Jefferies Financial Group Increases FirstCash (NYSE:FCFS) Price Target to $115.00

FirstCash (NYSE:FCFS) had its price target upped by analysts at Jefferies Financial Group from $107.00 to $115.00 in a research note issued on Friday, The Fly reports. The firm currently has a “buy” rating on the credit services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 17.56% from the company’s current price.

FCFS has been the topic of several other reports. Zacks Investment Research lowered shares of FirstCash from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Barclays reiterated a “buy” rating and issued a $110.00 target price on shares of FirstCash in a report on Thursday, June 6th. Finally, JMP Securities raised their price objective on shares of FirstCash from $95.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $106.00.

Shares of FCFS opened at $97.82 on Friday. FirstCash has a 52 week low of $66.28 and a 52 week high of $100.50.

FirstCash (NYSE:FCFS) last posted its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.08. The business had revenue of $467.60 million during the quarter, compared to analyst estimates of $453.90 million. During the same period last year, the company earned $0.90 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis.

In related news, CFO R Douglas Orr sold 12,500 shares of FirstCash stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $98.16, for a total transaction of $1,227,000.00. Following the completion of the sale, the chief financial officer now owns 142,500 shares of the company’s stock, valued at approximately $13,987,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. GYL Financial Synergies LLC bought a new stake in shares of FirstCash during the 1st quarter valued at $1,175,000. FMR LLC grew its stake in shares of FirstCash by 55.5% during the 1st quarter. FMR LLC now owns 2,719,587 shares of the credit services provider’s stock valued at $235,244,000 after purchasing an additional 970,130 shares during the period. BlueCrest Capital Management Ltd bought a new stake in shares of FirstCash during the 1st quarter valued at about $236,000. HighTower Advisors LLC boosted its stake in FirstCash by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 9,074 shares of the credit services provider’s stock worth $785,000 after purchasing an additional 330 shares during the period. Finally, Man Group plc raised its holdings in shares of FirstCash by 1,435.5% during the 1st quarter. Man Group plc now owns 119,367 shares of the credit services provider’s stock worth $10,326,000 after acquiring an additional 111,593 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Company Profile

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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