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NASDAQ:RCII

Rent-A-Center - RCII Stock Forecast, Price & News

$29.36
-0.76 (-2.52%)
(As of 08/19/2022 10:03 AM ET)
Add
Compare
Today's Range
$29.21
$29.63
50-Day Range
$19.45
$31.22
52-Week Range
$18.88
$67.76
Volume
2,271 shs
Average Volume
711,943 shs
Market Capitalization
$1.74 billion
P/E Ratio
41.35
Dividend Yield
4.47%
Price Target
$52.00

Rent-A-Center MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
72.6% Upside
$52.00 Price Target
Short Interest
Healthy
9.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.94
Upright™ Environmental Score
News Sentiment
0.94mentions of Rent-A-Center in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$25,304 Bought Last Quarter
Proj. Earnings Growth
14.05%
From $4.20 to $4.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Consumer Discretionary Sector

40th out of 288 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

1st out of 14 stocks

RCII stock logo

About Rent-A-Center (NASDAQ:RCII) Stock

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Acima, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within retailer's locations. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and rentacenter.com, an e-commerce platform. As of December 31, 2021, the company owned and operated approximately 1,846 stores in the United States and Puerto Rico, including 45 retail installment sales stores; 35 Acima staffed locations in North Carolina; and 123 stores in Mexico, as well as franchised 466 lease-to-own stores in 32 states. Rent-A-Center, Inc. was founded in 1960 and is headquartered in Plano, Texas.

Rent-A-Center Price Performance

NASDAQ:RCII traded down $0.33 during mid-day trading on Thursday, hitting $30.12. The stock had a trading volume of 434,513 shares, compared to its average volume of 983,159. The firm's 50 day moving average is $23.60 and its 200 day moving average is $26.93. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.37 and a quick ratio of 0.83. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 42.42 and a beta of 1.67. Rent-A-Center has a twelve month low of $18.88 and a twelve month high of $67.76.

Rent-A-Center (NASDAQ:RCII - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.13. Rent-A-Center had a net margin of 1.02% and a return on equity of 46.90%. During the same period in the prior year, the company earned $1.63 EPS. Equities research analysts forecast that Rent-A-Center will post 4.2 earnings per share for the current fiscal year.

Rent-A-Center Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Shareholders of record on Tuesday, June 21st were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Friday, June 17th. Rent-A-Center's dividend payout ratio (DPR) is currently 191.55%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com cut shares of Rent-A-Center from a "buy" rating to a "hold" rating in a research note on Tuesday, August 2nd. KeyCorp dropped their price objective on shares of Rent-A-Center from $44.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, August 5th. Finally, Stephens downgraded Rent-A-Center from an "overweight" rating to an "equal weight" rating and set a $42.00 price target on the stock. in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Insider Buying and Selling at Rent-A-Center

In other news, Director Jeffrey J. Brown purchased 1,223 shares of the stock in a transaction dated Tuesday, July 12th. The shares were purchased at an average price of $20.69 per share, with a total value of $25,303.87. Following the transaction, the director now owns 75,669 shares in the company, valued at approximately $1,565,591.61. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

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RCII Stock News Headlines

StockNews.com Lowers Rent-A-Center (NASDAQ:RCII) to Hold
Rent-A-Center (NASDAQ:RCII) Upgraded to Buy at StockNews.com
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RCII Company Calendar

Ex-Dividend for 7/12 Dividend
6/17/2022
Dividend Payable
7/12/2022
Last Earnings
8/03/2022
Today
8/19/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Computer & Electronics Retail
Current Symbol
NASDAQ:RCII
CUSIP
76009N10
Employees
14,290
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$52.00
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+77.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$134.94 million
Pretax Margin
1.96%

Debt

Sales & Book Value

Annual Sales
$4.58 billion
Cash Flow
$25.75 per share
Book Value
$9.44 per share

Miscellaneous

Free Float
52,687,000
Market Cap
$1.74 billion
Optionable
Optionable
Beta
1.67

Key Executives

  • Mr. Mitchell E. FadelMr. Mitchell E. Fadel (Age 65)
    CEO & Director
    Comp: $3.05M
  • Ms. Maureen B. ShortMs. Maureen B. Short (Age 47)
    Exec. VP & CFO
    Comp: $912.36k
  • Mr. Bryan J. Pechersky (Age 51)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $654.89k
  • Mr. Anthony J. BlasquezMr. Anthony J. Blasquez (Age 46)
    Exec. VP of Rent-A-Center Bus.
    Comp: $698.14k
  • Mr. Michael Santimaw
    Sr. VP & Chief Information Officer
  • Mr. Brendan James Metrano C.F.A.
    VP of Investor Relations
  • Tyler Montrone
    Sr. VP, Chief Compliance Officer & Assistant Gen. Counsel – Acima
  • Ms. Ann L. Davids (Age 53)
    Exec. VP, Chief Customer Officer & Chief Marketing Officer
  • Mr. Transient C. Taylor (Age 56)
    Exec. VP & Chief HR Officer
  • Mr. James York (Age 53)
    Sr. VP of Rent-A-Center East













RCII Stock - Frequently Asked Questions

Should I buy or sell Rent-A-Center stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rent-A-Center in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCII shares.
View RCII analyst ratings
or view top-rated stocks.

What is Rent-A-Center's stock price forecast for 2022?

4 equities research analysts have issued 12-month price objectives for Rent-A-Center's shares. Their RCII share price forecasts range from $40.00 to $85.00. On average, they expect the company's stock price to reach $52.00 in the next twelve months. This suggests a possible upside of 72.6% from the stock's current price.
View analysts price targets for RCII
or view top-rated stocks among Wall Street analysts.

How have RCII shares performed in 2022?

Rent-A-Center's stock was trading at $48.04 on January 1st, 2022. Since then, RCII shares have decreased by 37.3% and is now trading at $30.12.
View the best growth stocks for 2022 here
.

When is Rent-A-Center's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our RCII earnings forecast
.

How were Rent-A-Center's earnings last quarter?

Rent-A-Center, Inc. (NASDAQ:RCII) released its quarterly earnings results on Wednesday, August, 3rd. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.13. Rent-A-Center had a net margin of 1.02% and a trailing twelve-month return on equity of 46.90%. During the same quarter in the previous year, the firm earned $1.63 EPS.

How often does Rent-A-Center pay dividends? What is the dividend yield for Rent-A-Center?

Rent-A-Center announced a quarterly dividend on Wednesday, June 8th. Stockholders of record on Tuesday, June 21st will be given a dividend of $0.34 per share on Tuesday, July 12th. This represents a $1.36 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, June 17th.
Read our dividend analysis for RCII
.

Is Rent-A-Center a good dividend stock?

Rent-A-Center (NASDAQ:RCII) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.47%. RCII has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 191.55%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RCII will have a dividend payout ratio of 28.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCII.

What guidance has Rent-A-Center issued on next quarter's earnings?

Rent-A-Center issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $4.00-$4.50 for the period, compared to the consensus EPS estimate of $4.60. The company issued revenue guidance of $4.26 billion-$4.38 billion, compared to the consensus revenue estimate of $4.48 billion.

What is Mitch Fadel's approval rating as Rent-A-Center's CEO?

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

What other stocks do shareholders of Rent-A-Center own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rent-A-Center investors own include NVIDIA (NVDA), 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).

What is Rent-A-Center's stock symbol?

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

Who are Rent-A-Center's major shareholders?

Rent-A-Center's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (13.27%), State Street Corp (3.63%), Ieq Capital LLC (3.48%), Northern Trust Corp (0.97%), Millennium Management LLC (0.68%) and Kennedy Capital Management Inc. (0.60%). Insiders that own company stock include Ann L Davids, Anthony J Blasquez, Anthony J Blasquez, Catherine M Skula, Catherine M Skula, Christopher B Hetrick, Jeffrey J Brown, Maureen B Short, Mitchell E Fadel and Mitchell E Fadel.
View institutional ownership trends
.

How do I buy shares of Rent-A-Center?

Shares of RCII stock 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.
Compare Top Brokerages Here.

What is Rent-A-Center's stock price today?

One share of RCII stock can currently be purchased for approximately $30.12.

How much money does Rent-A-Center make?

Rent-A-Center (NASDAQ:RCII) has a market capitalization of $1.78 billion and generates $4.58 billion in revenue each year. The company earns $134.94 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Rent-A-Center have?

The company employs 14,290 workers across the globe.

Does Rent-A-Center have any subsidiaries?
The following companies are subsidiares of Rent-A-Center: Rainbow Rentals, Rent-Way, and The Rental Store.
Read More
When was Rent-A-Center founded?

Rent-A-Center was founded in 1986.

How can I contact Rent-A-Center?

Rent-A-Center's mailing address is 5501 HEADQUARTERS DRIVE, PLANO TX, 75024. The official website for the company is www.rentacenter.com. The company can be reached via phone at (972) 801-1100, via email at maureen.short@rentacenter.com, or via fax at 972-943-0113.

This page (NASDAQ:RCII) was last updated on 8/19/2022 by MarketBeat.com Staff

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