RCII - Rent-A-Center, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
26.36
+0.39 (+1.50%)
At close: 4:00PM EDT

26.36 0.00 (0.00%)
After hours: 4:00PM EDT

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Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close25.97
Open26.06
Bid26.34 x 1000
Ask26.35 x 800
Day's Range26.00 - 26.48
52 Week Range11.69 - 31.14
Volume246,294
Avg. Volume562,280
Market Cap1.418B
Beta (5Y Monthly)1.54
PE Ratio (TTM)6.86
EPS (TTM)3.84
Earnings DateAug 05, 2020
Forward Dividend & Yield1.16 (4.47%)
Ex-Dividend DateJul 09, 2020
1y Target Est29.57
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
49% Est. Return
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    TipRanks

    3 ‘Perfect 10’ Stocks With Double-Digit Upside Potential

    You are an astute investor, you do your homework, and you identify a company whose product will be in demand. You are so confident about it that you take the money you are saving for a new set of golf clubs, and use it to buy the company’s stock. You are now eagerly awaiting the results.The company reports earnings and you are right – demand for its product is skyrocketing. However, unbelievably, the stock is down and you actually lost money. There is nothing more frustrating than being right and losing money. What happened?In today’s market, there are many factors that can influence the price of a stock besides fundamental analysis. In times like these, an investor needs a more comprehensive way to analyze investment opportunities.TipRanks has a tool that does exactly that. Building on eight important factors such as analyst ratings, hedge fund activity, news sentiment, as well as fundamentals and technicals, the Smart Score collates all of the data and assigns each stock a score ranging from 1 to 10, indicating the direction a stock could be heading in.Bearing this in mind, we used TipRanks’ database to lock in on three stocks with a “perfect 10” Smart Score. Not to mention these Buy-rated tickers offer double-digit upside potential.Rent-A-Center Inc. (RCII)First on our list is Rent-A-Center, which operates approximately 2,100 rent-to-own stores, leasing products such as electronics, appliances, computers, and furniture.Total revenues increased marginally by 0.8% to $701.9 million in the first quarter of 2020, compared to the same period in 2019. The gain was partially driven by a 1.7% rise in same store sales.Weighing in on the company’s earnings, Stephens analyst Vincent Caintic commented, “This first quarter 2020 earnings season and in subsequent calls, most of our coverage still appeared to be adjusting to the post-COVID and calling for near-term pain…Rent-A-Center, in contrast, is the only company that is guiding to flat year over year EPS in second quarter 2020 and appears to have maneuvered to neutralize the impact of COVID-19.”Caintic believes Rent-A-Center’s shares will rally going forward even though the stock is down 8% year-to-date. Caintic explained, “We have had the view that companies catering to the subprime consumer should fare better during our recession than our broader coverage. Moreover our takeaways from management calls today is that upside opportunities exist for second half 2020… We have adjusted as a result.”If that is not enough, the analyst is enthusiastic about management’s ability. He noted, “…we have been impressed with the management team since CEO Mitch Fadel took the helm in January 2018. What we once thought was a company heading for bankruptcy…has emerged as one of the strongest and best operated in our coverage. …we consider the team to be one of the best in our consumer coverage.”To this end, Caintic rates Rent-A-Center shares an Overweight (i.e. Buy), and places a $33 price target on the stock, which suggests 27% upside potential. (To watch Caintic’s track record, click here)Wall Street mostly agrees with Caintic’s view. The analyst consensus on RCII is a Strong Buy, based on 4 Buys and 1 Hold. The average price target is $30.20, which indicates 16% upside potential. (See Rent-A-Center stock analysis on TipRanks)Turtle Beach (HEAR)Next up is Turtle Beach, which sells headsets for various gaming platforms as well as keyboards, mice, and other personal computer accessories under the ROCCAT brand.The company experienced strong demand for its headsets in the first quarter of 2020, as people stayed home due to COVID-19. Besides gaming, Turtle Beach’s headsets are well-suited for working remotely and distance learning, which further boosted demand.The positive trend continued. On June 16, management increased the sales outlook for the second quarter of 2020 by a hefty 70%, citing continued strong demand and significant increases in product supply.Writing for Maxim, analyst Jack Vander Aarde weighed in on the announcement, “We raise our estimates across the board, as we expect demand for gaming headsets and accessories to remain at elevated levels. Based on NPD Group’s published industry data, broad-based gaming industry sales trends continue to grow at a robust pace.”Adding to the good news, Turtle Beach was able to dominate the market. Expounding on this, Vander Aarde stated, “…as of April, all 7 top-selling headsets and 8 of the top-10 best-selling headsets were attributed to Turtle Beach.”Looking to the future, the analyst believes Turtle Beach will continue to outperform. This is because of the upcoming launches of new consoles in the holiday season.Based on all of the above, Vander Aarde reiterated his Buy rating on the stock and raised his price target to $20, which translates to potential upside of 21%. (To watch Vander Aarde’s track record, click here)All in all, other analysts are on the same page. 4 Buys and 1 Hold add up to a Strong Buy consensus rating. Given the $19.20 average price target, shares could rise 23% over the next year. (See Turtle Beach stock analysis on TipRanks)CVS Health Corporation (CVS)Our third ‘Perfect 10’ stock is drugstore chain giant CVS Health, with $260 billion in revenue.Despite the impact of COVID-19, first-quarter results were positive. Revenues increased 8.3% from the prior year, while EPS was $1.91, almost 18% higher than the year before.The company is in the midst of transforming itself into an integrated healthcare company from a retail pharmacy. In regard to this, Deutsche Bank analyst George Hill noted, “CVS is in the early innings on delivering against its vision of a vertically integrated healthcare services company with outsized consumer engagement.”Hill is very bullish on CVS, calling it "one of his favorite investment ideas." The Deutsche Bank analyst added, “Our price target reflects 14x our 2021 EPS estimate of $7.82. The 14x multiple we use still positions CVS at a substantial discount to healthcare conglomerate bellwethers like UnitedHealth Group, given CVS’s larger relative exposure to the less-attractive retail segment.”To this end, Hill has a $109 price target on CVS to support his Buy rating. His target indicates upside potential of 77% for the coming 12 months. (To watch Hill’s track record, click here)In general, other analysts echo Hill’s positive sentiment. 8 Buys and 4 Holds mean that CVS gets a Moderate Buy consensus rating. At $77.44, the average price target indicates 26% upside potential. (See CVS Health stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Rent-A-Center Stable on Financial Resilience & E-Commerce
    Zacks

    Rent-A-Center Stable on Financial Resilience & E-Commerce

    Rent-A-Center (RCII) repays all borrowings under its ABL Credit Facility. It also declares a quarterly cash dividend of 29 cents a share for the third quarter.

  • Rent-A-Center, Inc. Announces Second Quarter 2020 Earnings Call and Webcast
    Business Wire

    Rent-A-Center, Inc. Announces Second Quarter 2020 Earnings Call and Webcast

    Rent-A-Center, Inc. (NASDAQ/NGS:RCII) today announced it will host a conference call on Thursday, August 6th, 8:30 a.m. ET to discuss second quarter results scheduled to be released following the market’s close on August 5th. Residents of the United States and Canada can listen to the call by dialing (800) 399-0012. International participants can access the call by dialing (404) 665-9632. Live webcast of the conference call will also be available on the company’s investor relations website at https://investor.rentacenter.com. A replay will be available beginning August 6th, at 11:30 a.m. ET.

  • Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.29 for the Third Quarter of 2020 and Announces Full Repayment of ABL Credit Facility
    Business Wire

    Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.29 for the Third Quarter of 2020 and Announces Full Repayment of ABL Credit Facility

    Rent-A-Center, Inc. (the "Company") (NASDAQ/NGS: RCII) today announced that its Board of Directors has approved a quarterly cash dividend of $0.29 per share for the third quarter of 2020. The dividend will be paid on July 28, 2020 to the Company’s common stockholders of record as of the close of business on July 10, 2020.

  • Should You Be Adding Rent-A-Center (NASDAQ:RCII) To Your Watchlist Today?
    Simply Wall St.

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  • Rent-A-Center, Inc. Announces Partnership With ChargeAfter, a Leader in Consumer Point of Sale Financing
    Business Wire

    Rent-A-Center, Inc. Announces Partnership With ChargeAfter, a Leader in Consumer Point of Sale Financing

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  • Hedge Funds Cashing Out Of Rent-A-Center Inc (RCII)
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  • Rent-A-Center, Inc. Announces Attendance at Jefferies Virtual Investor Conference
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    Rent-A-Center, Inc. Announces Attendance at Jefferies Virtual Investor Conference

    Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII), a leader in the lease-to-own industry, today announced that its management will participate in the Jefferies Virtual Consumer Conference from June 23-24, 2020.

  • Rent-A-Center Strong on E-Commerce & Preferred Lease Unit
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    Rent-A-Center Strong on E-Commerce & Preferred Lease Unit

    Rent-A-Center's (RCII) e-commerce initiatives and Preferred Lease segment bode well for future growth.

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    Rent-A-Center (RCII) Up 28.1% Since Last Earnings Report: Can It Continue?

    Rent-A-Center (RCII) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Rent-A-Center, Inc. Announces Executive Leadership Changes to Further Position Company for Long-Term Success
    Business Wire

    Rent-A-Center, Inc. Announces Executive Leadership Changes to Further Position Company for Long-Term Success

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  • Stocks To Watch: Rent-A-Center Sees RS Rating Rise To 82
    Investor's Business Daily

    Stocks To Watch: Rent-A-Center Sees RS Rating Rise To 82

    Rent-A-Center saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 79 to 82. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

  • Rent-A-Center, Inc. Announces Virtual Investor Conference Attendance for June 2020
    Business Wire

    Rent-A-Center, Inc. Announces Virtual Investor Conference Attendance for June 2020

    Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII), a leader in the lease-to-own industry, today announced that its management will participate in the following investor conferences in June 2020.

  • Thomson Reuters StreetEvents

    Edited Transcript of RCII earnings conference call or presentation 7-May-20 12:30pm GMT

    Q1 2020 Rent-A-Center Inc Earnings Call

  • 5 Stocks to Buy With Heavy Insider Buying in May
    InvestorPlace

    5 Stocks to Buy With Heavy Insider Buying in May

    [Editor's Note: "5 Stocks to Buy With Heavy Insider Buying" is regularly updated to include the most relevant information available.]Over the past several weeks, I have consistently pointed to record-high levels of insider buying as a bullish indicator that it's time for you to start looking for stocks to buy.Why? Two big reasons. Insiders are good at picking bottoms, and they are equally as good at picking winning stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the first point, just look at this chart from Bloomberg. Insiders are often early in calling stock market bottoms. But they are seldom wrong. Insiders bought big before the markets turned around in the early 2000s, and before markets bottomed in 2009.On the second point, stocks with heavy insider buying tend to outperform. In an email to InvestorPlace, Andrei Simonov, the chairperson of the Department of Finance at Michigan State University, said, "Insider buying is always a positive signal. Numerous academic papers showed that it is indeed a good signal."One of those academic papers, authored by Nejat Seyhun, a University of Michigan finance professor, showed that stocks with significant insider buying tend to outperform by 5%.With that in mind, let's answer a very important question. What stocks which insiders bought big in May should you be buying right now? * 20 Stocks to Buy If You're Still Betting on America to Thrive Consider these five stocks to buy now, all of which had big insider buying in May: * TransDigm (NYSE:TDG) * Harley-Davidson (NYSE:HOG) * CVS (NYSE:CVS) * Virgin Galactic (NASDAQ:SPCE) * Rent-A-Center (NASDAQ:RCII) Stocks to Buy: TransDigm (TDG)Source: Pavel Kapysh / Shutterstock.com [Note: all insider data is sourced from Finviz.com]As a designer, producer, and supplier of aircraft components, TransDigm has been hit hard amid the novel coronavirus pandemic.Flying demand has screeched to a halt. Against the backdrop of zero demand, airlines aren't ordering new commercial aircraft. TransDigm's commercial aircraft business has been slammed. This pain won't stop anytime soon. TransDigm management is calling for commercial aftermarket sales to drop by 70% to 80% for the rest of the year.But this is a near-term hiccup in what is an otherwise strong growth narrative.Over the next few years, coronavirus fears will fade and economic activity will normalize. Consumers will start flying again. Aircraft component demand will rise again. And TransDigm will get back to growing.All of that is to say that today's dirt-cheap valuation on TDG stock -- 3 times sales versus a five-year-average sales multiple of over 5 -- won't stick around.That's why I'd follow the insiders on this one. Board Director and Managing Director at Berkshire Partners, Robert Small, has bought $125 million worth in May. Fellow Board Director and former CFO of Sherwin-Williams (NYSE:SHW) Sean Hennessy bought $700,00 worth of TDG stock in May.In the long run, those big buys will yield big profits. Harley-Davidson (HOG)Source: Alex Erofeenkov / Shutterstock.com U.S. auto sales have fallen off a cliff as consumers under widespread stay-at-home orders have halted their discretionary spending. This plunge in U.S. auto market demand has caused significant pain for Harley-Davidson.Global retail motorcycle sales at Harley-Davidson dropped more than 20% year-over-year in the first quarter of 2020. HOG stock has dropped nearly 50% year-to-date.The CEO of Harley-Davidson thinks this pain is temporary. On May 8, he bought $2.1 million worth of HOG stock.I think he's right.Over the next few months, the U.S. economy will gradually reopen. As it does, consumer behavior will start to normalize, and discretionary spending will rebound. U.S. auto sales demand will slowly recover. Harley-Davidson's growth trends will improve. HOG stock will bounce back. * 7 Earnings Reports to Watch Next Week In other words, it appears the worst is over for Harley-Davidson. Going forward, things should only get better for both the company and the stock. CVS (CVS)Source: Jonathan Weiss / Shutterstock.com As a brick-and-mortar focused retailer, CVS has exposure to stay-at-home headwinds because consumers simply aren't going out and spending as much money at physical locations as they used to.For that reason, CVS stock has shed 16% this year.But the company just reported strong first-quarter numbers which handily topped expectations and included healthy revenue and operating profit growth. Perhaps more importantly, management reiterated its full-year profit guide on the basis that Covid-19 isn't creating huge financial disruption for the company.Does that mean it's time to buy the dip in CVS stock?I think so. So do insiders. Alan Lotvin, the president of CVS Caremark, bought $315,000 worth of CVS stock in mid-May.Over the next few months, economic activity will gradually normalize and CVS' already resilient growth trajectory will only improve. As it does, CVS stock will rebound back to where it was at the beginning of the year, if not higher. Virgin Galactic (SPCE)Source: Tun Pichitanon / Shutterstock.com Once one of the hottest and most hyped-up stocks in the market, commercial spaceflight company Virgin Galactic has seen the air come of out its wheels over the past few months.Specifically, the coronavirus pandemic has presumably (yet again) delayed the launch of Virgin Galactic's first commercial space flight, which was previously supposed to happen in 2020. Because a lot of the hype surrounding the company was based on its ability to finally commence commercial operations in 2020, this delay has weighed significantly on SPCE stock, which has fallen from $43 to $15 in matter of months.Insiders are buying the dip.Since May 11, four insiders -- including the CEO and COO -- have collectively bought $240,000 worth of SPCE stock.In the long run, those buys will yield big rewards.Virgin Galactic is a pioneer in the commercial space market, which is expected to grow from $350 billion today, to $1.1 trillion by 2040. Over that stretch, Virgin Galactic will turn into a really big company, powered by a niche but high-demand commercial spaceflight business and the development of hypersonic air travel technology (which could be used to replace planes at scale). * 9 Stocks to Buy as People Are Still Stuck at Home In other words, as the space economy booms over the next two decades, SPCE stock will roar higher. Against that long-term backdrop, today's coronavirus-related weakness is nothing more than a buying opportunity. Rent-A-Center (RCII)Source: dennizn / Shutterstock.com Last, but not least, on this list of stocks to buy with heavy insider buying is Rent-A-Center.As a rental equipment retailer, Rent-A-Center was initially seen on Wall Street as a big loser amid the coronavirus pandemic because of physical store closures. RCII stock dropped from $31 in late January, to $12 by March.Then, Wall Street started to think that a discount-focused, rental-oriented equipment retailer like Rent-A-Center may actually win during Covid-19, because tight budgets will push consumers away from buying big-ticket items and towards renting them.Rent-A-Center's first quarter numbers confirmed that this is the case. The company reported positive revenue and comparable sales growth in the quarter, and commented that April sales trends have been quite strong, led by out-sized gains in the e-commerce business.Over the next few months, the economy will gradually re-open (providing support for more consumer discretionary spend). But consumers will be cautious with their spend because of the huge job loss the economy has suffered (thereby providing support for more consumer discretionary spend on discount, rental items).As such, Rent-A-Center's growth trends should only get better as we head into the back-half of 2020. As they do, RCII stock will keep rallying.Insiders apparently agree. In May, two Board Directors purchased nearly $800,000 worth of RCII stock.I say follow those insiders, and stick with this rally for the foreseeable future.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm.  As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 5 Stocks to Buy With Heavy Insider Buying in May appeared first on InvestorPlace.

  • Rent-A-Center (RCII) Q1 2020 Earnings Call Transcript
    Motley Fool

    Rent-A-Center (RCII) Q1 2020 Earnings Call Transcript

    RCII earnings call for the period ending March 31, 2020.

  • Rent-A-Center (RCII) Surpasses Earnings Estimates in Q1
    Zacks

    Rent-A-Center (RCII) Surpasses Earnings Estimates in Q1

    Higher invoice volumes, robust same store sales and contributions from the buyout of Merchants Preferred aided Rent-A-Center's (RCII) first-quarter 2020 performance.

  • Rent-A-Center (RCII) Tops Q1 Earnings and Revenue Estimates
    Zacks

    Rent-A-Center (RCII) Tops Q1 Earnings and Revenue Estimates

    Rent-A-Center (RCII) delivered earnings and revenue surprises of 13.56% and 0.17%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Rent-A-Center, Inc. Reports Strong First Quarter 2020 Results
    Business Wire

    Rent-A-Center, Inc. Reports Strong First Quarter 2020 Results

    Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII) today announced results for the quarter ended March 31, 2020.

  • Moody's

    Rent-A-Center, Inc. -- Moody's announces completion of a periodic review of ratings of Rent-A-Center, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Rent-A-Center, Inc. New York, May 04, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Rent-A-Center, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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    Zacks

    Likely Coronavirus Impact on Rent-A-Center's (RCII) Q1 Earnings

    The pandemic impacted Rent-A-Center's (RCII) performance in March. Nevertheless, its 'Acceptance Now' business model is likely to have driven first-quarter 2020 results.

  • Rent-A-Center, Inc. Announces First Quarter 2020 Earnings Call and Webcast
    Business Wire

    Rent-A-Center, Inc. Announces First Quarter 2020 Earnings Call and Webcast

    Rent-A-Center, Inc. (NASDAQ/NGS:RCII) today announced it will host a conference call on Thursday, May 7th, 8:30 a.m. ET to discuss first quarter results scheduled to be released following the market’s close on May 6th. Residents of the United States and Canada can listen to the call by dialing (800) 399-0012. International participants can access the call by dialing (404) 665-9632. Live webcast of the conference call will also be available on the company’s investor relations website at https://investor.rentacenter.com. A replay will be available beginning May 7th, at 11:30 a.m. ET.

  • GlobeNewswire

    Engaged Capital Partners to Donate All Board Fees for Remainder of 2020

    Engaged Capital, LLC, an investment firm specializing in enhancing the value of small and mid-cap North American equities, today announced that its partners will forgo all remaining fees to be received from the public companies where they are a member of the Board. Engaged has requested each company pool the capital and provide it directly to employees who are most in need. Engaged’s partners currently hold director positions at The Hain Celestial Group Inc (HAIN), Rent-A-Center, Inc (RCII), SunOpta Inc. (STKL) and TiVo Corporation (TIVO).