Rent-A-Center Inc (NASDAQ:RCII) Director Steven L. Pepper bought 45,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average price of $10.93 per share, with a total value of $491,850.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rent-A-Center Inc (NASDAQ:RCII) traded up 1.01% during trading on Wednesday, reaching $10.95. 1,070,017 shares of the company’s stock were exchanged. The stock’s market capitalization is $582.50 million. The stock has a 50-day moving average of $10.91 and a 200-day moving average of $10.26. Rent-A-Center Inc has a 52 week low of $7.76 and a 52 week high of $13.73.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Monday, May 1st. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The business had revenue of $742 million during the quarter, compared to the consensus estimate of $733.43 million. Rent-A-Center had a positive return on equity of 16.57% and a negative net margin of 28.44%. The company’s revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. On average, equities research analysts anticipate that Rent-A-Center Inc will post $0.36 EPS for the current year.

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A number of research firms recently commented on RCII. Jefferies Group LLC lowered their target price on shares of Rent-A-Center from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, May 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $11.50 target price on shares of Rent-A-Center in a research note on Sunday, April 23rd. Raymond James Financial, Inc. upgraded shares of Rent-A-Center from a “market perform” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Wednesday, April 12th. Loop Capital reiterated a “hold” rating and issued a $8.00 target price on shares of Rent-A-Center in a research note on Wednesday, April 12th. Finally, Stephens set a $9.00 target price on shares of Rent-A-Center and gave the stock a “sell” rating in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.75.

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in Rent-A-Center by 12.5% in the fourth quarter. Renaissance Technologies LLC now owns 492,210 shares of the company’s stock valued at $5,537,000 after buying an additional 54,700 shares during the last quarter. Systematic Financial Management LP increased its stake in Rent-A-Center by 0.9% in the fourth quarter. Systematic Financial Management LP now owns 147,935 shares of the company’s stock valued at $1,664,000 after buying an additional 1,325 shares during the last quarter. Federated Investors Inc. PA increased its stake in Rent-A-Center by 32.2% in the fourth quarter. Federated Investors Inc. PA now owns 149,442 shares of the company’s stock valued at $1,681,000 after buying an additional 36,379 shares during the last quarter. Martingale Asset Management L P increased its stake in Rent-A-Center by 4.9% in the fourth quarter. Martingale Asset Management L P now owns 108,258 shares of the company’s stock valued at $1,218,000 after buying an additional 5,014 shares during the last quarter. Finally, State Street Corp increased its stake in Rent-A-Center by 8.8% in the fourth quarter. State Street Corp now owns 1,593,327 shares of the company’s stock valued at $17,927,000 after buying an additional 128,770 shares during the last quarter. 96.78% of the stock is owned by institutional investors and hedge funds.

Rent-A-Center Company Profile

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.

12 Month Chart for NASDAQ:RCII

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