First Cash Financial Services (FCFS) Downgraded by Zacks Investment Research to Sell

First Cash Financial Services (NYSE:FCFS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “FirstCash Inc. is an operator of pawn stores. The company focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell jewelry, consumer electronics, power tools, household appliances, sporting goods, musical instruments and other merchandise. It operates primarily in the U.S., Mexico, Guatemala and El Salvador. FirstCash, Inc., formerly known as First Cash Financial Services Inc., is based in Arlington, United States. “

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Several other brokerages also recently commented on FCFS. Wedbush reissued an “outperform” rating and issued a $83.00 price target (up from $75.00) on shares of First Cash Financial Services in a report on Monday, February 5th. ValuEngine raised shares of First Cash Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. First Cash Financial Services currently has a consensus rating of “Buy” and a consensus price target of $71.83.

NYSE:FCFS traded down $0.60 during trading hours on Wednesday, hitting $82.15. The stock had a trading volume of 42,783 shares, compared to its average volume of 265,406. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.99 and a quick ratio of 4.69. First Cash Financial Services has a one year low of $47.60 and a one year high of $83.90. The company has a market cap of $3,829.14, a price-to-earnings ratio of 30.33, a PEG ratio of 1.24 and a beta of 0.62.

First Cash Financial Services (NYSE:FCFS) last announced its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. First Cash Financial Services had a net margin of 8.08% and a return on equity of 8.86%. The firm had revenue of $480.21 million during the quarter, compared to the consensus estimate of $467.32 million. During the same period last year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research analysts expect that First Cash Financial Services will post 3.29 EPS for the current fiscal year.

In other news, Director Daniel R. Feehan sold 17,505 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $80.60, for a total transaction of $1,410,903.00. Following the sale, the director now owns 67,101 shares in the company, valued at approximately $5,408,340.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Brent Stuart acquired 1,080 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the transaction, the insider now owns 8,283 shares in the company, valued at approximately $609,960.12. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 23,690 shares of company stock worth $1,866,928. Corporate insiders own 2.75% of the company’s stock.

Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC purchased a new position in First Cash Financial Services in the 4th quarter worth $114,000. Zions Bancorporation purchased a new position in First Cash Financial Services in the 3rd quarter worth $230,000. USA Financial Portformulas Corp purchased a new position in First Cash Financial Services in the 4th quarter worth $302,000. Jefferies Group LLC purchased a new position in First Cash Financial Services in the 4th quarter worth $318,000. Finally, Sawgrass Asset Management LLC purchased a new position in First Cash Financial Services in the 4th quarter worth $349,000. Institutional investors own 96.20% of the company’s stock.

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About First Cash Financial Services

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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Analyst Recommendations for First Cash Financial Services (NYSE:FCFS)

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