Here is the rundown on market activity for First Cash, Inc. Common Stock (NYSE:FCFS). EVP R. Douglas Orr disclosed the sale of 7,500 shares of (FCFS). The shares were purchased at an average price of $55.00. Orr now owns $9,735,000 of the stock per the Form 4 SEC filing. R. Douglas Orr, EVP reported the sale of 5,000 shares of FCFS stock. The shares were sold on May 2nd for an average price of $52.50. The EVP now owns $9,686,250 of the stock according to the SEC filing.
R. Douglas Orr, EVP disclosed the sale of 2,500 shares. The shares were sold on April 20th for an average price of $50.00. Orr now owns $9,475,000 of the stock according to the SEC filing.
FirstCash, Inc., formerly First Cash Financial Services, Inc., launched on April 24, 1991, is an operator of retail-based pawn stores in the United States and Latin America. The Business’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. The Business’s operates through two segments: the U.S. operations segment and the Latin America operations segment. The U.S. operations segment consists of all pawn and consumer loan operations in the United States and the Latin America operations segment consists of all pawn and consumer loan operations in Latin America, which includes operations in Mexico, Guatemala and El Salvador. In addition, some of the Business’s pawn stores offer small-unsecured consumer loans or credit services products. The Company also operates consumer finance stores in Texas and Mexico. These stores primarily provide consumer financial services products, including credit services and small unsecured consumer loans. As of December 31, 2016, the Company had 2,085 locations, consisting of 1,130 stores across 26 states of the United States, 909 stores across 32 states in Mexico, 33 stores in Guatemala and 13 stores in El Salvador..
Here are a few additional firms who have increased or decreased their stake in (FCFS). As of the end of the quarter Burney Co/ had disposed of 105,304 shares trimming its holdings by 92.5%. The value of the total investment in First Cash, Inc. Common Stock went from $5,344,000 to $421,000 decreasing 92.1% since the last quarter. Norges Bank bolstered its stake by buying 15,000 shares an increase of 5.9% in the quarter. Norges Bank now holds 269,590 shares with a value of $12,417,000. The total value of its holdings increased 21.7%.
Genesis Asset Managers, Llp downsized its position by selling 81,100 shares a decrease of 3.9%. Genesis Asset Managers, Llp currently owns 2,007,617 shares worth $98,674,000. The value of the position overall is up by 0.5%. As of quarter end Ubs Asset Management Americas Inc had bought a total of 1,300 shares growing its position 9.6%. The value of the company’s investment in First Cash, Inc. Common Stock increased from $626,000 to $765,000 a change of 22.2% for the reporting period.
On October 13, 2016 the stock rating was rated “Market Outperform” by JMP Securities a boost from the previous “Market Perform” rating. On October 11, 2016 Wedbush initiated coverage on FCFS with a rating of “Outperform”.
On October 3 the company was set at “Buy” according to a Janney Capital report which is up from the previous “Buy” rating. On September 8 JP Morgan maintained a stock rating of “Neutral” and moved up the price target to $48.00 from $42.00.
On June 3 the company was upgraded to “Buy” from “Buy” by analysts at Sterne Agee CRT. JP Morgan raised the price target and downgraded the stock on March 18 changing the price objective from $39.00 to $42.00 and altering the rating from “Overweight” to “Neutral”.
The company is now up from yesterday’s close of $55.1. The company also recently announced a dividend that was paid on Wed May 31, 2017. The dividend payment was $0.190 per share for the quarter or $0.76 on an annualized basis. This dividend represents a yield of $1.40. The ex-dividend date was Thursday the 11th of May 2017.
Shares of the company are trading at $56.05 which is slightly above the 50 day moving average which is $53.01 and marginally over the 200 day moving average of $47.45. The 50 day moving average was up $3.04 or +5.74% and the 200 day average moved up $8.60.
First Cash, Inc. Common Stock’s P/E ratio is 28.28 and the market value is 2.71B. In the last earnings report the EPS was $1.98 and is projected to be $2.58 for the current year with 48,302,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.63 and the next full year EPS is projected to be $3.05.