FirstCash Inc (NASDAQ:FCFS) CFO R Douglas Orr sold 2,500 shares of FirstCash stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $50.00, for a total transaction of $125,000.00. Following the completion of the sale, the chief financial officer now directly owns 192,000 shares in the company, valued at approximately $9,600,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of FirstCash Inc (NASDAQ:FCFS) traded down 0.10% during midday trading on Friday, reaching $50.10. 207,146 shares of the company’s stock traded hands. The stock’s 50 day moving average is $46.35 and its 200-day moving average is $46.03. The company has a market capitalization of $2.42 billion, a PE ratio of 29.16 and a beta of 0.90. FirstCash Inc has a 52 week low of $39.80 and a 52 week high of $53.29.
FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, February 2nd. The credit services provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The business earned $462.04 million during the quarter, compared to analyst estimates of $451.64 million. During the same period in the previous year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 141.4% on a year-over-year basis. On average, analysts forecast that FirstCash Inc will post $2.53 earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Capital Fund Management S.A. acquired a new stake in shares of FirstCash during the third quarter worth about $1,530,000. Capital One National Association acquired a new stake in shares of FirstCash during the third quarter worth about $696,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of FirstCash during the third quarter worth about $1,709,000. Rockefeller Financial Services Inc. raised its stake in shares of FirstCash by 2.4% in the third quarter. Rockefeller Financial Services Inc. now owns 302,077 shares of the credit services provider’s stock worth $14,222,000 after buying an additional 7,087 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new stake in shares of FirstCash during the third quarter worth about $2,379,000.
FCFS has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of FirstCash from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. Stephens initiated coverage on shares of FirstCash in a research note on Thursday, January 12th. They issued an “equal weight” rating and a $44.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of FirstCash in a research note on Friday, April 7th. Wedbush lifted their price target on shares of FirstCash from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. Finally, TheStreet raised shares of FirstCash from a “c+” rating to a “b” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.43.
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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