Rent-A-Center Inc. (NASDAQ:RCII) announced a quarterly dividend on Thursday, September 8th. Investors of record on Monday, October 3rd will be paid a dividend of 0.08 per share on Thursday, October 20th. This represents a $0.32 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, September 29th.
Shares of Rent-A-Center (NASDAQ:RCII) opened at 12.82 on Friday. The company’s 50-day moving average is $12.54 and its 200-day moving average is $13.24. Rent-A-Center has a one year low of $9.76 and a one year high of $26.26. The company’s market cap is $680.95 million.
Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.49 by $0.08. The company earned $749.60 million during the quarter, compared to analysts’ expectations of $782.12 million. Rent-A-Center had a positive return on equity of 14.03% and a negative net margin of 27.93%. Rent-A-Center’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. On average, equities analysts predict that Rent-A-Center will post $1.73 EPS for the current year.
In other news, CEO Robert Dale Davis acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $10.87 per share, with a total value of $108,700.00. Following the completion of the acquisition, the chief executive officer now owns 131,850 shares of the company’s stock, valued at approximately $1,433,209.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC raised its stake in shares of Rent-A-Center by 1.3% in the second quarter. BlackRock Advisors LLC now owns 25,246 shares of the company’s stock worth $310,000 after buying an additional 329 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Rent-A-Center by 1.5% in the second quarter. Arizona State Retirement System now owns 27,600 shares of the company’s stock worth $339,000 after buying an additional 400 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Rent-A-Center by 6.1% in the second quarter. Profund Advisors LLC now owns 17,376 shares of the company’s stock worth $213,000 after buying an additional 998 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Rent-A-Center by 1.1% in the second quarter. Thrivent Financial for Lutherans now owns 142,220 shares of the company’s stock worth $1,747,000 after buying an additional 1,600 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in shares of Rent-A-Center by 2.6% in the second quarter. Greenwich Wealth Management LLC now owns 73,967 shares of the company’s stock worth $908,000 after buying an additional 1,845 shares in the last quarter. 98.58% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Rent-A-Center has a consensus rating of “Buy” and a consensus target price of $22.72.
Rent-A-Center Company Profile
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company 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 Company operates in four segments: Core U.S., Acceptance Now, Mexico and Franchising.
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