Heartland Advisors Inc. Purchases Shares of 67,767 FirstCash Inc (FCFS)
Heartland Advisors Inc. purchased a new stake in shares of FirstCash Inc (NASDAQ:FCFS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 67,767 shares of the company’s stock, valued at approximately $3,190,000. Heartland Advisors Inc. owned about 0.20% of FirstCash at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of FirstCash by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,152,407 shares of the company’s stock worth $110,484,000 after buying an additional 27,345 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of FirstCash by 2.3% in the second quarter. BlackRock Fund Advisors now owns 1,829,738 shares of the company’s stock worth $93,920,000 after buying an additional 40,690 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of FirstCash by 2.3% in the second quarter. William Blair Investment Management LLC now owns 1,630,482 shares of the company’s stock worth $83,693,000 after buying an additional 36,457 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of FirstCash by 1.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,419,166 shares of the company’s stock worth $66,814,000 after buying an additional 19,400 shares during the last quarter. Finally, FMR LLC raised its stake in shares of FirstCash by 27.8% in the second quarter. FMR LLC now owns 1,260,937 shares of the company’s stock worth $64,724,000 after buying an additional 274,221 shares during the last quarter.
FirstCash Inc (NASDAQ:FCFS) traded up 1.05% on Tuesday, reaching $47.90. 324,409 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 33.33 and a beta of 0.90. FirstCash Inc has a 1-year low of $29.64 and a 1-year high of $53.95. The stock’s 50 day moving average price is $47.25 and its 200 day moving average price is $48.44.
FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 27th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share. On average, analysts expect that FirstCash Inc will post $2.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were paid a $0.19 dividend. The ex-dividend date was Wednesday, November 9th. This is an increase from FirstCash’s previous quarterly dividend of $0.13. This represents a $0.76 annualized dividend and a dividend yield of 1.59%. FirstCash’s dividend payout ratio is 25.38%.
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A number of brokerages have recently weighed in on FCFS. TheStreet lowered shares of FirstCash from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. JMP Securities reiterated a “buy” rating on shares of FirstCash in a research note on Friday, November 11th. Jefferies Group reiterated a “buy” rating on shares of FirstCash in a research note on Monday, November 14th. JPMorgan Chase & Co. cut their price target on shares of FirstCash from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. Finally, Wedbush began coverage on shares of FirstCash in a research note on Monday, October 10th. They set an “outperform” rating and a $58.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.63.
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.
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