Earnest Partners LLC trimmed its position in shares of FirstCash Inc (NYSE:FCFS) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,382,044 shares of the credit services provider’s stock after selling 92,071 shares during the quarter. Earnest Partners LLC owned 2.93% of FirstCash worth $93,219,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. LS Investment Advisors LLC bought a new stake in shares of FirstCash during the fourth quarter worth $114,000. Zions Bancorporation bought a new stake in shares of FirstCash during the third quarter worth $230,000. USA Financial Portformulas Corp bought a new stake in shares of FirstCash during the fourth quarter worth $302,000. Jefferies Group LLC bought a new stake in shares of FirstCash during the fourth quarter worth $318,000. Finally, Sawgrass Asset Management LLC bought a new stake in shares of FirstCash during the fourth quarter worth $349,000. 96.24% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine upgraded FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Wedbush set a $75.00 target price on FirstCash and gave the stock a “buy” rating in a research report on Monday, January 8th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $71.83.
FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.10. The firm had revenue of $480.21 million during the quarter, compared to the consensus estimate of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. research analysts anticipate that FirstCash Inc will post 3.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a $0.22 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Tuesday, February 13th. FirstCash’s payout ratio is presently 29.24%.
In other FirstCash news, CFO R Douglas Orr sold 5,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the transaction, the chief financial officer now directly owns 172,000 shares in the company, valued at $12,629,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Brent Stuart bought 1,080 shares of FirstCash stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the acquisition, the insider now directly owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The disclosure for this purchase can be found here. Insiders own 2.75% of the company’s stock.
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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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