Market Runner: Rent-A-Center Inc Stock Is Rising Now

Market Runner: Rent A Center Inc Stock Is Rising Now

The stock of Rent-A-Center Inc (NASDAQ:RCII) is a huge mover today! About 267,886 shares traded hands. Rent-A-Center Inc (NASDAQ:RCII) has declined 24.60% since April 18, 2016 and is downtrending. It has underperformed by 29.03% the S&P500.
The move comes after 9 months positive chart setup for the $606.97 million company. It was reported on Nov, 18 by We have $14.62 PT which if reached, will make NASDAQ:RCII worth $169.95 million more.

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

Out of 9 analysts covering Rent-A-Center Inc (NASDAQ:RCII), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Rent-A-Center Inc has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Rent-A-Center Inc (NASDAQ:RCII) earned “Sector Weight” rating by KeyBanc Capital Markets on Thursday, October 29. Cantor Fitzgerald maintained the stock with “Buy” rating in Wednesday, October 28 report. The stock of Rent-A-Center Inc (NASDAQ:RCII) earned “Hold” rating by Jefferies on Thursday, October 13. Sidoti initiated it with “Buy” rating and $40 target price in Monday, October 19 report. On Tuesday, March 15 the stock rating was upgraded by Raymond James to “Strong Buy”. As per Tuesday, November 15, the company rating was downgraded by Sidoti. The firm has “Hold” rating given on Tuesday, January 12 by BB&T Capital. 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 decreased to 1.03 in 2016 Q2. Its down 0.75, from 1.78 in 2016Q1. The ratio is negative, 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.
Prudential Financial reported 203,808 shares or 0% of all its holdings. Swiss Natl Bank holds 87,300 shares or 0% of its portfolio. Massachusetts Fin Services Comm Ma last reported 0% of its portfolio in the stock. Allianz Asset Mngmt Ag holds 0% or 22,611 shares in its portfolio. Signaturefd Limited Liability Corporation last reported 102 shares in the company. Goldman Sachs Gru holds 275,670 shares or 0% of its portfolio. Grantham Mayo Van Otterloo Co Limited Liability Company accumulated 0.01% or 134,507 shares. Zacks Investment Mgmt holds 0.01% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII) for 38,764 shares. Susquehanna Grp Llp holds 0% of its portfolio in Rent-A-Center Inc (NASDAQ:RCII) for 98,512 shares. Thompson Siegel & Walmsley Limited Liability Co last reported 1.22 million shares in the company. Walleye Trading Lc last reported 9,282 shares in the company. Blackrock Ltd Llc accumulated 25,246 shares or 0% of the stock. Century Cap Mgmt Limited Liability Corp has 0.1% invested in the company for 70,273 shares. Credit Suisse Ag has 0% invested in the company for 61,183 shares. Pub Employees Retirement Association Of Colorado has 0% invested in the company for 11,346 shares.

More important recent Rent-A-Center Inc (NASDAQ:RCII) news were published by: which released: “Rent-A-Center (RCII) Alert: Johnson & Weaver, LLP Continues Investigation of …” on October 30, 2016, also published article titled: “Rent-A-Center, Inc. Reports Third Quarter 2016 Results”, published: “SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of …” on October 27, 2016. More interesting news about Rent-A-Center Inc (NASDAQ:RCII) was released by: and their article: “Bear of the Day: Rent-A-Center Inc. (RCII)” with publication date: November 03, 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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