BidaskClub cut shares of Rent-A-Center (NASDAQ:RCII) from a buy rating to a hold rating in a report published on Tuesday morning, BidAskClub reports.

Other research analysts have also issued reports about the stock. Stephens raised shares of Rent-A-Center from an underweight rating to an equal rating and set a $27.00 target price for the company in a research note on Monday, June 24th. Raymond James raised shares of Rent-A-Center from an outperform rating to a strong-buy rating and boosted their target price for the company from $25.00 to $27.00 in a research note on Monday, April 22nd. TheStreet raised shares of Rent-A-Center from a c rating to a b- rating in a research note on Tuesday, May 7th. Janney Montgomery Scott raised shares of Rent-A-Center from a neutral rating to a buy rating in a research note on Thursday, August 8th. Finally, ValuEngine lowered shares of Rent-A-Center from a hold rating to a sell rating in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Rent-A-Center presently has an average rating of Hold and a consensus price target of $21.80.

Rent-A-Center stock opened at $25.53 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. The firm has a 50-day moving average price of $26.60 and a two-hundred day moving average price of $23.23. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 24.08 and a beta of 0.43. Rent-A-Center has a 52-week low of $11.98 and a 52-week high of $28.25.

Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Wednesday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $655.90 million during the quarter, compared to analyst estimates of $642.86 million. Rent-A-Center had a net margin of 4.40% and a return on equity of 32.63%. Rent-A-Center’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Research analysts expect that Rent-A-Center will post 2.26 earnings per share for the current year.

In related news, EVP Catherine M. Skula sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $24.45, for a total value of $122,250.00. Following the sale, the executive vice president now directly owns 32,090 shares in the company, valued at approximately $784,600.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its holdings in shares of Rent-A-Center by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 69,605 shares of the company’s stock worth $1,854,000 after purchasing an additional 491 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Rent-A-Center by 5.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 11,112 shares of the company’s stock worth $232,000 after acquiring an additional 543 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Rent-A-Center by 4.1% in the second quarter. Crossmark Global Holdings Inc. now owns 15,080 shares of the company’s stock worth $402,000 after acquiring an additional 588 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Rent-A-Center by 4.3% in the first quarter. Mason Street Advisors LLC now owns 14,389 shares of the company’s stock worth $300,000 after acquiring an additional 595 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Rent-A-Center by 117.2% in the first quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock worth $27,000 after acquiring an additional 703 shares in the last quarter. Institutional investors and hedge funds own 93.06% 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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