Victory Capital Management Inc. cut its holdings in FirstCash, Inc. (NASDAQ:FCFS) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,761 shares of the company’s stock after selling 263 shares during the period. Victory Capital Management Inc.’s holdings in FirstCash were worth $746,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in FCFS. Prudential Financial Inc. lifted its holdings in FirstCash by 1.7% in the 1st quarter. Prudential Financial Inc. now owns 9,321 shares of the company’s stock valued at $612,000 after purchasing an additional 159 shares in the last quarter. Van Hulzen Asset Management LLC lifted its holdings in FirstCash by 2.2% in the 1st quarter. Van Hulzen Asset Management LLC now owns 7,934 shares of the company’s stock valued at $521,000 after purchasing an additional 173 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in FirstCash by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,981 shares of the company’s stock valued at $1,069,000 after purchasing an additional 196 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in FirstCash by 0.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 68,929 shares of the company’s stock valued at $4,527,000 after purchasing an additional 263 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in FirstCash by 4.2% in the 1st quarter. Panagora Asset Management Inc. now owns 6,506 shares of the company’s stock valued at $427,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.
A number of research analysts have issued reports on FCFS shares. Credit Suisse Group lowered shares of FirstCash from an “outperform” rating to an “underperform” rating and upped their target price for the company from $74.00 to $83.00 in a report on Tuesday, June 22nd. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Tuesday, July 13th. Wedbush increased their price objective on shares of FirstCash from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, September 8th. Jefferies Financial Group assumed coverage on shares of FirstCash in a report on Friday, September 10th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Janney Montgomery Scott lowered shares of FirstCash from a “buy” rating to a “neutral” rating in a report on Monday, May 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, FirstCash currently has a consensus rating of “Hold” and an average price target of $92.00.
FirstCash (NASDAQ:FCFS) last posted its earnings results on Tuesday, July 20th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.10. The firm had revenue of $389.58 million during the quarter, compared to the consensus estimate of $380.94 million. FirstCash had a net margin of 7.09% and a return on equity of 9.63%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Analysts expect that FirstCash, Inc. will post 3.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, August 12th. FirstCash’s dividend payout ratio (DPR) is presently 39.87%.
FirstCash Company Profile
FirstCash, Inc operates retail-based pawn stores. It operates through the following segments: U.S. operations and Latin America operations. The U. S. Operations segment includes all pawn and consumer loan operations in the U. S. The Latin America Operations segment consists of all pawn and consumer loan operations in Latin America, which includes operations in Mexico, Guatemala, El Salvador and Colombia.
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