Rent-A-Center Inc. (NASDAQ:RCII) has been given a $8.00 target price by research analysts at Loop Capital in a report issued on Tuesday. The brokerage presently has a “sell” rating on the stock. Loop Capital’s price target would indicate a potential downside of 19.52% from the stock’s current price.
Several other equities research analysts have also commented on RCII. Zacks Investment Research lowered shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $13.00 price objective (up from $11.50) on shares of Rent-A-Center in a research report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $12.00 price objective on shares of Rent-A-Center in a research report on Thursday, September 7th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.21.
Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.65% and a negative net margin of 6.35%. The business had revenue of $643.97 million during the quarter, compared to analysts’ expectations of $649.09 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Rent-A-Center’s quarterly revenue was down 7.2% on a year-over-year basis.
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Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new position in Rent-A-Center in the 2nd quarter valued at about $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 valued at $122,000 after purchasing an additional 4,548 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Rent-A-Center in the 2nd quarter valued at about $132,000. Crossmark Global Holdings Inc. purchased a new position in Rent-A-Center in the 3rd quarter valued at about $132,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Rent-A-Center in the 2nd quarter valued at about $136,000.
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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