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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.

TODAY'S FREE FLY STORIES

SNPS

Synopsys

$90.29

1.05 (1.18%)

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AMZN

Amazon.com

$1,601.77

19.67 (1.24%)

21:04
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Amazon Web Services to invest in Chile as part of LatAm expansion, Reuters says »

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SRRK

Scholar Rock

$0.00

(0.00%)

21:01
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Scholar Rock 5.36M share IPO priced at $14.00 »

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KNSA

Kiniksa

$0.00

(0.00%)

21:00
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Kiniksa 8.5M share IPO priced at $18.00 »

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GSKY

GreenSky

$0.00

(0.00%)

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GreenSky 38M share IPO priced at $23.00 »

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  • 24

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SAIL

SailPoint

$23.30

1.29 (5.86%)

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SailPoint 17.808M share Secondary priced at $22.50 »

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CLPS

CLPS

$0.00

(0.00%)

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  • 24

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MDT

Medtronic

$85.29

0.305 (0.36%)

, MCK

McKesson

$146.84

0.39 (0.27%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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MDT

Medtronic

$85.29

0.305 (0.36%)

MCK

McKesson

$146.84

0.39 (0.27%)

BBY

Best Buy

$75.73

0.255 (0.34%)

HRL

Hormel Foods

$35.82

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TTC

Toro Company

$60.32

-0.08 (-0.13%)

SAFM

Sanderson Farms

$107.13

1.19 (1.12%)

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BPOP

Popular

$46.94

-0.31 (-0.66%)

20:07
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Popular announces early termination of FDIC shared-loss agreements »

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

20:04
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Recommendations
Williams-Sonoma analyst commentary  »

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  • 23

    May

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

, SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

19:59
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Periodicals
Breaking Periodicals news story on iShares MSCI South Korea Index Fund, SPDR S&P 500 ETF Trust, S&P 500 »

N Korea foreign ministry…

EWY

iShares MSCI South Korea Index Fund

$74.45

0.73 (0.99%)

SPY

SPDR S&P 500 ETF Trust

$273.37

0.8 (0.29%)

SPX

S&P 500

$0.00

(0.00%)

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CVX

Chevron

$128.70

0.465 (0.36%)

19:39
05/23/18
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Canadian court affirms dismissal of suit against Chevron subsidiary »

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EA

Electronic Arts

$133.49

1.31 (0.99%)

19:19
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Hot Stocks
Electronic Arts CTO sells 10,000 common shares »

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CCL

Carnival

$64.67

-0.39 (-0.60%)

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Carnival CEO expects China to become the largest cruise market, CNBC says »

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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Petrobras slashes diesel price 10% to resolve trucker protest, Reuters says »

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SRPT

Sarepta

$88.94

-0.24 (-0.27%)

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  • 20

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BZLFF

Bunzl

$0.00

(0.00%)

19:03
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Downgrade
Bunzl rating change at Goldman Sachs »

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WUBA

58.com

$84.56

1.39 (1.67%)

19:02
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Breaking Earnings news story on 58.com »

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  • 24

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WUBA

58.com

$84.56

1.39 (1.67%)

19:01
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Earnings
58.com reports Q1 adjusted earnings per ADS 33c, consensus 21c »

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  • 24

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WSM

Williams-Sonoma

$49.21

1.91 (4.04%)

, LASR

nLight

$30.00

-1.79 (-5.63%)

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On The Fly: After Hours Movers »

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WSM

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$49.21

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LASR

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SNPS

Synopsys

$90.29

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LB

L Brands

$34.05

0.06 (0.18%)

NTAP

NetApp

$66.61

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DGLY

Digital Ally

$2.55

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FCAU

Fiat Chrysler

$22.47

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TM

Toyota

$134.85

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CPRT

Copart

$52.93

-0.06 (-0.11%)

18:54
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Earnings
Copart reports Q3 adjusted EPS 52c, consensus 50c »

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  • 24

    May

AAPL

Apple

$188.36

1.08 (0.58%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:45
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Apple signs pact with VW over self-driving cars, NY Times says »

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$188.36

1.08 (0.58%)

VLKAY

Volkswagen

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BMWYY

BMW

$0.00

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DDAIF

Daimler AG

$0.00

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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Periodicals
Breaking Periodicals news story on Petrobras »

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NFLX

Netflix

$344.70

13.08 (3.94%)

, CMCSA

Comcast

$31.87

-0.64 (-1.97%)

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Netflix market value now higher than Comcast, Recode says »

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NFLX

Netflix

$344.70

13.08 (3.94%)

CMCSA

Comcast

$31.87

-0.64 (-1.97%)

CMCSK

Comcast

$0.00

(0.00%)

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CE

Celanese

$113.87

-0.05 (-0.04%)

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Celanese to increase selling prices on acetyl intermediate products »

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