FirstCash Inc (NASDAQ:FCFS)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a research report issued on Monday.

The analysts wrote, “Analysts Offer Insights on Financial Companies: First Cash (NASDAQ: FCFS), Zions Bancorp (NASDAQ: ZION) and KKR & Co (NYSE: KKR) | Analyst Ratings

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Home » Analysts Offer Insights on Financial Companies: First Cash (NASDAQ: FCFS), Zions Bancorp (NASDAQ: ZION) and KKR & Co (NYSE: KKR)”

A number of other research firms have also issued reports on FCFS. Zacks Investment Research upgraded FirstCash from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. TheStreet upgraded FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. dropped their price target on FirstCash from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, September 8th. Wedbush began coverage on FirstCash in a research report on Monday, October 10th. They issued an “outperform” rating and a $58.00 price target for the company. Finally, JMP Securities restated a “buy” rating on shares of FirstCash in a research report on Friday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $53.63.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

Shares of FirstCash (NASDAQ:FCFS) opened at 48.85 on Monday. FirstCash has a 12 month low of $29.64 and a 12 month high of $53.95. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 33.99 and a beta of 0.90. The firm’s 50-day moving average price is $47.19 and its 200-day moving average price is $48.38.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The company earned $261.15 million during the quarter, compared to analysts’ expectations of $280.38 million. FirstCash’s revenue for the quarter was up 54.1% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. Equities research analysts expect that FirstCash will post $2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a $0.19 dividend. This is a boost from FirstCash’s previous quarterly dividend of $0.13. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, November 9th. FirstCash’s dividend payout ratio (DPR) is presently 25.38%.

Several hedge funds have recently made changes to their positions in FCFS. BlackRock Fund Advisors boosted its stake in shares of FirstCash by 83.4% in the third quarter. BlackRock Fund Advisors now owns 3,354,858 shares of the company’s stock valued at $157,947,000 after buying an additional 1,525,120 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of FirstCash by 158.9% in the third quarter. JPMorgan Chase & Co. now owns 1,550,538 shares of the company’s stock valued at $73,000,000 after buying an additional 951,670 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of FirstCash by 79.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,285,473 shares of the company’s stock valued at $60,520,000 after buying an additional 568,312 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of FirstCash by 1,231.7% in the third quarter. New York State Common Retirement Fund now owns 386,193 shares of the company’s stock valued at $18,182,000 after buying an additional 357,193 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of FirstCash by 89.0% in the third quarter. Northern Trust Corp now owns 749,109 shares of the company’s stock valued at $35,268,000 after buying an additional 352,758 shares during the last quarter.

About FirstCash

FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.

5 Day Chart for NASDAQ:FCFS

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