Rent-A-Center Inc. (RCII) Receives Consensus Rating of “Hold” from Analysts

Shares of Rent-A-Center Inc. (NASDAQ:RCII) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.17.

Several brokerages have recently commented on RCII. BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Stifel Nicolaus reissued a “hold” rating and set a $13.00 price target (up previously from $11.50) on shares of Rent-A-Center in a research note on Friday, July 28th. Loop Capital restated a “sell” rating and set a $8.00 price objective on shares of Rent-A-Center in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC restated a “hold” rating and set a $12.00 price objective on shares of Rent-A-Center in a research report on Thursday, September 7th.

Several institutional investors have recently modified their holdings of the stock. Engaged Capital LLC raised its position in shares of Rent-A-Center by 290.2% during the 1st quarter. Engaged Capital LLC now owns 8,983,609 shares of the company’s stock worth $79,685,000 after purchasing an additional 6,681,233 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Rent-A-Center by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock worth $63,118,000 after purchasing an additional 223,478 shares during the last quarter. Arlington Value Capital LLC raised its position in shares of Rent-A-Center by 85.2% during the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock worth $31,907,000 after purchasing an additional 1,252,756 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Rent-A-Center by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock worth $20,190,000 after purchasing an additional 23,437 shares during the last quarter. Finally, Brandes Investment Partners LP raised its position in shares of Rent-A-Center by 2.4% during the 2nd quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock worth $24,290,000 after purchasing an additional 49,068 shares during the last quarter.

Shares of Rent-A-Center (NASDAQ RCII) traded up 5.78% during trading on Wednesday, hitting $10.07. The company’s stock had a trading volume of 2,663,221 shares. The company has a 50-day moving average price of $11.20 and a 200-day moving average price of $11.78. The stock’s market cap is $536.74 million. Rent-A-Center has a one year low of $7.76 and a one year high of $13.89.

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About Rent-A-Center

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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