Stephens Reiterates Sell Rating for World Acceptance (WRLD)

Stephens restated their sell rating on shares of World Acceptance (NASDAQ:WRLD) in a report issued on Thursday, January 4th. The firm currently has a $65.00 target price on the credit services provider’s stock.

WRLD has been the topic of several other research reports. Zacks Investment Research raised World Acceptance from a strong sell rating to a hold rating in a research report on Thursday, October 5th. Jefferies Group reissued a sell rating and issued a $60.00 price objective on shares of World Acceptance in a research report on Thursday, October 12th. Finally, BidaskClub raised World Acceptance from a sell rating to a hold rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $62.33.

Shares of World Acceptance (WRLD) traded up $2.35 during midday trading on Thursday, hitting $84.46. The stock had a trading volume of 70,978 shares, compared to its average volume of 78,797. World Acceptance has a 12-month low of $42.01 and a 12-month high of $88.54. The stock has a market capitalization of $740.41, a P/E ratio of 11.54 and a beta of 2.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 16.43 and a current ratio of 16.43.

World Acceptance (NASDAQ:WRLD) last announced its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.83). The firm had revenue of $131.00 million during the quarter, compared to the consensus estimate of $130.20 million. World Acceptance had a return on equity of 13.90% and a net margin of 12.02%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. research analysts expect that World Acceptance will post 6.88 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WRLD. Koch Industries Inc. purchased a new position in shares of World Acceptance during the 2nd quarter valued at about $265,000. Dimensional Fund Advisors LP grew its position in shares of World Acceptance by 28.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 521,631 shares of the credit services provider’s stock valued at $39,075,000 after acquiring an additional 116,986 shares during the period. JPMorgan Chase & Co. grew its position in shares of World Acceptance by 335.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,584 shares of the credit services provider’s stock valued at $6,434,000 after acquiring an additional 59,755 shares during the period. Numeric Investors LLC grew its position in shares of World Acceptance by 518.6% during the 2nd quarter. Numeric Investors LLC now owns 53,557 shares of the credit services provider’s stock valued at $4,012,000 after acquiring an additional 44,899 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of World Acceptance by 114.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 64,223 shares of the credit services provider’s stock valued at $4,811,000 after acquiring an additional 34,341 shares during the period. Institutional investors and hedge funds own 91.88% of the company’s stock.

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World Acceptance Company Profile

World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.

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