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RCII

Rent-A-Center

$10.96

0.36 (3.40%)

14:35
01/08/18
01/08
14:35
01/08/18
14:35

Rent A Center put volume heavy and directionally bearish

Bearish flow noted in Rent A Center with 10,395 puts trading, or 3x expected. Most active are Feb-18 11 puts and Feb-18 11 calls, with total volume in those strikes near 9,600 contracts. The Put/Call Ratio is 5.61, while ATM IV is up nearly 5 points on the day.

RCII Rent-A-Center
$10.96

0.36 (3.40%)

11/08/17
LOOP
11/08/17
UPGRADE
Target $42
LOOP
Buy
Aaron's upgraded to Buy from Hold at Loop Capital
Loop Capital analyst Anthony Chukumba upgraded Aaron's (AAN) to Buy with an unchanged price target of $42. Progressive's "strong" growth is likely to continue as the company benefits from Rent-A-Center's (RCII) "ongoing travails," Chukumba tells investors in a research note. The analyst also believes the SEI acquisition will drive improved results in the Aaron's Business division and that the Q3 miss is not as bad as it looks.
11/08/17
LOOP
11/08/17
NO CHANGE
Target $8
LOOP
Sell
Loop Capital still sees no likely strategic buyers for Rent-A-Center
Loop Capital analyst Anthony Chukumba reiterates a Sell rating on Rent-A-Center with an $8 price target after the company declined Vintage Capital's offer to enter into a due diligence exclusivity agreement. The analyst continues to believe there are no likely strategic acquirers for Rent-A-Center and that a going private transaction is an "increasingly remote possibility" given the company's already high leverage and weakening performance. An indication of interest is a "far cry from actually making a definitive offer," Chukumba points out. He believes that absent a sale, the company has little chance of reaching its 2018 and 2019 financial targets.
01/02/18
LOOP
01/02/18
NO CHANGE
Target $8
LOOP
Sell
Rent-A-Center remains overvalued, says Loop Capital
Loop Capital analyst Anthony Chukumba keeps his Sell rating and $8 price target on Rent-A-Center, saying the company remains overvalued based on its historical average levels and average valuation of other "secularly challenged" specialty hardlines retailers. Chukumba also points to recent bearish developments for the stock, including the management's decision to stop providing monthly performance metrics, the new limit on interest expense deductibility in the Tax Cuts and Jobs Act, and the Board's proposal to declassify. The analyst also contends that a near-term sale of the company is unlikely.
01/02/18
LOOP
01/02/18
NO CHANGE
Target $8
LOOP
Sell
Rent-A-Center CEO resignation 'another bad sign,' says Loop Capital
After Rent-A-Center announced that Mark Speese has resigned as CEO, Loop Capital analyst Anthony Chukumba called the news "another bad sign" that likely indicates that Speese was fed up with dealing with an activist investor pushing for a sale, Rent-A-Center continued to underperform in Q4, or both. Chukumba keeps his Sell rating and $8 price target on Rent-A-Center shares.

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NSC

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UAL

United Continental

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ASB

Associated Banc-Corp

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DKL

Delek Logistics

$32.80

0.5 (1.55%)

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NTIP

Network-1 Technologies

$2.60

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$2.60

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SIGM

Sigma Designs

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X

U.S. Steel

$40.06

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UAL

United Continental

$77.97

1.1 (1.43%)

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AUO

AU Optronics

$4.69

0.03 (0.64%)

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AGII

Argo Group

$65.10

0.05 (0.08%)

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MGNX

MacroGenics

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LPL

LG Display

$15.59

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GDS

GDS Holdings

$26.75

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NAVI

Navient

$13.44

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FHN

First Horizon

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FHN

First Horizon

$20.11

0.01 (0.05%)

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SD

SandRidge Energy

$19.29

-0.02 (-0.10%)

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CQP

Cheniere Energy Partners

$31.30

0.41 (1.33%)

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GORO

Gold Resource

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TRMK

Trustmark

$33.53

-0.03 (-0.09%)

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