Dimensional Fund Advisors LP reduced its position in shares of Rent-A-Center Inc (NASDAQ:RCII) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 905,286 shares of the company’s stock after selling 13,791 shares during the period. Dimensional Fund Advisors LP owned about 1.69% of Rent-A-Center worth $14,656,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in RCII. Millennium Management LLC raised its position in shares of Rent-A-Center by 2,935.8% during the fourth quarter. Millennium Management LLC now owns 1,385,377 shares of the company’s stock worth $22,429,000 after purchasing an additional 1,339,742 shares during the period. Thrivent Financial for Lutherans raised its position in Rent-A-Center by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 30,977 shares of the company’s stock valued at $502,000 after buying an additional 681 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Rent-A-Center in the 4th quarter valued at $205,000. Metropolitan Life Insurance Co. NY raised its position in Rent-A-Center by 421.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,645 shares of the company’s stock valued at $237,000 after buying an additional 11,835 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in Rent-A-Center by 33.8% in the 4th quarter. Squarepoint Ops LLC now owns 266,666 shares of the company’s stock valued at $4,317,000 after buying an additional 67,430 shares during the last quarter. Institutional investors own 95.26% of the company’s stock.
RCII has been the subject of a number of analyst reports. BidaskClub raised Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 9th. ValuEngine raised Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Jefferies Financial Group increased their price target on Rent-A-Center from $19.50 to $22.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Finally, Stephens raised Rent-A-Center from an “underweight” rating to an “equal” rating and set a $27.00 price target for the company in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.00.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.29. The firm had revenue of $696.69 million during the quarter, compared to analyst estimates of $683.62 million. Rent-A-Center had a return on equity of 33.38% and a net margin of 1.34%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS. Sell-side analysts anticipate that Rent-A-Center Inc will post 2.12 earnings per share for the current fiscal year.
In other Rent-A-Center news, EVP Catherine M. Skula sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total value of $122,250.00. Following the sale, the executive vice president now owns 32,090 shares of the company’s stock, valued at approximately $784,600.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by company insiders.
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.
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