FirstCash Inc (FCFS) Receives Consensus Recommendation of “Buy” from Analysts
FirstCash Inc (NASDAQ:FCFS) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.83.
A number of equities research analysts have weighed in on FCFS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of FirstCash in a research note on Friday, April 7th. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Wedbush boosted their price objective on FirstCash from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. Finally, TheStreet upgraded FirstCash from a “c+” rating to a “b” rating in a research note on Monday, April 17th.
In related news, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $52.50, for a total transaction of $262,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 15,000 shares of company stock worth $800,000 in the last ninety days.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. acquired a new position in shares of FirstCash during the first quarter worth $215,000. Teachers Advisors LLC raised its stake in FirstCash by 25.5% in the fourth quarter. Teachers Advisors LLC now owns 102,818 shares of the credit services provider’s stock valued at $4,832,000 after buying an additional 20,898 shares during the period. Norges Bank purchased a new stake in FirstCash during the fourth quarter valued at $24,894,000. AQR Capital Management LLC raised its stake in FirstCash by 32.8% in the fourth quarter. AQR Capital Management LLC now owns 55,075 shares of the credit services provider’s stock valued at $2,589,000 after buying an additional 13,607 shares during the period. Finally, GSA Capital Partners LLP raised its stake in FirstCash by 102.8% in the fourth quarter. GSA Capital Partners LLP now owns 48,801 shares of the credit services provider’s stock valued at $2,294,000 after buying an additional 24,732 shares during the period.
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FirstCash (FCFS) traded up 0.314% during mid-day trading on Monday, hitting $55.825. 28,177 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $53.83 and its 200-day moving average price is $47.82. The stock has a market cap of $2.70 billion, a PE ratio of 28.166 and a beta of 0.90. FirstCash has a one year low of $39.80 and a one year high of $56.80.
FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, April 27th. The credit services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The firm had revenue of $447.60 million during the quarter, compared to analysts’ expectations of $435.14 million. FirstCash had a return on equity of 8.92% and a net margin of 7.29%. The firm’s revenue was up 144.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. On average, analysts forecast that FirstCash will post $2.58 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, May 11th. FirstCash’s dividend payout ratio is presently 25.38%.
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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