FirstCash (NYSE:FCFS) Earns “Buy” Rating from Barclays

FirstCash (NYSE:FCFS)‘s stock had its “buy” rating reissued by equities researchers at Barclays in a research report issued on Thursday, June 6th, AnalystRatings.com reports. They currently have a $110.00 price objective on the credit services provider’s stock. Barclays‘s price objective points to a potential upside of 8.79% from the stock’s current price.

FCFS has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of FirstCash from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. JMP Securities increased their price target on shares of FirstCash from $95.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $106.00.

Shares of FCFS stock traded up $1.09 during trading hours on Thursday, hitting $101.11. The company’s stock had a trading volume of 156,600 shares, compared to its average volume of 210,472. The stock has a fifty day moving average of $96.66. FirstCash has a twelve month low of $66.28 and a twelve month high of $101.83.

FirstCash (NYSE:FCFS) last announced its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $467.60 million for the quarter, compared to analysts’ expectations of $453.90 million. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS.

In other news, CFO R Douglas Orr sold 12,500 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $98.16, for a total value of $1,227,000.00. Following the completion of the sale, the chief financial officer now owns 142,500 shares of the company’s stock, valued at $13,987,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.83% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FCFS. BlackRock Inc. grew its holdings in FirstCash by 0.8% during the 1st quarter. BlackRock Inc. now owns 6,373,947 shares of the credit services provider’s stock valued at $551,346,000 after purchasing an additional 53,127 shares in the last quarter. Vanguard Group Inc grew its holdings in FirstCash by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 4,466,507 shares of the credit services provider’s stock valued at $366,254,000 after purchasing an additional 49,593 shares in the last quarter. FMR LLC grew its holdings in FirstCash by 55.5% during the 1st quarter. FMR LLC now owns 2,719,587 shares of the credit services provider’s stock valued at $235,244,000 after purchasing an additional 970,130 shares in the last quarter. APG Asset Management N.V. grew its holdings in FirstCash by 2.2% during the 4th quarter. APG Asset Management N.V. now owns 839,300 shares of the credit services provider’s stock valued at $53,119,000 after purchasing an additional 18,200 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in FirstCash by 4.9% during the 1st quarter. Eagle Asset Management Inc. now owns 821,805 shares of the credit services provider’s stock valued at $71,086,000 after purchasing an additional 38,749 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

FirstCash Company Profile

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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