Monday, June 1, 2020

Where Will Rent-A-Center Inc. (RCII) Be in 1 Year?

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The Rent-A-Center Inc. (NASDAQ:RCII) went up by 0.80% in Thursday’s trading session, a rise equivalent to $0.2 from pervious market close price. The lowest point that the shares touched during the trading session was $24.70, while the peak of the day was recorded at a share price of $25.36. RCII finished the previous session at $24.89 according to the data provided by Barchart, while the trading volume was observed to be $0.49 million.

In the 100 days of trading, RCII managed to top a 22.42% Moving average. Additionally, Rent-A-Center Inc. shares have achieved a 52-week range between 11.69 and 31.14 alongside 100 days raw stochastic set at 66.74%.

The number of shares outstanding, according to the fundamentals of the company, is set at 54.77M, equal to the value of $1.33B in market capitalization. In the last 30 days, Rent-A-Center Inc. shares went down by -3.22%, adding 25.49 to growth in value, on top of a +51.72% boost since 04/21/20.

Rent-A-Center Inc. (NASDAQ:RCII) Analyst’s Estimates

Rent-A-Center Inc. (RCII) could record at least $0.59 per share in quarterly earnings in the upcoming report on 08/03/2020, a number that would actually represent an increase of 2.56 YOY.

According to the average analyst rating, Rent-A-Center Inc. would be rated as Overweight. Out of 8 different analysts monitoring RCII stock, 6 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that RCII is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.

On May 14, 2020, the stock earned a Upgrade rating due to a new analyst call from Stephens, while analysts from Loop Capital believe that the stock is set at Buy from Hold, as concluded on May 08, 2020. Northcoast, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on November 13, 2019.

Regardless of the rating, Stifel did increase their price to $28 as they are considering target share price analysis. Janney, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on August 08, 2019, giving the stock a Buy from the Neutral rating.

RCII Key Ratios To Watch:

Taking in account the profitability of the Company, gross profit margin of +35.69% has been attained, while the operating margin has been recorded at +7.23%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 11.65%. Beta value of the stock is recorded at 1.41. Additionally, Rent-A-Center Inc. is recording price volatility of 3.64% for the period of the last seven days and 5.55% in the last 30 days.

Rent-A-Center Inc. (NASDAQ:RCII) Technical Outlook

For the period of the last 50 days, Rent-A-Center Inc. had its Raw Stochastic average set at 94.06% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 90.45%. Stochastic %K for Rent-A-Center Inc., with the last 20 days included, was set at 90.56%, having Stochastic %D topping 91.32%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Rent-A-Center Inc. stocks with recording -13.00% in metrics.

Rent-A-Center Inc. Insider Watch:

Similarly, 108.68% of the company’s float is held by institutions – and there are 324 institutions in total holding shares of this company. The top three institutional holders of RCII stocks are: Vanguard Group, Inc. (The) with ownership of $116.94 million, which is approximately 8270309 of the company’s shares; Blackrock Inc., holding 7166693 shares of the stock with an approximate value of $101.34 million; and Engaged Capital, LLC, currently with more than 5333609 shares of the company valued at $75.42 million. Positions in Rent-A-Center Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 10 insider purchases amounting to 174086 shares. Similarly, there were 1 sale transactions amounting to 1380 shares, with the net shares purchased during the last six months reaching 172,706.

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