Rent-A-Center Inc. (NASDAQ:RCII) has been given an average rating of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $11.17.
A number of research analysts have issued reports on RCII shares. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Loop Capital restated a “sell” rating and set a $8.00 target price on shares of Rent-A-Center in a report on Tuesday, July 18th. Stifel Nicolaus restated a “hold” rating and set a $13.00 target price (up previously from $11.50) on shares of Rent-A-Center in a report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $12.00 target price on shares of Rent-A-Center in a report on Thursday, September 7th.
Rent-A-Center (NASDAQ:RCII) traded down 5.78% during midday trading on Wednesday, hitting $9.94. 3,970,865 shares of the stock were exchanged. The company’s 50 day moving average is $11.34 and its 200-day moving average is $11.80. The stock’s market cap is $529.81 million. Rent-A-Center has a 1-year low of $7.76 and a 1-year high of $13.89.
Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Wednesday, July 26th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The firm had revenue of $667.64 million during the quarter, compared to analysts’ expectations of $667.04 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, analysts expect that Rent-A-Center will post $0.09 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in RCII. Mason Street Advisors LLC lifted its position in Rent-A-Center by 7.1% in the first quarter. Mason Street Advisors LLC now owns 12,439 shares of the company’s stock worth $110,000 after buying an additional 825 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Rent-A-Center in the second quarter worth $120,000. State of Alaska Department of Revenue lifted its position in Rent-A-Center by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 10,448 shares of the company’s stock worth $122,000 after buying an additional 4,548 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Rent-A-Center in the second quarter worth $132,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Rent-A-Center in the second quarter worth $136,000.
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.