Janney Montgomery Scott upgraded shares of Rent-A-Center (NASDAQ:RCII) from a neutral rating to a buy rating in a research report report published on Thursday, Briefing.com Automated Import reports.
A number of other research analysts have also issued reports on the company. Raymond James raised Rent-A-Center from an outperform rating to a strong-buy rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Monday, April 22nd. TheStreet upgraded Rent-A-Center from a c rating to a b- rating in a research report on Tuesday, May 7th. ValuEngine lowered Rent-A-Center from a buy rating to a hold rating in a research report on Thursday, August 1st. BidaskClub upgraded Rent-A-Center from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Finally, Stephens upgraded Rent-A-Center from an underweight rating to an equal rating and set a $27.00 price target for the company in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $21.80.
NASDAQ:RCII traded up $0.02 during mid-day trading on Thursday, reaching $26.48. 1,039,130 shares of the stock were exchanged, compared to its average volume of 911,030. The business’s fifty day moving average price is $26.50. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 24.98 and a beta of 0.43. Rent-A-Center has a 1-year low of $11.98 and a 1-year high of $28.25. The company has a quick ratio of 0.82, a current ratio of 2.55 and a debt-to-equity ratio of 2.07.
In related news, EVP Catherine M. Skula sold 5,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total value of $122,250.00. Following the completion of the transaction, the executive vice president now owns 32,090 shares in the company, valued at approximately $784,600.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System boosted its position in Rent-A-Center by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 69,605 shares of the company’s stock worth $1,854,000 after acquiring an additional 491 shares during the period. Piedmont Investment Advisors Inc. boosted its position in Rent-A-Center by 5.1% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,112 shares of the company’s stock worth $232,000 after acquiring an additional 543 shares during the period. Crossmark Global Holdings Inc. boosted its position in Rent-A-Center by 4.1% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,080 shares of the company’s stock worth $402,000 after acquiring an additional 588 shares during the period. Mason Street Advisors LLC boosted its position in Rent-A-Center by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 14,389 shares of the company’s stock worth $300,000 after acquiring an additional 595 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Rent-A-Center by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 30,977 shares of the company’s stock worth $502,000 after acquiring an additional 681 shares during the period. Hedge funds and other institutional investors own 96.82% of the company’s stock.
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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