Rent-A-Center (NASDAQ:RCII) gapped down before the market opened on Wednesday . The stock had previously closed at $9.36, but opened at $9.43. Rent-A-Center shares last traded at $9.54, with a volume of 375675 shares changing hands.
A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Stephens restated an “equal weight” rating and set a $5.00 price objective (down previously from $8.00) on shares of Rent-A-Center in a research report on Thursday, February 22nd. Jefferies Group restated a “hold” rating and set a $9.00 price objective on shares of Rent-A-Center in a research report on Friday, February 23rd. ValuEngine upgraded shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research upgraded shares of Rent-A-Center from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 24th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.20.
Get Rent-A-Center alerts:
The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.53 and a current ratio of 2.77. The stock has a market capitalization of $510.64, a price-to-earnings ratio of -17.72 and a beta of 0.72.
Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings results on Monday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.16). Rent-A-Center had a negative return on equity of 13.81% and a negative net margin of 0.24%. The business had revenue of $698.00 million during the quarter, compared to the consensus estimate of $701.27 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. equities analysts expect that Rent-A-Center will post 0.18 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Rent-A-Center by 2.3% in the fourth quarter. BlackRock Inc. now owns 6,470,305 shares of the company’s stock worth $71,820,000 after acquiring an additional 145,831 shares during the period. Arlington Value Capital LLC raised its position in Rent-A-Center by 32.6% in the fourth quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock worth $45,181,000 after acquiring an additional 1,000,103 shares during the period. Brandes Investment Partners LP raised its position in Rent-A-Center by 9.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,993,468 shares of the company’s stock worth $22,127,000 after acquiring an additional 174,472 shares during the period. Philadelphia Financial Management of San Francisco LLC bought a new position in Rent-A-Center in the fourth quarter worth approximately $19,474,000. Finally, Deutsche Bank AG raised its position in Rent-A-Center by 20.5% in the fourth quarter. Deutsche Bank AG now owns 937,712 shares of the company’s stock worth $10,406,000 after acquiring an additional 159,736 shares during the period.
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.