FirstCash Inc (NYSE:FCFS) shares reached a new 52-week high during trading on Thursday . The company traded as high as $75.40 and last traded at $75.25, with a volume of 159446 shares. The stock had previously closed at $73.95.
A number of research analysts have commented on FCFS shares. BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Zacks Investment Research downgraded FirstCash from a “buy” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine downgraded FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $83.00 target price (up previously from $75.00) on shares of FirstCash in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $71.83.
The stock has a market cap of $3,580.00 and a price-to-earnings ratio of 31.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.99 and a quick ratio of 4.69.
FirstCash (NYSE:FCFS) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.10. The business had revenue of $480.21 million for 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 business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. equities analysts forecast that FirstCash Inc will post 3.31 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.22 dividend. This is an increase from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.16%. FirstCash’s dividend payout ratio (DPR) is 36.07%.
In related news, insider Thomas Brent Stuart purchased 1,080 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average price of $73.64 per share, with a total value of $79,531.20. Following the acquisition, the insider now owns 8,283 shares in the company, valued at approximately $609,960.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO R Douglas Orr sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 172,000 shares in the company, valued at $12,629,960. The disclosure for this sale can be found here. Company insiders own 2.75% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC acquired a new stake in FirstCash in the 4th quarter valued at approximately $114,000. Zions Bancorporation acquired a new stake in FirstCash in the 3rd quarter valued at approximately $230,000. USA Financial Portformulas Corp acquired a new stake in FirstCash in the 4th quarter valued at approximately $302,000. Jefferies Group LLC acquired a new stake in FirstCash in the 4th quarter valued at approximately $318,000. Finally, Sawgrass Asset Management LLC acquired a new stake in FirstCash in the 4th quarter valued at approximately $349,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.
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FirstCash Company Profile
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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