Eagle Asset Management Inc. lowered its stake in shares of FirstCash Inc (NYSE:FCFS) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 242,831 shares of the credit services provider’s stock after selling 11,096 shares during the quarter. Eagle Asset Management Inc.’s holdings in FirstCash were worth $16,378,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FCFS. LS Investment Advisors LLC bought a new position in shares of FirstCash during the 4th quarter valued at approximately $114,000. Zions Bancorporation bought a new position in shares of FirstCash during the 3rd quarter valued at approximately $230,000. Meeder Asset Management Inc. increased its position in shares of FirstCash by 2,404.3% during the 4th quarter. Meeder Asset Management Inc. now owns 5,785 shares of the credit services provider’s stock valued at $389,000 after purchasing an additional 5,554 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of FirstCash during the 4th quarter valued at approximately $540,000. Finally, Crossmark Global Holdings Inc. increased its position in shares of FirstCash by 22.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,477 shares of the credit services provider’s stock valued at $774,000 after purchasing an additional 2,089 shares during the last quarter. 91.47% of the stock is currently owned by hedge funds and other institutional investors.
Several equities 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. Wedbush set a $75.00 target price on FirstCash and gave the company a “buy” rating in a research report on Monday, January 8th. They noted that the move was a valuation call. ValuEngine downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. FirstCash currently has an average rating of “Buy” and a consensus target price of $71.83.
FirstCash Inc (NYSE:FCFS) opened at $72.15 on Tuesday. The company has a market capitalization of $3,404.52, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.08 and a beta of 0.80. 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 Inc has a 12-month low of $42.70 and a 12-month high of $75.35.
FirstCash (NYSE:FCFS) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The company 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%. FirstCash’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. equities research analysts expect that FirstCash Inc will post 3.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s dividend payout ratio is 29.24%.
In other FirstCash news, insider Thomas Brent Stuart acquired 1,080 shares of the business’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $73.64 per share, with a total value of $79,531.20. Following the transaction, the insider now directly owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.
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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