RCII has been the subject of a number of other reports. Raymond James increased their price target on Rent-A-Center from $16.00 to $17.50 and gave the company an “outperform” rating in a research note on Tuesday, January 8th. Jefferies Financial Group increased their price target on Rent-A-Center from $19.50 to $22.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Stephens cut Rent-A-Center from an “equal weight” rating to an “underweight” rating and set a $16.47 price target for the company. in a research note on Thursday, January 3rd. Finally, Janney Montgomery Scott downgraded Rent-A-Center from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.21.
Shares of RCII opened at $22.90 on Tuesday. Rent-A-Center has a 52 week low of $8.93 and a 52 week high of $23.77. The firm has a market capitalization of $1.15 billion, a PE ratio of 21.60 and a beta of 0.29. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.46 and a quick ratio of 0.67.
In related news, EVP Fred E. Herman sold 2,227 shares of the stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $17.50, for a total value of $38,972.50. Following the completion of the sale, the executive vice president now directly owns 28,506 shares in the company, valued at $498,855. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher A. Korst sold 9,600 shares of the stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $17.39, for a total value of $166,944.00. Following the completion of the sale, the chief accounting officer now owns 50,964 shares of the company’s stock, valued at $886,263.96. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its holdings in Rent-A-Center by 117.2% during the 1st quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock worth $27,000 after acquiring an additional 703 shares during the period. FNY Investment Advisers LLC grew its holdings in Rent-A-Center by 1,009.1% during the 4th quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock worth $32,000 after acquiring an additional 2,220 shares during the period. Nisa Investment Advisors LLC grew its holdings in Rent-A-Center by 26.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the company’s stock worth $62,000 after acquiring an additional 800 shares during the period. Bank of Montreal Can grew its holdings in Rent-A-Center by 105.6% during the 4th quarter. Bank of Montreal Can now owns 3,831 shares of the company’s stock worth $62,000 after acquiring an additional 1,968 shares during the period. Finally, CENTRAL TRUST Co acquired a new stake in Rent-A-Center during the 4th quarter worth about $121,000. Institutional investors and hedge funds own 92.66% of the company’s stock.
Rent-A-Center Company Profile
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; wheels and tires; and furniture, including accessories under rental purchase agreements.
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