Rent-A-Center Inc. (RCII) Bonds Trading 0.9% Lower

An issue of Rent-A-Center Inc. (NASDAQ:RCII) debt fell 0.9% as a percentage of its face value during trading on Wednesday. The debt issue has a 4.75% coupon and is set to mature on May 1, 2021. The bonds in the issue are now trading at $93.35 and were trading at $92.82 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.

A number of equities research analysts have recently commented on RCII shares. BidaskClub cut Rent-A-Center from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Rent-A-Center in a research note on Thursday, September 7th. Zacks Investment Research cut Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Stifel Nicolaus reissued a “hold” rating and issued a $10.50 target price on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Loop Capital set a $8.00 target price on Rent-A-Center and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Rent-A-Center has an average rating of “Hold” and an average target price of $11.21.

Rent-A-Center Inc. (NASDAQ RCII) traded up $0.07 during trading on Wednesday, hitting $11.30. The company had a trading volume of 1,005,910 shares, compared to its average volume of 1,781,834. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. Rent-A-Center Inc. has a 12 month low of $7.76 and a 12 month high of $13.89.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Monday, October 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The business had revenue of $643.97 million for the quarter, compared to analysts’ expectations of $649.09 million. During the same period last year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. equities analysts anticipate that Rent-A-Center Inc. will post -0.19 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Rent-A-Center by 3.2% during the first quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock valued at $63,118,000 after buying an additional 223,478 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Rent-A-Center by 2.2% during the third quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after buying an additional 68,605 shares during the last quarter. Arlington Value Capital LLC boosted its position in shares of Rent-A-Center by 85.2% during the second quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after buying an additional 1,252,756 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Rent-A-Center by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock valued at $20,190,000 after buying an additional 23,437 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Rent-A-Center by 2.4% during the second quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock valued at $24,290,000 after buying an additional 49,068 shares during the last quarter.

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About Rent-A-Center

Rent-A-Center, Inc is a rent-to-own operator in North America. The Company 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 Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.

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