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RCII

Rent-A-Center

$12.50

0.05 (0.40%)

09:02
07/18/17
07/18
09:02
07/18/17
09:02

Rent-A-Center reports June core U.S. SSS down 7.7%

Reports June Core U.S. Same Store Sales: (7.7%); Delinquencies: 7.1%, 60 basis points unfavorable versus prior month; Average Monthly Rate of New Agreements: 5.7% favorable versus prior year; Co-worker Turnover: 86.1% and 19.5 percentage points favorable versus prior year. Reports June Acceptance NOW Same Store Sales: 8.6%; Delinquencies: 8.1%, 90 basis points unfavorable versus prior month. In the Core U.S. segment, June same store sales improved sequentially as the initiatives put in place continue to make a positive impact on the size and quality of the rental portfolio. Delinquencies, which were favorable by 410 basis points versus prior year, were higher sequentially primarily due to seasonality. In addition, while there were some calendar differences on a monthly basis throughout the quarter versus prior year, second quarter 2017 same stores sales were approximately 350 basis points ahead of the low point in fourth quarter 2016. In Acceptance NOW, same store sales remain higher than last year due to a larger portfolio in those respective locations. The growth of the portfolio is being aided by a younger, still maturing store base and stronger average ticket driven by actions taken to optimize the value proposition.

  • 27

    Jul

RCII Rent-A-Center
$12.50

0.05 (0.40%)

07/11/17
LOOP
07/11/17
NO CHANGE
Target $8
LOOP
Sell
Loop Capital keeps Sell rating on Rent-A-Center despite PE buyout bid
After Rent-A-Center disclosed that it rejected an unsolicited $15.00 per share takeover offer from private equity firm Vintage Capital Management, Loop Capital analyst Anthony Chukumba said he is maintaining his Sell rating on the stock, as he questions how Vintage would be able to finance such a going private deal. He also thinks Rent-A-Center's rejection demonstrates how opposed it is to selling. Chukumba keeps an $8 price target on Rent-A-Center shares.
06/07/17
06/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PepsiCo (PEP) and Coca-Cola (KO) were downgraded to Market Perform from Outperform at BMO Capital. 2. Rent-A-Center (RCII) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business. 3. HD Supply (HDS) was downgraded to Neutral from Outperform at Baird and to Hold from Buy at Drexel Hamilton. 4. IMAX (IMAX) downgraded to Hold from Buy at Benchmark with analyst Mike Hickey saying he fears movie goers' enthusiasm for recliner installations has shifted share away from IMAX and he now worries that recent per screen average deterioration could "prove less than transitory." 5. Danaher (DHR) downgraded to Neutral from Buy at Janney Capital with analyst Paul Knight saying he sees the company having more work to do optimizing its portfolio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/07/17
LOOP
06/07/17
DOWNGRADE
Target $8
LOOP
Sell
Rent-A-Center downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Anthony Chukumba downgraded Rent-A-Center to Sell with an unchanged price target of $8. The secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business, the analyst tells investors in a research note. The analyst believes Rent-A-Center is "highly unlikely" to achieve management's 2018 and 2019 financial targets.
06/05/17
KEYB
06/05/17
NO CHANGE
KEYB
Rent-A-Center could be sold, says KeyBanc
KeyBanc analyst Bradley Thomas believes it is "increasingly likely" that Engaged Capital will obtain seats on Rent-A-Center's board on June 8. He thinks that the board will probably look into selling the company and he believes that the company could ultimately be sold. The analyst says that the election of Engaged Capital's representatives to the board would be a positive catalyst for Rent-A-Center's stock, and he thinks that a "near-term opportunity" has been created ahead of the June 8 annual meeting.

TODAY'S FREE FLY STORIES

EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:36
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  • 30

    Oct

IVPAF

Ivanhoe Mines

$3.89

0.1263 (3.36%)

12:33
07/26/17
07/26
12:33
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12:33
Conference/Events
Ivanhoe Mines management to meet with RBC Capital »

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  • 27

    Jul

WYNN

Wynn Resorts

$138.98

0.45 (0.32%)

12:30
07/26/17
07/26
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Options
Wynn Resorts calls active as shares fall on earnings »

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EGRX

Eagle Pharmaceuticals

$70.04

-2.76 (-3.79%)

12:29
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Breaking Hot Stocks news story on Eagle Pharmaceuticals »

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  • 30

    Oct

FLY

Fly Leasing

$13.94

-0.04 (-0.29%)

12:27
07/26/17
07/26
12:27
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12:27
Conference/Events
Fly Leasing management to meet with RBC Capital »

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  • 27

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    Aug

SIRI

SiriusXM

$5.39

0.01 (0.19%)

12:25
07/26/17
07/26
12:25
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12:25
Options
Sirius XM call volume above normal and directionally bullish »

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  • 27

    Jul

  • 05

    Sep

AKAM

Akamai

$53.28

0.91 (1.74%)

12:24
07/26/17
07/26
12:24
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12:24
Conference/Events
Akamai management to meet with RBC Capital »

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  • 26

    Jul

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  • 08

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  • 05

    Sep

MPC

Marathon Petroleum

$56.44

0.42 (0.75%)

12:20
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Hot Stocks
Marathon Petroleum raises quarterly dividend 11% to 40c per share »

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  • 26

    Jul

$NSD

NASDAQ Market Internals

12:17
07/26/17
07/26
12:17
07/26/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

12:16
07/26/17
07/26
12:16
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12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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TSCO

Tractor Supply

$53.53

2.01 (3.90%)

12:15
07/26/17
07/26
12:15
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12:15
Options
Tractor Supply put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 26

    Jul

BA

Boeing

$230.75

18.29 (8.61%)

, KO

Coca-Cola

$45.36

0.1151 (0.25%)

12:03
07/26/17
07/26
12:03
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12:03
General news
On The Fly: Top stock stories at midday »

Stocks opened in positive…

BA

Boeing

$230.75

18.29 (8.61%)

KO

Coca-Cola

$45.36

0.1151 (0.25%)

T

AT&T

$37.84

1.62 (4.47%)

AMD

AMD

$14.11

-0.05 (-0.35%)

TXN

Texas Instruments

$81.39

0.47 (0.58%)

GLW

Corning

$30.29

-1.84 (-5.73%)

GD

General Dynamics

$194.50

-9.06 (-4.45%)

AMGN

Amgen

$180.89

-0.17 (-0.09%)

IRBT

iRobot

$87.90

-2.48 (-2.74%)

AMED

Amedisys

$59.41

0.61 (1.04%)

AFAM

Almost Family

$56.70

-0.15 (-0.26%)

HLS

HealthSouth

$43.48

-2.24 (-4.90%)

KND

Kindred Healthcare

$9.70

-1.5 (-13.39%)

03/08/13
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03/06/13
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  • 26

    Jul

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  • 26

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  • 26

    Jul

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  • 30

    Jul

  • 01

    Aug

  • 04

    Aug

  • 07

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  • 08

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  • 15

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  • 03

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  • 17

    May

GSM

Ferroglobe

$12.90

0.32 (2.54%)

12:02
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Ferroglobe has not received regulatory approvals from Spain's water authority »

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  • 07

    Aug

MNGA

Magnegas

$0.75

-0.1699 (-18.47%)

12:01
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JBLU

JetBlue

$22.77

0.01 (0.04%)

12:00
07/26/17
07/26
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Options
Post-earnings option play opened in JetBlue »

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  • 10

    Aug

BA

Boeing

$229.65

17.1924 (8.09%)

11:54
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  • 26

    Jul

  • 07

    Aug

WY

Weyerhaeuser

$34.11

-0.014 (-0.04%)

11:50
07/26/17
07/26
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11:50
Options
Call buyer in Weyerhaeuser ahead of earnings »

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  • 28

    Jul

LVMUY

LVMH

$51.12

-0.02 (-0.04%)

11:49
07/26/17
07/26
11:49
07/26/17
11:49
Earnings
LVMH reports first half revenue up 15% to EUR 19.7B »

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BA

Boeing

$229.61

17.15 (8.07%)

11:47
07/26/17
07/26
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11:47
Hot Stocks
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  • 26

    Jul

  • 07

    Aug

FB

Facebook

$165.28

-0.72 (-0.43%)

11:45
07/26/17
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Technical Earnings Preview: Facebook in strong uptrend before news »

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  • 26

    Jul

  • 13

    Sep

CF

CF Industries

$29.01

-1.16 (-3.84%)

11:45
07/26/17
07/26
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Options
CF Industries call volume above normal and directionally bullish »

Bullish option flow…

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  • 03

    Aug

11:45
07/26/17
07/26
11:45
07/26/17
11:45
General news
Treasury's $15 B 2-year FRN garnered decent results »

Treasury's $15 B…

BA

Boeing

$229.09

16.63 (7.83%)

11:43
07/26/17
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Hot Stocks
Boeing plans to ramp up production and delivery of new 777X »

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  • 26

    Jul

  • 07

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BA

Boeing

$229.30

16.8 (7.91%)

11:41
07/26/17
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11:41
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Hot Stocks
Boeing says has 111 orders in backlog for the current-generation 777 »

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  • 26

    Jul

  • 07

    Aug

GUID

Guidance Software

$6.90

0.04 (0.58%)

, OTEX

OpenText

$33.34

0.18 (0.54%)

11:40
07/26/17
07/26
11:40
07/26/17
11:40
Downgrade
Guidance Software, OpenText rating change  »

Guidance Software…

GUID

Guidance Software

$6.90

0.04 (0.58%)

OTEX

OpenText

$33.34

0.18 (0.54%)

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  • 03

    Aug

  • 08

    Aug

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