Price Action Report: Can Rent-A-Center Inc’s Tomorrow be Different? The Stock Declines Again

Price Action Report: Can Rent A Center Inc's Tomorrow be Different? The Stock Declines Again

The stock of Rent-A-Center Inc (NASDAQ:RCII) is a huge mover today! About 9.45M shares traded hands or 1510.54% 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.
The move comes after 8 months negative chart setup for the $490.51M company. It was reported on Oct, 11 by We have $8.12 PT which if reached, will make NASDAQ:RCII worth $53.96M less.

Analysts await Rent-A-Center Inc (NASDAQ:RCII) to report earnings on October, 24. They expect $0.40 earnings per share, down 14.89% or $0.07 from last year’s $0.47 per share. RCII’s profit will be $21.53M for 5.70 P/E if the $0.40 EPS becomes a reality. After $0.41 actual earnings per share 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. The company was upgraded on Tuesday, March 15 by Raymond James. The firm has “Buy” rating given on Tuesday, May 24 by Topeka Capital Markets. BB&T Capital downgraded Rent-A-Center Inc (NASDAQ:RCII) on Tuesday, January 12 to “Hold” rating. The firm earned “Buy” rating on Monday, October 19 by Sidoti. On Wednesday, October 28 the stock rating was maintained by Cantor Fitzgerald with “Buy”. KeyBanc Capital Markets downgraded Rent-A-Center Inc (NASDAQ:RCII) on Thursday, October 29 to “Sector Weight” rating.

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 2016 Q2. Its up 0.89, from 0.89 in 2016Q1. The ratio improved, 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.
Tower Research Cap Ltd Liability Co (Trc) last reported 3,791 shares in the company. Clinton last reported 0.01% of its portfolio in the stock. Tudor Invest Corporation Et Al accumulated 14,520 shares or 0% of the stock. Pinebridge Invs Lp holds 0% or 6,487 shares in its portfolio. Lombardia Ltd Liability Com reported 1.15M shares or 0.93% of all its holdings. Lapides Asset Mngmt Lc last reported 167,900 shares in the company. Zacks Investment Mgmt has invested 0.01% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII). The North Carolina-based Carroll Fincl Inc has invested 0% in Rent-A-Center Inc (NASDAQ:RCII). The Pennsylvania-based Federated Pa has invested 0% in Rent-A-Center Inc (NASDAQ:RCII). Financial Bank Of America De has 0% invested in the company for 42,374 shares. Systematic Mgmt L P last reported 0.02% of its portfolio in the stock. State Street Corp holds 0% or 1.58M shares in its portfolio. Blackrock Fund Advsrs owns 3.42 million shares or 0.01% of their US portfolio. Prudential Fincl owns 203,808 shares or 0% of their US portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0% in Rent-A-Center Inc (NASDAQ:RCII).

More notable recent Rent-A-Center Inc (NASDAQ:RCII) news were published by: which released: “12 Biggest Mid-Day Losers For Tuesday” on October 11, 2016, also with their article: “Stocks Hitting 52-Week Lows” published on October 11, 2016, published: “Rent-A-Center warns of profit miss” on October 11, 2016. More interesting news about Rent-A-Center Inc (NASDAQ:RCII) were released by: and their article: “Why Rent-A-Center Inc. Shares Plummeted Today” published on April 28, 2016 as well as‘s news article titled: “Rent-A-Center, Inc. Announces Second Quarter 2016 Earnings Call and Webcast” with publication date: July 05, 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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