Rent-A-Center EVP Joel M. Mussat Unloads 1,319 Shares (RCII)
Rent-A-Center (NASDAQ:RCII) EVP Joel M. Mussat sold 1,319 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $26.32, for a total value of $34,716.08. Following the sale, the executive vice president now directly owns 6,005 shares in the company, valued at approximately $158,052. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on RCII. 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Rent-A-Center presently has a consensus rating of “Buy” and an average price target of $29.33.
Shares of Rent-A-Center (NASDAQ:RCII) traded up 0.97% on Tuesday, hitting $26.595. The stock had a trading volume of 342,982 shares. Rent-A-Center has a 1-year low of $23.42 and a 1-year high of $39.00. The stock has a 50-day moving average of $25.44 and a 200-day moving average of $26.73. The company has a market cap of $1.406 billion and a P/E ratio of 16.30.
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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