Rent-A-Center Inc (RCII) Rating Reiterated by Jefferies Group LLC
Rent-A-Center Inc (NASDAQ:RCII)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a research report issued on Thursday. They presently have a $12.00 price objective on the stock. Jefferies Group LLC’s target price indicates a potential downside of 2.20% from the company’s current price.
Several other brokerages have also issued reports on RCII. Loop Capital reiterated a “sell” rating and set a $8.00 price target on shares of Rent-A-Center in a report on Tuesday, July 18th. BidaskClub lowered Rent-A-Center from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered Rent-A-Center from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $13.00 price target (up from $11.50) on shares of Rent-A-Center in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Rent-A-Center has a consensus rating of “Hold” and a consensus target price of $11.50.
Rent-A-Center (NASDAQ RCII) traded up 1.49% on Thursday, reaching $12.27. 1,026,954 shares of the company traded hands. The stock’s market capitalization is $654.00 million. Rent-A-Center has a 52-week low of $7.76 and a 52-week high of $13.89. The firm has a 50 day moving average price of $12.77 and a 200 day moving average price of $11.22.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Wednesday, July 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.08. The firm had revenue of $667.64 million for the quarter, compared to analyst estimates of $667.04 million. Rent-A-Center had a negative net margin of 1.31% and a negative return on equity of 14.06%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Equities research analysts predict that Rent-A-Center will post $0.06 EPS for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of RCII. Mason Street Advisors LLC lifted its holdings in Rent-A-Center by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 12,439 shares of the company’s stock worth $110,000 after purchasing an additional 825 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Rent-A-Center in the 2nd quarter worth approximately $120,000. State of Alaska Department of Revenue lifted its holdings in Rent-A-Center by 77.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,448 shares of the company’s stock worth $122,000 after purchasing an additional 4,548 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Rent-A-Center in the 1st quarter worth approximately $130,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Rent-A-Center in the 2nd quarter worth approximately $132,000.
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.
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