FirstCash Inc (FCFS) Insider Acquires $79,531.20 in Stock
FirstCash Inc (NYSE:FCFS) insider Thomas Brent Stuart purchased 1,080 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the acquisition, the insider now directly owns 8,283 shares in the company, valued at approximately $609,960.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
FirstCash Inc (FCFS) traded up $0.10 during trading on Wednesday, reaching $73.30. 228,031 shares of the company’s stock traded hands, compared to its average volume of 216,771. The stock has a market cap of $3,460.00 and a PE ratio of 24.27. 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 12 month low of $42.70 and a 12 month high of $75.35.
FirstCash (NYSE:FCFS) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.10. The company had revenue of $480.21 million during the quarter, compared to analysts’ expectations of $467.32 million. FirstCash had a net margin of 8.08% and a return on equity of 8.86%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. research analysts predict that FirstCash Inc will post 3.31 earnings per share for the current year.
Several brokerages recently commented on FCFS. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, February 1st. Wedbush reiterated an “outperform” rating and set a $83.00 price target (up from $75.00) on shares of FirstCash in a report on Monday. ValuEngine downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Jefferies Group reiterated a “buy” rating and set a $73.00 price target on shares of FirstCash in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.83.
Institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC purchased a new stake in FirstCash in the 4th quarter valued at about $114,000. Zions Bancorporation purchased a new stake in FirstCash in the 3rd quarter valued at about $230,000. Meeder Asset Management Inc. boosted its position in FirstCash by 2,404.3% in the 4th quarter. Meeder Asset Management Inc. now owns 5,785 shares of the credit services provider’s stock valued at $389,000 after buying an additional 5,554 shares during the period. Bessemer Group Inc. purchased a new stake in FirstCash in the 4th quarter valued at about $540,000. Finally, Crossmark Global Holdings Inc. boosted its position in FirstCash by 22.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,477 shares of the credit services provider’s stock valued at $774,000 after buying an additional 2,089 shares during the period. 95.46% of the stock is owned by institutional investors.
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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