Rent-A-Center Inc. (NASDAQ:RCII) had its price target reduced by Jefferies Group LLC from $12.00 to $11.00 in a research note published on Wednesday, November 1st. Jefferies Group LLC currently has a hold rating on the stock. Jefferies Group also issued estimates for Rent-A-Center’s Q1 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.20 EPS.
Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Rent-A-Center from a buy rating to a strong-buy rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Rent-A-Center from a sell rating to a hold rating in a report on Friday, July 28th. Stifel Nicolaus reissued 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. Loop Capital set a $8.00 target price on shares of Rent-A-Center and gave the stock a sell rating in a report on Tuesday, October 31st. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $11.21.
Shares of Rent-A-Center (RCII) traded down $0.12 on Wednesday, reaching $11.43. 616,777 shares of the company’s stock traded hands, compared to its average volume of 1,788,522. Rent-A-Center has a 52 week low of $7.76 and a 52 week high of $13.89. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.55 and a quick ratio of 0.46.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The firm had revenue of $643.97 million during the quarter, compared to analyst estimates of $649.09 million. During the same quarter last year, the business earned $0.11 earnings per share. Rent-A-Center’s revenue was down 7.2% on a year-over-year basis. equities analysts predict that Rent-A-Center will post -0.19 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Rent-A-Center by 3.2% during the first quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock worth $63,118,000 after purchasing an additional 223,478 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in Rent-A-Center by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock worth $36,913,000 after acquiring an additional 68,605 shares during the last quarter. Arlington Value Capital LLC boosted its position in Rent-A-Center by 85.2% during the second quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock worth $31,907,000 after acquiring an additional 1,252,756 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Rent-A-Center by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock worth $20,190,000 after acquiring an additional 23,437 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in Rent-A-Center by 2.4% in the 2nd quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock valued at $24,290,000 after purchasing an additional 49,068 shares during the last quarter.
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.
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