Axa S.A. lessened its holdings in shares of Rent-A-Center, Inc. (NASDAQ:RCII) by 10.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,900 shares of the company’s stock after selling 13,000 shares during the quarter. Axa S.A.’s holdings in Rent-A-Center were worth $6,151,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC lifted its stake in shares of Rent-A-Center by 28.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 85,111 shares of the company’s stock valued at $4,517,000 after buying an additional 18,624 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Rent-A-Center by 12.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,104,897 shares of the company’s stock valued at $63,708,000 after purchasing an additional 124,129 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Rent-A-Center by 25.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,898 shares of the company’s stock valued at $1,321,000 after purchasing an additional 5,000 shares during the period. Tudor Investment Corp Et Al bought a new position in Rent-A-Center in the 1st quarter worth about $611,000. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Rent-A-Center by 0.3% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 1,953,050 shares of the company’s stock valued at $103,648,000 after buying an additional 5,354 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.
RCII has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Rent-A-Center from a “strong-buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Tuesday, October 5th. Bank of America started coverage on shares of Rent-A-Center in a report on Wednesday, August 25th. They issued a “buy” rating and a $85.00 price target for the company. Finally, Janney Montgomery Scott raised shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a report on Thursday, August 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rent-A-Center currently has a consensus rating of “Buy” and a consensus target price of $69.00.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Wednesday, August 4th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.27. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Rent-A-Center had a net margin of 6.13% and a return on equity of 46.39%. The firm’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. As a group, equities research analysts expect that Rent-A-Center, Inc. will post 6.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 19th. Stockholders of record on Tuesday, September 28th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Monday, September 27th. Rent-A-Center’s payout ratio is currently 35.13%.
Rent-A-Center, Inc engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements. It operates through the following segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. The Rent-A-Center Business segment consists of company-owned rent-to-own stores in the United States and Puerto Rico.
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