Rent-A-Center Inc (NASDAQ:RCII) Receives Consensus Rating of “Buy” from Analysts

Rent-A-Center Inc (NASDAQ:RCII) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.80.

Several research firms have issued reports on RCII. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. TheStreet raised Rent-A-Center from a “c” rating to a “b-” rating in a research note on Tuesday, May 7th. ValuEngine lowered WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Raymond James reiterated a “buy” rating on shares of West Fraser Timber in a report on Monday, April 22nd. Finally, Stephens set a $120.00 target price on Electronic Arts and gave the company a “buy” rating in a report on Monday, June 24th.

NASDAQ RCII traded down $0.11 on Friday, hitting $26.36. The company had a trading volume of 1,493,757 shares, compared to its average volume of 1,347,201. The stock has a market capitalization of $1.49 billion, a P/E ratio of 24.75 and a beta of 0.48. The company’s fifty day moving average price is $25.75. The company has a quick ratio of 0.82, a current ratio of 2.55 and a debt-to-equity ratio of 2.80. Rent-A-Center has a 12-month low of $11.98 and a 12-month high of $28.25.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.29. The company had revenue of $696.69 million for the quarter, compared to analyst estimates of $683.62 million. Rent-A-Center had a net margin of 1.34% and a return on equity of 33.38%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. As a group, equities research analysts predict that Rent-A-Center will post 2.12 EPS for the current fiscal year.

In related news, EVP Catherine M. Skula sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total transaction of $122,250.00. Following the transaction, the executive vice president now directly owns 32,090 shares of the company’s stock, valued at $784,600.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in RCII. Meeder Asset Management Inc. raised its holdings in Rent-A-Center by 117.2% in the 1st quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock valued at $27,000 after acquiring an additional 703 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Rent-A-Center in the 1st quarter worth $91,000. Advisors Preferred LLC acquired a new stake in Rent-A-Center during the 1st quarter worth $113,000. Anderson Fisher LLC acquired a new stake in shares of Rent-A-Center in the 1st quarter valued at about $123,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rent-A-Center by 334.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,188 shares of the company’s stock valued at $150,000 after purchasing an additional 5,534 shares during the period. Hedge funds and other institutional investors own 95.22% 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 rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.

Further Reading: Buyback For Investors Defined

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