Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in FirstCash Inc (NYSE:FCFS) by 55.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,234 shares of the credit services provider’s stock after buying an additional 4,721 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstCash were worth $893,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in FCFS. Bessemer Group Inc. purchased a new stake in FirstCash during the fourth quarter valued at $540,000. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in FirstCash during the fourth quarter valued at $1,271,000. APG Asset Management N.V. raised its stake in FirstCash by 320.6% during the fourth quarter. APG Asset Management N.V. now owns 124,500 shares of the credit services provider’s stock valued at $6,993,000 after purchasing an additional 94,900 shares in the last quarter. Boston Advisors LLC raised its stake in FirstCash by 18.2% during the fourth quarter. Boston Advisors LLC now owns 197,035 shares of the credit services provider’s stock valued at $13,290,000 after purchasing an additional 30,308 shares in the last quarter. Finally, Strs Ohio raised its stake in FirstCash by 330.2% during the fourth quarter. Strs Ohio now owns 18,500 shares of the credit services provider’s stock valued at $1,247,000 after purchasing an additional 14,200 shares in the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
FirstCash Inc (FCFS) opened at $72.30 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. FirstCash Inc has a 1 year low of $42.70 and a 1 year high of $75.35. The firm has a market cap of $3,454.06, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80.
FirstCash (NYSE:FCFS) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.10. FirstCash had a net margin of 8.08% and a return on equity of 8.86%. The business had revenue of $480.21 million for the quarter, compared to analysts’ expectations of $467.32 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. equities research analysts expect that FirstCash Inc will post 3.31 EPS for the current fiscal year.
The company 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 dividend of $0.22 per share. This is a boost from FirstCash’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, February 13th. This represents a $0.88 dividend on an annualized basis and a yield of 1.22%. FirstCash’s payout ratio is 26.58%.
In other news, insider Thomas Brent Stuart acquired 1,080 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the transaction, the insider now directly owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 5,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $73.43, for a total transaction of $367,150.00. Following the transaction, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. Insiders own 2.75% of the company’s stock.
A number of research firms recently issued reports on FCFS. Wedbush reaffirmed an “outperform” rating and set a $83.00 price target (up previously from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Zacks Investment Research raised shares of FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, February 1st. ValuEngine downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised shares of FirstCash from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $71.83.
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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