Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of FirstCash Inc (NYSE:FCFS) by 55.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,234 shares of the credit services provider’s stock after purchasing an additional 4,721 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FirstCash were worth $893,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation bought a new position in shares of FirstCash in the third quarter worth $230,000. Bessemer Group Inc. bought a new position in FirstCash in the fourth quarter valued at about $540,000. Insight Capital Research & Management Inc. bought a new position in FirstCash in the third quarter valued at about $913,000. Strs Ohio grew its position in FirstCash by 330.2% in the fourth quarter. Strs Ohio now owns 18,500 shares of the credit services provider’s stock valued at $1,247,000 after acquiring an additional 14,200 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in FirstCash in the fourth quarter valued at about $1,271,000. 91.47% of the stock is owned by institutional investors.
In related news, insider Thomas Brent Stuart acquired 1,080 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average price of $73.64 per share, with a total value of $79,531.20. Following the acquisition, the insider now owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 5,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the sale, 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. 2.75% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on FCFS shares. Zacks Investment Research cut FirstCash from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub upgraded FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. ValuEngine lowered FirstCash from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Wedbush set a $75.00 price objective on FirstCash and gave the stock a “buy” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $71.83.
Shares of FirstCash Inc (FCFS) traded up $0.60 during trading on Thursday, reaching $74.55. The company had a trading volume of 37,106 shares, compared to its average volume of 242,175. FirstCash Inc has a 1-year low of $43.00 and a 1-year high of $75.35. The company has a market capitalization of $3,386.86, a P/E ratio of 26.45, a P/E/G ratio of 1.09 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 (NYSE:FCFS) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.10. The firm had revenue of $480.21 million during 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%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. sell-side analysts anticipate that FirstCash Inc will post 3.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 13th. This is a boost from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s dividend payout ratio is currently 29.24%.
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FirstCash Company Profile
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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