FirstCash Inc (NASDAQ:FCFS) had its price objective upped by JMP Securities in a report published on Friday. They currently have an outperform rating on the credit services provider’s stock.

Several other equities research analysts have also issued reports on FCFS. CL King lowered FirstCash from a strong-buy rating to a buy rating in a research note on Thursday, July 27th. BidaskClub lowered FirstCash from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Janney Montgomery Scott lowered FirstCash from a buy rating to a neutral rating and dropped their price objective for the company from $58.55 to $58.00 in a research note on Monday, July 17th. Zacks Investment Research raised FirstCash from a hold rating to a buy rating and set a $65.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Stephens lifted their price objective on FirstCash from $51.00 to $62.00 and gave the company an equal weight rating in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. FirstCash currently has an average rating of Buy and a consensus price target of $57.86.

FirstCash (NASDAQ FCFS) traded up 0.17% during mid-day trading on Friday, reaching $58.25. The company had a trading volume of 29,249 shares. FirstCash has a 12-month low of $39.80 and a 12-month high of $60.75. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 31.54 and a beta of 0.90. The stock has a 50-day moving average of $57.60 and a 200 day moving average of $50.31.

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, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $416.60 million during the quarter, compared to analysts’ expectations of $410.65 million. FirstCash had a return on equity of 8.92% and a net margin of 7.29%. The firm’s quarterly revenue was up 128.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. On average, analysts expect that FirstCash will post $2.63 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, August 11th. FirstCash’s dividend payout ratio is 25.38%.

FirstCash announced that its board has initiated a stock buyback plan on Monday, May 15th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the credit services provider to buy up to 4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

In related news, CFO R Douglas Orr sold 7,500 shares of FirstCash stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $55.00, for a total transaction of $412,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of large investors have recently bought and sold shares of FCFS. AQR Capital Management LLC raised its stake in FirstCash by 32.8% in the fourth quarter. AQR Capital Management LLC now owns 55,075 shares of the credit services provider’s stock valued at $2,589,000 after buying an additional 13,607 shares in the last quarter. Norges Bank purchased a new stake in shares of FirstCash during the fourth quarter valued at about $24,894,000. Teachers Advisors LLC raised its stake in shares of FirstCash by 25.5% in the fourth quarter. Teachers Advisors LLC now owns 102,818 shares of the credit services provider’s stock valued at $4,832,000 after buying an additional 20,898 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of FirstCash during the first quarter valued at about $215,000. Finally, Bank of Montreal Can raised its stake in shares of FirstCash by 60.9% in the first quarter. Bank of Montreal Can now owns 97,545 shares of the credit services provider’s stock valued at $4,794,000 after buying an additional 36,903 shares during the period.

About FirstCash

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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