FirstCash Inc (FCFS) PT Lowered to $55.00
FirstCash Inc (NASDAQ:FCFS) had its price target dropped by research analysts at Wedbush from $58.00 to $55.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 14.82% from the company’s current price.
Other research analysts also recently issued reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $60.00 target price on shares of FirstCash in a research note on Friday, September 2nd. Janney Montgomery Scott raised FirstCash from a “neutral” rating to a “buy” rating and upped their target price for the stock from $52.00 to $59.00 in a research note on Monday, October 3rd. JMP Securities reaffirmed a “buy” rating on shares of FirstCash in a research note on Friday, November 11th. TheStreet downgraded FirstCash from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Finally, JPMorgan Chase & Co. reduced their price objective on FirstCash from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, September 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.25.
Shares of FirstCash (NASDAQ:FCFS) opened at 47.90 on Wednesday. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 33.33 and a beta of 0.90. FirstCash has a 52 week low of $29.64 and a 52 week high of $53.95. The stock’s 50 day moving average is $47.25 and its 200-day moving average 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, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The business had revenue of $261.15 million for the quarter, compared to analyst estimates of $280.38 million. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 earnings per share. On average, analysts anticipate that FirstCash will post $2.41 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This is an increase from FirstCash’s previous quarterly dividend of $0.13. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.59%. FirstCash’s dividend payout ratio (DPR) is 25.38%.
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Several hedge funds have recently modified their holdings of FCFS. BlackRock Inc. increased its stake in shares of FirstCash by 12.6% in the second quarter. BlackRock Inc. now owns 2,281 shares of the company’s stock worth $117,000 after buying an additional 255 shares during the period. Quantbot Technologies LP boosted its position in FirstCash by 77.0% in the third quarter. Quantbot Technologies LP now owns 3,053 shares of the company’s stock worth $143,000 after buying an additional 1,328 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in FirstCash during the third quarter worth $161,000. PNC Financial Services Group Inc. boosted its position in FirstCash by 34.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,891 shares of the company’s stock worth $183,000 after buying an additional 991 shares in the last quarter. Finally, PineBridge Investments L.P. boosted its position in FirstCash by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,582 shares of the company’s stock worth $184,000 after buying an additional 130 shares in the last quarter.
FirstCash Company Profile
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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