Victory Capital Management Inc. trimmed its holdings in shares of FirstCash, Inc. (NASDAQ:FCFS) by 2.6% during the second quarter, Holdings Channel.com reports. The firm owned 9,761 shares of the company’s stock after selling 263 shares during the quarter. Victory Capital Management Inc.’s holdings in FirstCash were worth $746,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. increased its holdings in shares of FirstCash by 3.6% during the first quarter. UBS Asset Management Americas Inc. now owns 35,256 shares of the company’s stock valued at $2,315,000 after purchasing an additional 1,232 shares during the period. Principal Financial Group Inc. increased its holdings in shares of FirstCash by 12.6% during the first quarter. Principal Financial Group Inc. now owns 146,975 shares of the company’s stock valued at $9,652,000 after purchasing an additional 16,403 shares during the period. New York State Common Retirement Fund increased its holdings in shares of FirstCash by 9.0% during the second quarter. New York State Common Retirement Fund now owns 434,293 shares of the company’s stock valued at $33,197,000 after purchasing an additional 35,718 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of FirstCash by 0.4% during the first 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 during the period. Finally, APG Asset Management N.V. increased its holdings in shares of FirstCash by 6.4% during the first quarter. APG Asset Management N.V. now owns 34,800 shares of the company’s stock valued at $1,944,000 after purchasing an additional 2,100 shares during the period. 94.69% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the company. Janney Montgomery Scott lowered FirstCash from a “buy” rating to a “neutral” rating in a report on Monday, May 24th. Credit Suisse Group lowered FirstCash from an “outperform” rating to an “underperform” rating and lifted their target price for the stock from $74.00 to $83.00 in a report on Tuesday, June 22nd. Wedbush lifted their target price on FirstCash from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, September 8th. Jefferies Financial Group started coverage on FirstCash in a research note on Friday, September 10th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Tuesday, July 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $92.00.
FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Tuesday, July 20th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.10. FirstCash had a return on equity of 9.63% and a net margin of 7.09%. The firm had revenue of $389.58 million during the quarter, compared to analyst estimates of $380.94 million. During the same period last year, the company posted $0.62 EPS. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, research analysts predict that FirstCash, Inc. will post 3.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. FirstCash’s payout ratio is presently 39.87%.
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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