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Rent-A-Center Inc (RCII.OQ)

RCII.OQ on NASDAQ Stock Exchange Global Select Market

11.30USD
22 Nov 2017
Change (% chg)

$0.07 (+0.62%)
Prev Close
$11.23
Open
$11.25
Day's High
$11.53
Day's Low
$11.17
Volume
297,569
Avg. Vol
406,817
52-wk High
$13.89
52-wk Low
$7.76

Latest Key Developments (Source: Significant Developments)

Rent-A-Center says June core U.S. same store sales down 7.7%
Tuesday, 18 Jul 2017 09:00am EDT 

July 18 (Reuters) - Rent-a-center Inc :Rent-A-Center inc - ‍June core U.S. Same store sales down 7.7%, June acceptance now​ same store sales up 8.6 percent.  Full Article

Rent-A-Center says ‍Vintage Capital Management made unsolicited proposal to buy 100 pct of stock of co for $15/shr​
Tuesday, 11 Jul 2017 07:29am EDT 

July 11 (Reuters) - Rent-A-Center Inc ::Rent-A-Center - ‍Vintage Capital Management made unsolicited proposal to buy 100 pct of stock of co in a go-private transaction for $15.00 per share​.Rent-A-Center says ‍on July 5, following review by board, with assistance of its financial and legal advisors, company formally rejected Vintage's proposal​.Says ‍"board determined that Vintage's proposal significantly undervalues company​" - sec filing.Rent-A-Center - board determined​ ‍strategic plan being implemented positions co to deliver "greater value to its stockholders" than Vintage's proposal.  Full Article

Engaged Capital reports 16.9 pct stake in Rent-A-Center as of June 19
Monday, 19 Jun 2017 08:38am EDT 

June 19 (Reuters) - Rent-a-center Inc :Engaged capital - on june 19, delivered letter to rent-a-center’s remaining incumbent directors, michael gade, rishi garg, lentell and steven pepper.Engaged capital reports 16.9 percent stake in rent-a-center inc as of june 19 - sec filing.  Full Article

Rent-A-Center May core U.S. delinquencies 6.5% and flat versus prior month
Thursday, 15 Jun 2017 09:00am EDT 

June 15 (Reuters) - Rent-a-center Inc :Rent-A-Center, inc. Reports may key operating metrics.Rent-A-Center inc says may core u.s. Delinquencies 6.5% and flat versus prior month.Rent-A-Center inc says in core u.s. Segment, may same store sales improved sequentially.Rent-A-Center inc says in acceptance now, may same store sales remained higher than last year by mid-single digits.  Full Article

Rent-A-Center reports amended credit facility
Tuesday, 6 Jun 2017 04:13pm EDT 

June 6 (Reuters) - Rent-A-Center Inc ::Rent-A-Center, Inc. announces amended credit facility.Rent-A-Center - amended credit facility extends through march 2019.Rent-A-Center - company expects to fund business through cash provided by operations for remainder of 2017.Rent-A-Center - ‍amended credit facility will replace existing maintenance covenants with a single fixed charge coverage test​.  Full Article

Rent-A-Center ‍recommends stockholders vote for co's three nominees​
Thursday, 1 Jun 2017 01:15pm EDT 

June 1 (Reuters) - Rent-A-center Inc ::Rent-A-Center comments on Glass Lewis report.Recommends stockholders vote for company's three nominees​.Believes Glass Lewis reached "wrong" conclusion in failing to recommend co's stockholders vote for all of co's director nominees​.  Full Article

Rent-A-Center's April core U.S. same-store sales down 13 pct
Monday, 15 May 2017 09:01am EDT 

May 15 (Reuters) - Rent-a-center Inc :Rent-A-Center Inc- April core U.S. same store sales down 13.0%; April acceptance now same store sales up 5.5%.  Full Article

Rent-A-Center Q1 GAAP shr loss $0.13
Monday, 1 May 2017 07:05pm EDT 

May 2 (Reuters) - Rent-a-center Inc :Rent-A-Center, inc. Reports first quarter 2017 results.Q1 GAAP loss per share $0.13.Q1 revenue $742 million versus i/b/e/s view $742.6 million.Q1 same store sales rose 1.5 percent.Q1 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.Q1 earnings per share $0.04 excluding items.Qtrly diluted earnings per share excluding special items improved by $0.27 sequentially.is not providing annual guidance as it relates to revenue or diluted earnings per share for 2017.has identified and began to execute on a new assortment strategy aimed at shifting towards more higher-end aspirational products.core U.S. Q1 revenues of $490.9 million decreased 16.0 percent.  Full Article

Engaged Capital says initiates litigation to restore record date for annual meeting previously announced by Rent-A-Center
Tuesday, 25 Apr 2017 09:05am EDT 

April 25 (Reuters) - Engaged Capital LLC: :Engaged Capital LLC says initiates litigation in Delaware to restore record date for annual meeting previously announced by Rent-A-Center.Engaged Capital LLC says it has no intention to mount takeover bid for Rent-A-Center Inc.  Full Article

Engaged Capital reports 16.9 pct stake in Rent-A-Center
Thursday, 20 Apr 2017 01:22pm EDT 

April 20 (Reuters) - Rent-a-center Inc :Engaged capital flagship master fund, lp - on april 20, withdrew nomination of carol mcfate for election as director at annual meeting - sec filing.Engaged capital flagship master-to file definitive proxy statement with sec to elect nominees, jeffrey brown, mitchell fadel and christopher hetrick, to rent-a-center board.Engaged capital llc - reports 16.9 percent stake in rent-a-center inc as of april 20.  Full Article

Vintage Capital makes new, lower bid for Rent-A-Center

Vintage Capital on Friday offered to buy Rent-A-Center Inc for about $693 million, a week after the furniture retailer decided to explore strategic options under pressure from two activist investors.