The stock of Rent-A-Center Inc (NASDAQ:RCII) hit a new 52-week low and has $7.87 target or 13.00% below today’s $9.05 share price. The 5 months bearish chart indicates high risk for the $486.84 million company. The 1-year low was reported on Oct, 11 by Barchart.com. If the $7.87 price target is reached, the company will be worth $63.29 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 3.29 million shares traded hands or 460.71% up from the average. Rent-A-Center Inc (NASDAQ:RCII) has declined 5.22% since March 8, 2016 and is downtrending. It has underperformed by 14.54% the S&P500.
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 $21.52M for 5.66 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. $45 is the highest target while $27 is the lowest. The $37.20 average target is 311.05% above today’s ($9.05) stock price. Rent-A-Center Inc has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, May 24 by Topeka Capital Markets. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Thursday, October 29. On Monday, October 19 the stock rating was initiated by Sidoti with “Buy”. Cantor Fitzgerald maintained Rent-A-Center Inc (NASDAQ:RCII) rating on Wednesday, October 28. Cantor Fitzgerald has “Buy” rating and $29 price target. The stock of Rent-A-Center Inc (NASDAQ:RCII) earned “Strong Buy” rating by Raymond James on Tuesday, March 15. The stock of Rent-A-Center Inc (NASDAQ:RCII) earned “Hold” rating by BB&T Capital on Tuesday, January 12.
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.
Public Employees Retirement Association Of Colorado accumulated 0% or 11,346 shares. Pinnacle Hldgs Ltd Llc last reported 38,150 shares in the company. Moreover, Lapides Asset Management Limited Liability Corp has 0.38% invested in Rent-A-Center Inc (NASDAQ:RCII) for 167,900 shares. Lucus Advsrs Limited Liability Company holds 0.29% or 28,381 shares in its portfolio. Legal General Gru Public Ltd Com holds 0% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII) for 85,582 shares. Guggenheim Cap Llc accumulated 0.01% or 317,340 shares. Moreover, Old Mutual (Uk) Limited has 0.15% invested in Rent-A-Center Inc (NASDAQ:RCII) for 644,545 shares. Creative Planning last reported 0% of its portfolio in the stock. Wfg Advsrs L P last reported 0% of its portfolio in the stock. Lazard Asset Mgmt Llc has 65,100 shares for 0% of their US portfolio. Voya Management Limited Liability owns 23,089 shares or 0% of their US portfolio. Martingale Asset Management L P accumulated 99,332 shares or 0.02% of the stock. Moreover, Tower Research Cap Llc (Trc) has 0% invested in Rent-A-Center Inc (NASDAQ:RCII) for 3,791 shares. Tudor Investment Et Al holds 0% or 14,520 shares in its portfolio. Irving Magee Investment Management reported 148,127 shares or 0.89% of all its holdings.
More notable recent Rent-A-Center Inc (NASDAQ:RCII) news were published by: Marketwatch.com which released: “Rent-A-Center warns of profit miss” on October 11, 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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