shares of the company’s stock, valued at $1,565,591.61. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.
Hedge Funds Weigh In On Rent-A-Center
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Rent-A-Center by 110.1% during the second quarter. Nisa Investment Advisors LLC now owns 22,086 shares of the company’s stock worth $430,000 after acquiring an additional 11,576 shares during the last quarter. CX Institutional purchased a new stake in Rent-A-Center in the second quarter valued at approximately $124,000. Victory Capital Management Inc. grew its holdings in Rent-A-Center by 20.5% in the second quarter. Victory Capital Management Inc. now owns 325,792 shares of the company’s stock valued at $6,337,000 after purchasing an additional 55,462 shares during the period. Kendall Capital Management boosted its position in Rent-A-Center by 30.7% during the 2nd quarter. Kendall Capital Management now owns 47,655 shares of the company’s stock worth $927,000 after purchasing an additional 11,190 shares during the period. Finally, Arizona State Retirement System increased its holdings in Rent-A-Center by 5.8% in the 2nd quarter. Arizona State Retirement System now owns 17,028 shares of the company’s stock valued at $331,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 81.66% 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 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Shares of Rent-A-Center, Inc. (NASDAQ:RCII – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $52.75.
Several research analysts recently commented on the company. Stephens cut Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 target price for the company. in a research report on Wednesday, June 29th. StockNews.com cut Rent-A-Center from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
Rent-A-Center Stock Up 0.2 %
RCII opened at $23.59 on Monday. Rent-A-Center has a 1-year low of $18.88 and a 1-year high of $67.76. The company has a current ratio of 3.25, a quick ratio of 0.73 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 18.43 and a beta of 1.65. The business has a 50 day moving average of $23.40 and a 200-day moving average of $28.98.
Ad Investing Daily
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!
When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
Rent-A-Center (NASDAQ:RCII – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Rent-A-Center had a return on equity of 48.47% and a net margin of 1.87%. Rent-A-Center’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 earnings per share. As a group, sell-side analysts anticipate that Rent-A-Center will post 4.6 earnings per share for the current year.
Rent-A-Center Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Tuesday, June 21st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.77%. Rent-A-Center’s payout ratio is presently 106.25%.
Insider Buying and Selling at Rent-A-Center
In related news, Director Jeffrey J. Brown acquired 1,223 shares of the business’s stock in a transaction on Tuesday, July 12th. The stock was bought at an average cost of $20.69 per share, with a total value of $25,303.87. Following the completion of the acquisition, the director now owns 75,669 shares in the company, valued at $1,565,591.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
Institutional Trading of Rent-A-Center
Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Rent-A-Center in the first quarter valued at $81,000. Steward Partners Investment Advisory LLC increased its position in Rent-A-Center by 672.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 3,555 shares of the company’s stock worth $90,000 after purchasing an additional 3,095 shares during the period. CWM LLC acquired a new stake in Rent-A-Center in the fourth quarter worth about $92,000. Gladius Capital Management LP increased its position in Rent-A-Center by 47.7% in the first quarter. Gladius Capital Management LP now owns 4,345 shares of the company’s stock worth $110,000 after purchasing an additional 1,403 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in Rent-A-Center by 11.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,378 shares of the company’s stock worth $110,000 after purchasing an additional 441 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.
About Rent-A-Center
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should you invest $1,000 in Rent-A-Center right now?
Before you consider Rent-A-Center, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Rent-A-Center wasn’t on the list.
While Rent-A-Center currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Oregon Public Employees Retirement Fund trimmed its position in shares of Rent-A-Center, Inc. (NASDAQ:RCII – Get Rating) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,834 shares of the company’s stock after selling 500 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Rent-A-Center were worth $575,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Rent-A-Center by 5.4% in the fourth quarter. State Street Corp now owns 2,143,826 shares of the company’s stock valued at $103,682,000 after purchasing an additional 110,073 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Rent-A-Center by 3.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,976,736 shares of the company’s stock worth $94,962,000 after acquiring an additional 59,905 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Rent-A-Center by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,216,493 shares of the company’s stock worth $58,443,000 after acquiring an additional 11,141 shares in the last quarter. Royce & Associates LP increased its position in shares of Rent-A-Center by 11.7% during the fourth quarter. Royce & Associates LP now owns 603,134 shares of the company’s stock worth $28,975,000 after acquiring an additional 63,106 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Rent-A-Center by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,129 shares of the company’s stock valued at $25,179,000 after acquiring an additional 8,867 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.
Rent-A-Center Stock Up 8.1 %
Rent-A-Center stock opened at $21.30 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 16.64 and a beta of 1.65. The company has a debt-to-equity ratio of 2.68, a current ratio of 3.25 and a quick ratio of 0.73. The stock’s fifty day moving average is $23.81 and its two-hundred day moving average is $30.13. Rent-A-Center, Inc. has a 1-year low of $18.88 and a 1-year high of $67.76.
Rent-A-Center (NASDAQ:RCII – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Rent-A-Center had a return on equity of 48.47% and a net margin of 1.87%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.32 EPS. On average, sell-side analysts expect that Rent-A-Center, Inc. will post 4.6 EPS for the current fiscal year.
Rent-A-Center Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Tuesday, June 21st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, June 17th. This represents a $1.36 annualized dividend and a dividend yield of 6.38%. Rent-A-Center’s dividend payout ratio is presently 106.25%.
Insider Activity
In related news, Director Jeffrey J. Brown bought 1,223 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were purchased at an average cost of $20.69 per share, with a total value of $25,303.87. Following the transaction, the director now directly owns 75,669 shares of the company’s stock, valued at approximately $1,565,591.61. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
Wall Street Analyst Weigh In
RCII has been the topic of several recent research reports. Stephens downgraded Rent-A-Center from an “overweight” rating to an “equal weight” rating and set a $42.00 price target on the stock. in a report on Wednesday, June 29th. StockNews.com lowered shares of Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.75.
About Rent-A-Center
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.
Featured Articles
Want to see what other hedge funds are holding RCII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rent-A-Center, Inc. (NASDAQ:RCII – Get Rating).
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.