Stock of The Day: Could Rent-A-Center Inc Change Direction After Today’s Huge Increase?

Stock of The Day: Could Rent A Center Inc Change Direction After Today's Huge Increase?

The stock of Rent-A-Center Inc (NASDAQ:RCII) is a huge mover today! About 553,840 shares traded hands. Rent-A-Center Inc (NASDAQ:RCII) has declined 1.53% since March 1, 2016 and is downtrending. It has underperformed by 10.77% the S&P500.
The move comes after 5 months positive chart setup for the $687.38M company. It was reported on Oct, 4 by Barchart.com. We have $18.78 PT which if reached, will make NASDAQ:RCII worth $329.94M more.

Analysts await Rent-A-Center Inc (NASDAQ:RCII) to report earnings on October, 24. They expect $0.40 EPS, down 14.89% or $0.07 from last year’s $0.47 per share. RCII’s profit will be $21.67M for 7.93 P/E if the $0.40 EPS becomes a reality. After $0.41 actual EPS reported by Rent-A-Center Inc for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

Rent-A-Center Inc (NASDAQ:RCII) Ratings Coverage

Out of 8 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Rent-A-Center Inc has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, March 15 report. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Thursday, October 29. The rating was downgraded by BB&T Capital to “Hold” on Tuesday, January 12. The stock has “Buy” rating given by Sidoti on Monday, October 19. Cantor Fitzgerald maintained Rent-A-Center Inc (NASDAQ:RCII) on Wednesday, October 28 with “Buy” rating. The firm earned “Buy” rating on Tuesday, May 24 by Topeka Capital Markets.

According to Zacks Investment Research, “Rent-A-Center operates company owned rent-to-own stores which offer high-quality, durable goods such as consumer electronics, appliances, furniture and accessories to consumers under flexible rental purchase arrangements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period. ColorTyme, Inc., a wholly-owned subsidiary of the Company, is a national franchisor of rent-to-own stores, which operate under the trade name of “ColorTyme,” and under the “Rent-A-Center” name. (Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.78 in Q2 2016. Its up 0.89, from 0.89 in 2016Q1. The ratio is positive, as 21 funds sold all Rent-A-Center Inc shares owned while 43 reduced positions. 33 funds bought stakes while 81 increased positions. They now own 53.15 million shares or 1.96% more from 52.12 million shares in 2016Q1.
Foundry Ltd Com reported 169,296 shares or 0.12% of all its holdings. The Pennsylvania-based Susquehanna Intl Ltd Liability Partnership has invested 0% in Rent-A-Center Inc (NASDAQ:RCII). Hotchkis And Wiley Ltd Co owns 1.20 million shares or 0.06% of their US portfolio. The Connecticut-based Ellington Mgmt Lc has invested 0.72% in Rent-A-Center Inc (NASDAQ:RCII). Raymond James Svcs Inc holds 0.01% or 68,065 shares in its portfolio. Ubs Asset Mngmt Americas owns 44,028 shares or 0% of their US portfolio. New Amsterdam Prtn Limited Liability Company Ny accumulated 0.26% or 87,279 shares. Dimensional Fund Advsrs Limited Partnership holds 3.73M shares or 0.03% of its portfolio. Barclays Pcl owns 24,342 shares or 0% of their US portfolio. Lazard Asset Management Lc accumulated 0% or 65,100 shares. Guggenheim Cap Limited Com has invested 0.01% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII). Qs Invsts Lc has 0.07% invested in the company for 654,934 shares. Credit Suisse Ag has invested 0% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII). Legal & General Grp Inc Pcl last reported 0% of its portfolio in the stock. Financial Bank Of Nova Scotia last reported 175,375 shares in the company.

More notable recent Rent-A-Center Inc (NASDAQ:RCII) news were published by: Nasdaq.com which released: “Rent-A-Center Inc. (RCII) Ex-Dividend Date Scheduled for September 29, 2016” on September 28, 2016, also Fool.com with their article: “Why Rent-A-Center Inc. Shares Plummeted Today” published on April 28, 2016, Fool.com published: “Why Rent-A-Center, Inc. Shares Plummeted 24% Last Month” on November 15, 2015. More interesting news about Rent-A-Center Inc (NASDAQ:RCII) were released by: Businesswire.com and their article: “Rent-A-Center, Inc. Announces Second Quarter 2016 Earnings Call and Webcast” published on July 05, 2016 as well as Businesswire.com‘s news article titled: “Rent-A-Center, Inc. Declares Cash Dividend” with publication date: September 08, 2016.

RCII Company Profile

Rent-A-Center, Inc., incorporated on November 26, 2002, is a rent-to-own operator in North America. The Firm 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 Firm operates in four divisions: Core U.S., Acceptance Now, Mexico, and Franchising. The Firm offers brands, such as LG, Samsung, Sony and Vizio home electronics; Frigidaire, General Electric, LG, Samsung and Whirlpool appliances; Acer, Apple, Asus, Samsung and Toshiba computers and/or tablets; LG and Samsung smartphones, and Ashley, Powell and Standard furniture. The Company’s Core U.S. and Mexico stores generally offer merchandise from over five basic product categories: consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories). Consumer electronic products offered by its stores include high definition televisions, home theater systems, video game consoles and stereos. Appliances include refrigerators, freezers, washing machines, dryers and ranges. The Firm offers desktop, laptop, tablet computers and smartphones. The Company’s furniture products include dining room, living room and bedroom furniture featuring a number of styles, materials and colors. The Company’s accessories include lamps and tables, and are rented as part of a package of items, such as a complete room of furniture.

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