FirstCash Inc (NASDAQ:FCFS) has earned a consensus rating of “Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $60.33.

Several brokerages have recently weighed in on FCFS. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Thursday. BidaskClub downgraded FirstCash from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC set a $69.00 price target on FirstCash and gave the company a “buy” rating in a report on Friday, August 18th. JMP Securities raised their price target on FirstCash and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, CL King downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.

Shares of FirstCash (NASDAQ:FCFS) traded up 0.68% during mid-day trading on Friday, reaching $59.10. 130,194 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $58.66 and a 200 day moving average of $52.84. FirstCash has a one year low of $39.80 and a one year high of $60.75. The firm has a market capitalization of $2.82 billion, a P/E ratio of 32.00 and a beta of 0.90.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. FirstCash had a return on equity of 4.10% and a net margin of 3.66%. The firm had revenue of $416.60 million during the quarter, compared to the consensus estimate of $410.65 million. During the same period last year, the company earned $0.51 earnings per share. The company’s revenue was up 128.9% on a year-over-year basis. On average, analysts forecast that FirstCash will post $2.66 EPS for the current fiscal year.

FirstCash announced that its board has approved a stock repurchase program on Monday, May 15th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the credit services provider to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.29%. FirstCash’s payout ratio is 25.38%.

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In related news, CFO R Douglas Orr sold 7,500 shares of FirstCash stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $55.00, for a total value of $412,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of large investors have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its stake in FirstCash by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 4,394 shares of the credit services provider’s stock valued at $256,000 after buying an additional 12 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in FirstCash by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the credit services provider’s stock valued at $242,000 after buying an additional 50 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in FirstCash by 0.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 32,077 shares of the credit services provider’s stock valued at $1,870,000 after buying an additional 83 shares during the last quarter. HL Financial Services LLC increased its stake in FirstCash by 2.2% in the second quarter. HL Financial Services LLC now owns 4,237 shares of the credit services provider’s stock valued at $247,000 after buying an additional 91 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in FirstCash by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 29,848 shares of the credit services provider’s stock valued at $1,740,000 after buying an additional 100 shares during the last quarter.

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.

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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