Rent-A-Center Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rent-A-Center in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Rent-A-Center stock.
View analyst ratings for Rent-A-Center or view top-rated stocks.

Wall Street analysts have given Rent-A-Center a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Rent-A-Center wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Rent-A-Center saw a drop in short interest in August. As of August 13th, there was short interest totaling 1,750,000 shares, a drop of 12.5% from the July 29th total of 2,000,000 shares. Based on an average daily trading volume, of 647,000 shares, the short-interest ratio is presently 2.7 days. Currently, 2.9% of the shares of the company are short sold.
View Rent-A-Center's Short Interest.

Rent-A-Center is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Rent-A-Center.

Rent-A-Center, Inc. (NASDAQ:RCII) issued its quarterly earnings data on Wednesday, August, 4th. The company reported $1.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.36 by $0.27. The business earned $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Rent-A-Center had a net margin of 6.13% and a trailing twelve-month return on equity of 46.39%. Rent-A-Center's quarterly revenue was up 69.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share.
View Rent-A-Center's earnings history.

Rent-A-Center's stock was trading at $17.87 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RCII shares have increased by 238.6% and is now trading at $60.50.
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Rent-A-Center announced a quarterly dividend on Thursday, September 16th. Investors of record on Tuesday, September 28th will be given a dividend of $0.31 per share on Tuesday, October 19th. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, September 27th.
View Rent-A-Center's dividend history.

Rent-A-Center pays an annual dividend of $1.24 per share and currently has a dividend yield of 2.00%. The dividend payout ratio of Rent-A-Center is 35.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Rent-A-Center will have a dividend payout ratio of 17.79% next year. This indicates that Rent-A-Center will be able to sustain or increase its dividend.
View Rent-A-Center's dividend history.

Rent-A-Center issued an update on its FY 2021 earnings guidance on Wednesday, September, 1st. The company provided earnings per share (EPS) guidance of $5.900-$6.400 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.660. The company issued revenue guidance of $4.55 billion-$4.67 billion, compared to the consensus revenue estimate of $4.56 billion.

7 brokers have issued twelve-month price targets for Rent-A-Center's shares. Their forecasts range from $52.00 to $85.00. On average, they anticipate Rent-A-Center's stock price to reach $70.80 in the next twelve months. This suggests a possible upside of 17.0% from the stock's current price.
View analysts' price targets for Rent-A-Center or view top-rated stocks among Wall Street analysts.

189 employees have rated Rent-A-Center CEO Mitch Fadel on Glassdoor.com. Mitch Fadel has an approval rating of 53% among Rent-A-Center's employees. This puts Mitch Fadel in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Rent-A-Center include AerCap (AER), Air Lease (AL), Triton International (TRTN), PROG (PRG), Custom Truck One Source (CTOS), McGrath RentCorp (MGRC), Textainer Group (TGH), CAI International (CAI), The Aaron's (AAN), Katapult (KPLT), Black Diamond Group (BDIMF), Exterran (EXTN), Quest Resource (QRHC), FlexShopper (FPAY) and AeroCentury (ACY).
View all of RCII's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rent-A-Center investors own include NVIDIA (NVDA), The Aaron's (AAN), Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), Intel (INTC), Micron Technology (MU), PayPal (PYPL), AT&T (T), Activision Blizzard (ATVI) and McDonald's (MCD).

Rent-A-Center trades on the NASDAQ under the ticker symbol "RCII."

Rent-A-Center's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.80%), Vanguard Group Inc. (11.84%), FMR LLC (3.53%), State Street Corp (3.04%), Fuller & Thaler Asset Management Inc. (2.94%) and Renaissance Technologies LLC (2.46%). Company insiders that own Rent-A-Center stock include Ann L Davids, Anthony J Blasquez, Catherine M Skula, Christopher B Hetrick, Jeffrey J Brown, Maureen B Short and Mitchell E Fadel.
View institutional ownership trends for Rent-A-Center.

RCII stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, JPMorgan Chase & Co., Federated Hermes Inc., Millennium Management LLC, LSV Asset Management, Invesco Ltd., American Century Companies Inc., and Cubist Systematic Strategies LLC. Company insiders that have sold Rent-A-Center company stock in the last year include Ann L Davids, Anthony J Blasquez, Catherine M Skula, Maureen B Short, and Mitchell E Fadel.
View insider buying and selling activity for Rent-A-Center or view top insider-selling stocks.

RCII stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., FMR LLC, State Street Corp, Geode Capital Management LLC, Kennedy Capital Management Inc., Monarch Partners Asset Management LLC, and Northern Trust Corp. Company insiders that have bought Rent-A-Center stock in the last two years include Christopher B Hetrick, and Jeffrey J Brown.
View insider buying and selling activity for Rent-A-Center or or view top insider-buying stocks.

Shares of RCII can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RCII stock can currently be purchased for approximately $60.50.

Rent-A-Center has a market capitalization of $4.02 billion and generates $2.81 billion in revenue each year. The company earns $208.12 million in net income (profit) each year or $3.53 on an earnings per share basis.

Rent-A-Center employs 14,320 workers across the globe.

The following companies are subsidiares of Rent-A-Center: Rainbow Rentals, Rent-Way, and The Rental Store.

Rent-A-Center was founded in 1986.

The official website for Rent-A-Center is www.rentacenter.com.

Rent-A-Center is headquartered at 5501 HEADQUARTERS DRIVE, PLANO TX, 75024.

Rent-A-Center's mailing address is 5501 HEADQUARTERS DRIVE, PLANO TX, 75024. The company can be reached via phone at (972) 801-1100 or via email at [email protected].