Stock Mover of the Day: Is Selling Rent-A-Center Inc Here a Winning Strategy?

Stock Mover of the Day: Is Selling Rent A Center Inc Here a Winning Strategy?

The stock of Rent-A-Center Inc (NASDAQ:RCII) is a huge mover today! About 1.13M shares traded hands. Rent-A-Center Inc (NASDAQ:RCII) has declined 22.13% since April 13, 2016 and is downtrending. It has underperformed by 26.06% the S&P500.
The move comes after 5 months negative chart setup for the $604.74M company. It was reported on Nov, 15 by Barchart.com. We have $10.27 PT which if reached, will make NASDAQ:RCII worth $48.38 million less.

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

Out of 9 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Rent-A-Center Inc has been the topic of 9 analyst reports since July 29, 2015 according to StockzIntelligence Inc. BB&T Capital downgraded Rent-A-Center Inc (NASDAQ:RCII) on Tuesday, January 12 to “Hold” rating. The firm has “Buy” rating by Sidoti given on Monday, October 19. The stock of Rent-A-Center Inc (NASDAQ:RCII) earned “Sector Weight” rating by KeyBanc Capital Markets on Thursday, October 29. The rating was maintained by Cantor Fitzgerald with “Buy” on Wednesday, October 28. The firm earned “Hold” rating on Thursday, October 13 by Jefferies. The stock of Rent-A-Center Inc (NASDAQ:RCII) has “Buy” rating given on Tuesday, May 24 by Topeka Capital Markets. The stock of Rent-A-Center Inc (NASDAQ:RCII) has “Strong Buy” rating given on Tuesday, March 15 by Raymond James.

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 increased, 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.
Paloma Prtn Mngmt accumulated 0% or 12,600 shares. State Street Corporation owns 1.58 million shares or 0% of their US portfolio. Arizona State Retirement System, a Arizona-based fund reported 27,600 shares. Lazard Asset Mgmt Ltd Liability has 0% invested in the company for 65,100 shares. Kbc Gru Nv, a Belgium-based fund reported 2,271 shares. Ubs Asset Mngmt Americas accumulated 44,028 shares or 0% of the stock. Old Mutual Customised Solutions (Proprietary) holds 0.01% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII) for 2,900 shares. New Amsterdam Lc New York accumulated 87,279 shares or 0.26% of the stock. Northern Trust has 681,804 shares for 0% of their US portfolio. Carroll Assocs Incorporated accumulated 300 shares or 0% of the stock. Blackrock Fund holds 0.01% or 3.42M shares in its portfolio. Citadel Advisors Lc reported 342,478 shares or 0% of all its holdings. Schwab Charles Inv Incorporated last reported 0.02% of its portfolio in the stock. Dimensional Fund Advisors Lp holds 0.03% or 3.73 million shares in its portfolio. Key Colony Mgmt Limited Liability Company accumulated 34,528 shares or 0.54% of the stock.

More notable recent Rent-A-Center Inc (NASDAQ:RCII) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” on October 27, 2016, also Prnewswire.com with their article: “Rent-A-Center (RCII) Alert: Johnson & Weaver, LLP Continues Investigation of …” published on October 30, 2016, Businesswire.com published: “Rent-A-Center, Inc. Reports Third Quarter 2016 Results” on October 26, 2016. More interesting news about Rent-A-Center Inc (NASDAQ:RCII) were released by: Prnewswire.com and their article: “Rent-A-Center (RCII) Alert: Shareholder Rights Law Firm Johnson & Weaver, LLP …” published on October 20, 2016 as well as Prnewswire.com‘s news article titled: “Hynes Keller & Hernandez, LLC Announces Investigation of Rent-A-Center, Inc …” with publication date: October 25, 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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