Rent-A-Center (RCII) Upgraded to Buy by BidaskClub

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BidaskClub upgraded shares of Rent-A-Center (NASDAQ:RCII) from a hold rating to a buy rating in a research note published on Friday.

Several other analysts also recently issued reports on RCII. ValuEngine raised shares of Rent-A-Center from a hold rating to a buy rating in a research report on Tuesday, July 31st. Loop Capital reaffirmed a sell rating and issued a $15.00 price objective on shares of Rent-A-Center in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $11.80.

NASDAQ:RCII traded down $0.06 during trading hours on Friday, hitting $14.46. The stock had a trading volume of 581,151 shares, compared to its average volume of 795,334. The company has a quick ratio of 0.66, a current ratio of 2.56 and a debt-to-equity ratio of 1.90. Rent-A-Center has a 1-year low of $7.22 and a 1-year high of $14.94. The company has a market capitalization of $777.57 million, a price-to-earnings ratio of 48.43 and a beta of 0.60.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Rent-A-Center had a net margin of 1.58% and a return on equity of 6.16%. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $636.43 million. During the same quarter last year, the company earned ($0.15) earnings per share. Rent-A-Center’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Rent-A-Center will post 0.84 earnings per share for the current year.

In other news, insider Engaged Capital Llc sold 4,450,000 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $14.67, for a total transaction of $65,281,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.88% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Mint Tower Capital Management B.V. purchased a new position in shares of Rent-A-Center during the 2nd quarter valued at approximately $147,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Rent-A-Center during the second quarter worth $166,000. Equitec Specialists LLC bought a new position in Rent-A-Center during the third quarter worth $198,000. Pacer Advisors Inc. lifted its stake in Rent-A-Center by 122.7% during the third quarter. Pacer Advisors Inc. now owns 15,993 shares of the company’s stock worth $230,000 after purchasing an additional 8,811 shares during the last quarter. Finally, HRT Financial LLC bought a new position in Rent-A-Center during the third quarter worth $240,000. Institutional investors own 94.71% of the company’s stock.

About Rent-A-Center

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; and furniture, including accessories under rental purchase agreements.

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Analyst Recommendations for Rent-A-Center (NASDAQ:RCII)

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