First Cash, Inc. (FCFS) Short Interest Down 32.1% in November
First Cash, Inc. (NYSE:FCFS) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 950,919 shares, a decrease of 32.1% from the October 31st total of 1,399,993 shares. Based on an average trading volume of 172,878 shares, the short-interest ratio is presently 5.5 days. Currently, 2.0% of the company’s stock are sold short.
Shares of First Cash (NYSE:FCFS) opened at $67.40 on Friday. First Cash has a twelve month low of $39.80 and a twelve month high of $67.50. The company has a market capitalization of $3,149.71, a PE ratio of 25.87 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.57 and a quick ratio of 4.30.
First Cash (NYSE:FCFS) last released its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. First Cash had a return on equity of 8.45% and a net margin of 6.41%. The company had revenue of $435.40 million during the quarter, compared to the consensus estimate of $418.57 million. During the same period last year, the company earned $0.58 EPS. First Cash’s revenue for the quarter was up 66.7% on a year-over-year basis. analysts predict that First Cash will post 2.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 13th were paid a dividend of $0.20 per share. This is an increase from First Cash’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, November 10th. First Cash’s payout ratio is currently 34.19%.
Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of First Cash during the 3rd quarter worth $1,736,000. Grandeur Peak Global Advisors LLC purchased a new position in shares of First Cash in the 3rd quarter worth $54,801,000. Earnest Partners LLC increased its holdings in First Cash by 1.6% in the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after purchasing an additional 22,690 shares in the last quarter. Zions Bancorporation bought a new stake in First Cash during the third quarter worth approximately $230,000. Finally, California Public Employees Retirement System raised its holdings in First Cash by 3.9% during the third quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after purchasing an additional 6,211 shares in the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
Several brokerages recently issued reports on FCFS. Zacks Investment Research lowered shares of First Cash from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub downgraded shares of First Cash from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group initiated coverage on shares of First Cash in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $73.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $65.14.
About First Cash
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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