Rent-A-Center (NASDAQ:RCII) Upgraded by ValuEngine to Sell
Several other analysts have also recently commented on the stock. Loop Capital cut shares of Rent-A-Center from a buy rating to a hold rating and set a $34.00 price target on the stock. in a research note on Monday, October 12th. Zacks Investment Research upgraded shares of Rent-A-Center from a hold rating to a strong-buy rating and set a $38.00 target price on the stock in a research report on Tuesday, August 11th. Finally, BidaskClub cut shares of Rent-A-Center from a buy rating to a hold rating in a research report on Saturday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $31.67.
Shares of RCII stock opened at $33.95 on Wednesday. The stock has a market cap of $1.84 billion, a P/E ratio of 11.87 and a beta of 1.55. Rent-A-Center has a 52 week low of $11.69 and a 52 week high of $35.50. The company has a quick ratio of 0.74, a current ratio of 2.37 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $32.38 and its two-hundred day simple moving average is $28.83.
The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Wednesday, October 7th were issued a dividend of $0.29 per share. The ex-dividend date was Tuesday, October 6th. This represents a $1.16 annualized dividend and a yield of 3.42%. Rent-A-Center’s payout ratio is 51.79%.
In related news, CFO Maureen B. Short sold 4,056 shares of the company’s stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $33.00, for a total transaction of $133,848.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Macquarie Group Ltd. grew its holdings in Rent-A-Center by 7.7% during the 2nd quarter. Macquarie Group Ltd. now owns 4,306 shares of the company’s stock valued at $119,000 after purchasing an additional 309 shares during the last quarter. American International Group Inc. grew its stake in Rent-A-Center by 1.0% in the 2nd quarter. American International Group Inc. now owns 34,280 shares of the company’s stock worth $954,000 after acquiring an additional 349 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Rent-A-Center by 1.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 35,628 shares of the company’s stock worth $1,065,000 after acquiring an additional 431 shares in the last quarter. Cambria Investment Management L.P. grew its stake in Rent-A-Center by 1.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 43,948 shares of the company’s stock worth $1,313,000 after acquiring an additional 554 shares in the last quarter. Finally, Aperio Group LLC grew its stake in Rent-A-Center by 2.4% in the 3rd quarter. Aperio Group LLC now owns 23,793 shares of the company’s stock worth $711,000 after acquiring an additional 559 shares in the last quarter. Institutional investors own 98.64% 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 lease-to-own basis. The company operates through four segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. It offers consumer electronics, computers, tablets, smartphones, furniture and accessories, appliances, wheels and tires, tools, handbags, jewelry, and other accessories under rental purchase agreements.
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