BidaskClub cut shares of Rent-A-Center (NASDAQ:RCII) from a sell rating to a strong sell rating in a research report report published on Thursday.
A number of other equities research analysts also recently issued reports on RCII. Loop Capital reissued a sell rating and set a $6.00 price target (down previously from $8.00) on shares of Rent-A-Center in a research report on Wednesday. Stifel Nicolaus reissued a hold rating and set a $10.50 price target on shares of Rent-A-Center in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Rent-A-Center from a buy rating to a hold rating in a research report on Wednesday, November 1st. Raymond James Financial reissued a market perform rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Finally, Jefferies Group reduced their price target on Rent-A-Center from $12.00 to $11.00 and set a hold rating on the stock in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Rent-A-Center presently has a consensus rating of Hold and an average price target of $10.36.
Shares of Rent-A-Center (RCII) traded down $0.26 during midday trading on Thursday, hitting $8.22. The stock had a trading volume of 1,892,900 shares, compared to its average volume of 1,745,593. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.46 and a current ratio of 2.55. Rent-A-Center has a one year low of $8.00 and a one year high of $13.89.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Rent-A-Center by 2.3% in the 4th quarter. BlackRock Inc. now owns 6,470,305 shares of the company’s stock valued at $71,820,000 after purchasing an additional 145,831 shares in the last quarter. Arlington Value Capital LLC boosted its holdings in shares of Rent-A-Center by 32.6% in the 4th quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock valued at $45,181,000 after purchasing an additional 1,000,103 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of 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 purchasing an additional 68,605 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in shares of Rent-A-Center by 9.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,993,468 shares of the company’s stock valued at $22,127,000 after purchasing an additional 174,472 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Rent-A-Center in the 4th quarter valued at $19,474,000.
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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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