Rent-A-Center (NASDAQ:RCII) upgraded on StockNews.com
Rent-A-Center (NASDAQ:RCII – Get an Assessment) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report released Friday to clients and investors.
Other research analysts have also recently published research reports on the company. KeyCorp cut its price target on Rent-A-Center from $68.00 to $44.00 and set an “overweight” rating for the stock in a Friday, Feb. 25 report. Raymond James downgraded Rent-A-Center from a “strong buy” rating to an “outperform” rating and reduced its price target for the stock from $65.00 to $40.00 in a research note from the Friday, February 25. Five equity research analysts rated the stock with a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $56.33.
NASDAQ: RCII traded at $1.01 in Friday’s midday session, hitting $25.57. 839,940 shares of the company were traded, compared to its average volume of 1,027,832. Rent-A-Center has a 12-month low of $22.70 and a 12-month high of $67.76. The company has a market capitalization of $1.51 billion, a price/earnings ratio of 19.98 and a beta of 1.54. The company has a debt ratio of 2.68, a current ratio of 3.25 and a quick ratio of 0.73. The company has a 50-day moving average price of $25.82 and a 200-day moving average price of $34.79.
Rent-A-Center (NASDAQ:RCII – Get Rating) last reported results on Wednesday, May 4. The company reported earnings per share of $0.74 for the quarter, beating analyst consensus estimates of $0.71 by $0.03. Rent-A-Center had a return on equity of 48.47% and a net margin of 1.87%. The company posted revenue of $1.13 billion for the quarter, versus a consensus estimate of $1.11 billion. In the same quarter of the previous year, the company achieved EPS of $1.32. The company’s revenue for the quarter increased 9.4% year over year. As a group, analysts expect Rent-A-Center to post EPS of 4.64 for the current year.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. State Street Corp increased its stake in Rent-A-Center by 8.8% in the first quarter. State Street Corp now owns 2,333,336 shares of the company worth $58,777,000 after purchasing an additional 189,510 shares during the period. Ieq Capital LLC bought a new position in Rent-A-Center in Q1 worth $50,808,000. Fuller & Thaler Asset Management Inc. increased its stake in Rent-A-Center by 3.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,976,736 shares of the company worth $94,962,000 after purchasing an additional 59,905 shares during the period. Dimensional Fund Advisors LP increased its holdings in Rent-A-Center by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,216,493 shares of the company worth $58,443,000 after purchasing an additional 11,141 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Rent-A-Center by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,138,126 shares of the company worth $63,974,000 after purchasing 8,878 additional shares during the period. 81.66% of the shares are currently held by hedge funds and other institutional investors.
Rent-A-Center Company Profile (Get a rating)
Rent-A-Center, Inc., together with its subsidiaries, rents household durable goods to customers on a lease-purchase basis. The Company operates in four segments: Rent-A-Center Business, Acima, Mexico and Franchising. It offers furniture and accessories, household appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags and other accessories under lease- purchase.
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