FirstCash Inc (FCFS) Holdings Maintained by Swiss National Bank
Swiss National Bank continued to hold its position in FirstCash Inc (NASDAQ:FCFS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,112 shares of the credit services provider’s stock at the end of the second quarter. Swiss National Bank owned 0.17% of FirstCash worth $4,671,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in FCFS. BlackRock Inc. raised its holdings in shares of FirstCash by 77,659.7% in the 1st quarter. BlackRock Inc. now owns 5,898,853 shares of the credit services provider’s stock worth $289,930,000 after purchasing an additional 5,891,267 shares during the period. Park West Asset Management LLC raised its holdings in shares of FirstCash by 247.3% in the 1st quarter. Park West Asset Management LLC now owns 949,415 shares of the credit services provider’s stock worth $46,664,000 after purchasing an additional 676,019 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of FirstCash by 27.6% in the 1st quarter. Fiduciary Management Inc. WI now owns 3,029,034 shares of the credit services provider’s stock worth $148,877,000 after purchasing an additional 654,624 shares during the period. Wellington Management Group LLP raised its holdings in shares of FirstCash by 98.6% in the 1st quarter. Wellington Management Group LLP now owns 1,267,147 shares of the credit services provider’s stock worth $62,280,000 after purchasing an additional 629,104 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in shares of FirstCash in the 1st quarter worth about $15,612,000.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Thursday. Jefferies Group LLC set a $69.00 target price on FirstCash and gave the company a “buy” rating in a research note on Friday, August 18th. JMP Securities increased their target price on FirstCash and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, BidaskClub lowered FirstCash from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $61.50.
Shares of FirstCash Inc (NASDAQ FCFS) opened at 61.00 on Friday. The stock has a 50 day moving average price of $58.89 and a 200-day moving average price of $54.14. FirstCash Inc has a 1-year low of $39.80 and a 1-year high of $61.00. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 33.03 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The company had revenue of $416.60 million during the quarter, compared to analysts’ expectations of $410.65 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 128.9% compared to the same quarter last year. On average, equities research analysts expect that FirstCash Inc will post $2.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were given a $0.19 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.25%. FirstCash’s dividend payout ratio is currently 25.38%.
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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