Rent-A-Center Sees Unusually Large Options Volume (RCII)

Rent-A-Center Inc (NASDAQ:RCII) was the target of some unusual options trading on Thursday. Stock investors purchased 26,487 call options on the stock. This represents an increase of 1,583% compared to the typical volume of 1,574 call options.

Several equities analysts recently issued reports on RCII shares. BidaskClub lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Zacks Investment Research cut Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Stifel Nicolaus restated a “hold” rating and issued a $10.50 target price on shares of Rent-A-Center in a research note on Wednesday, November 1st. Loop Capital set a $8.00 target price on Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Finally, Raymond James Financial restated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.21.

Shares of Rent-A-Center (RCII) opened at $10.96 on Friday. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89. The stock has a market capitalization of $604.14, a P/E ratio of -3.34 and a beta of 0.69. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The company had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. research analysts forecast that Rent-A-Center will post -0.19 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new stake in shares of Rent-A-Center during the 2nd quarter worth approximately $326,000. Macquarie Group Ltd. bought a new stake in Rent-A-Center in the 3rd quarter valued at $404,000. Royce & Associates LP raised its stake in Rent-A-Center by 10.6% in the 3rd quarter. Royce & Associates LP now owns 417,518 shares of the company’s stock valued at $4,793,000 after acquiring an additional 40,000 shares during the period. JPMorgan Chase & Co. raised its stake in Rent-A-Center by 1,124.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock valued at $14,405,000 after acquiring an additional 1,128,785 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Rent-A-Center by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after acquiring an additional 68,605 shares during the period.

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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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