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HomeMarketResultsFirstCash Holdings, Inc (NASDAQ:FCFS) Sees Significant Decline in Short Interest

FirstCash Holdings, Inc (NASDAQ:FCFS) Sees Significant Decline in Short Interest


FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating) noticed a big drop briefly curiosity within the month of December. As of December fifteenth, there was quick curiosity totalling 633,700 shares, a drop of 8.4% from the November thirtieth complete of 691,600 shares. Based mostly on a median each day buying and selling quantity, of 239,300 shares, the days-to-cover ratio is at present 2.6 days. Roughly 1.7% of the shares of the corporate are quick bought.

Analyst Rankings Modifications

A number of equities analysts have issued reviews on FCFS shares. Credit score Suisse Group began protection on shares of FirstCash in a report on Wednesday, December 14th. They set a “impartial” ranking and a $88.00 value goal on the inventory. Barclays raised their value goal on shares of FirstCash from $105.00 to $110.00 and gave the inventory an “obese” ranking in a analysis observe on Monday, October thirty first. Loop Capital assumed protection on shares of FirstCash in a analysis observe on Tuesday, September twenty seventh. They issued a “maintain” ranking and a $80.00 value goal on the inventory. StockNews.com assumed protection on shares of FirstCash in a analysis observe on Wednesday, October twelfth. They issued a “maintain” ranking on the inventory. Lastly, Wedbush raised their value goal on shares of FirstCash from $80.00 to $90.00 in a analysis observe on Monday, November seventh. 5 analysts have rated the inventory with a maintain ranking and one has given a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the corporate at present has a median ranking of “Maintain” and a median value goal of $90.20.

Insider Exercise at FirstCash

In different FirstCash information, Director James H. Graves bought 8,000 shares of the inventory in a transaction on Monday, October thirty first. The shares have been bought at a median value of $96.00, for a complete transaction of $768,000.00. Following the transaction, the director now straight owns 17,867 shares of the corporate’s inventory, valued at $1,715,232. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by the SEC website. In different FirstCash information, Director James H. Graves bought 8,000 shares of the inventory in a transaction on Monday, October thirty first. The shares have been bought at a median value of $96.00, for a complete transaction of $768,000.00. Following the transaction, the director now straight owns 17,867 shares of the corporate’s inventory, valued at $1,715,232. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by the SEC website. Additionally, Director Douglas Richard Rippel bought 26,451 shares of the inventory in a transaction on Tuesday, December twenty seventh. The shares have been bought at a median value of $88.03, for a complete transaction of $2,328,481.53. Following the transaction, the director now straight owns 7,942,921 shares within the firm, valued at $699,215,335.63. The disclosure for this sale will be discovered here. Over the past quarter, insiders have bought 148,116 shares of firm inventory value $13,138,193. 19.35% of the inventory is owned by firm insiders.

Hedge Funds Weigh In On FirstCash

Numerous institutional traders have just lately purchased and bought shares of FCFS. James Funding Analysis Inc. acquired a brand new stake in shares of FirstCash through the second quarter valued at about $33,000. Allworth Monetary LP elevated its place in shares of FirstCash by 49.5% through the third quarter. Allworth Monetary LP now owns 453 shares of the corporate’s inventory valued at $33,000 after buying a further 150 shares over the past quarter. Quadrant Capital Group LLC elevated its place in shares of FirstCash by 32.4% through the third quarter. Quadrant Capital Group LLC now owns 605 shares of the corporate’s inventory valued at $44,000 after buying a further 148 shares over the past quarter. Covestor Ltd elevated its place in shares of FirstCash by 87.3% through the first quarter. Covestor Ltd now owns 691 shares of the corporate’s inventory valued at $49,000 after buying a further 322 shares over the past quarter. Lastly, EverSource Wealth Advisors LLC acquired a brand new stake in shares of FirstCash through the second quarter valued at about $50,000. 78.78% of the inventory is owned by hedge funds and different institutional traders.

FirstCash Value Efficiency

Shares of FCFS stock opened at $86.91 on Tuesday. The corporate has a debt-to-equity ratio of 0.76, a present ratio of three.46 and a fast ratio of two.56. The agency’s 50-day shifting common is $91.85 and its two-hundred day shifting common is $82.83. FirstCash has a 12 month low of $58.30 and a 12 month excessive of $100.00. The corporate has a market capitalization of $4.03 billion, a PE ratio of 19.98 and a beta of 0.78.

FirstCash (NASDAQ:FCFSGet Rating) final issued its earnings outcomes on Thursday, October twenty seventh. The corporate reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. FirstCash had a internet margin of 8.17% and a return on fairness of 12.93%. The corporate had income of $672.14 million for the quarter, in comparison with the consensus estimate of $670.35 million. Analysts predict that FirstCash will publish 5.11 earnings per share for the present yr.

FirstCash Dividend Announcement

The corporate additionally just lately introduced a quarterly dividend, which was paid on Wednesday, November thirtieth. Shareholders of file on Tuesday, November fifteenth have been paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized foundation and a yield of 1.52%. The ex-dividend date was Monday, November 14th. FirstCash’s dividend payout ratio (DPR) is presently 30.34%.

FirstCash Firm Profile

(Get Rating)

FirstCash Holdings, Inc, along with its subsidiaries, operates retail pawn shops in the USA, Mexico, and remainder of Latin America. Its pawn shops lend cash on the collateral of pledged private property, together with jewellery, electronics, instruments, home equipment, sporting items, and musical devices; and retails merchandise acquired by collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise straight from clients.

Additional Studying

This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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