Fiduciary Management Inc. WI increased its position in shares of FirstCash Inc (NASDAQ:FCFS) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,374,410 shares of the company’s stock after buying an additional 75,506 shares during the period. Fiduciary Management Inc. WI owned approximately 4.90% of FirstCash worth $111,597,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC raised its stake in FirstCash by 31.4% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 328,759 shares of the company’s stock worth $15,451,000 after buying an additional 78,608 shares during the last quarter. Brown Advisory Inc. bought a new stake in FirstCash during the fourth quarter worth about $224,000. State Street Corp raised its stake in FirstCash by 6.8% in the fourth quarter. State Street Corp now owns 1,054,464 shares of the company’s stock worth $49,558,000 after buying an additional 66,918 shares during the last quarter. Comerica Bank raised its stake in FirstCash by 5.7% in the fourth quarter. Comerica Bank now owns 51,932 shares of the company’s stock worth $2,285,000 after buying an additional 2,781 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in FirstCash during the fourth quarter worth about $10,625,000.
Shares of FirstCash Inc (NASDAQ:FCFS) traded down 0.57% during midday trading on Tuesday, reaching $43.50. The company had a trading volume of 239,762 shares. The stock has a 50-day moving average of $44.56 and a 200 day moving average of $47.39. FirstCash Inc has a 52 week low of $38.12 and a 52 week high of $53.95. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 25.32 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The business earned $462.04 million during the quarter, compared to the consensus estimate of $451.64 million. The business’s quarterly revenue was up 141.4% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, analysts anticipate that FirstCash Inc will post $2.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, February 10th. FirstCash’s dividend payout ratio (DPR) is 25.38%.
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A number of research firms recently issued reports on FCFS. Wedbush decreased their price objective on FirstCash from $53.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. JMP Securities decreased their target price on FirstCash from $57.00 to $52.00 and set a “mkt outperform” rating on the stock in a research note on Friday, February 3rd. Zacks Investment Research lowered FirstCash from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. Stephens initiated coverage on FirstCash in a research note on Thursday, January 12th. They issued an “equal weight” rating and a $44.00 target price on the stock. Finally, Jefferies Group LLC restated a “buy” rating on shares of FirstCash in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. FirstCash has an average rating of “Hold” and an average price target of $51.11.
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.
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