Insider Buying: J V. Lentell Buys 5,000 Shares of Rent-A-Center Stock (RCII)
Rent-A-Center (NASDAQ:RCII) Director J V. Lentell purchased 5,000 shares of Rent-A-Center stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $23.81 per share, for a total transaction of $119,050.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $119,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
RCII has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Rent-A-Center from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 24th. They now have a $23.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Rent-A-Center from $24.00 to $25.00 in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Rent-A-Center from $28.00 to $24.00 in a research note on Friday, July 11th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Rent-A-Center presently has a consensus rating of “Buy” and a consensus price target of $29.33.
Shares of Rent-A-Center (NASDAQ:RCII) traded down 0.33% on Friday, hitting $23.86. The stock had a trading volume of 793,946 shares. Rent-A-Center has a 52-week low of $23.42 and a 52-week high of $40.80. The stock’s 50-day moving average is $26.88 and its 200-day moving average is $27.11. The company has a market cap of $1.261 billion and a P/E ratio of 14.81.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $772.24 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Rent-A-Center will post $2.04 EPS for the current fiscal year.
Rent-A-Center, Inc is a rent-to-own operator in North America. It provides the customers the ownership of durable products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.
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