Deutsche Bank AG increased its holdings in shares of First Cash Financial Services, Inc. (NYSE:FCFS) by 128.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,352 shares of the credit services provider’s stock after acquiring an additional 61,492 shares during the quarter. Deutsche Bank AG owned about 0.23% of First Cash Financial Services worth $7,373,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC acquired a new position in shares of First Cash Financial Services during the 4th quarter worth approximately $114,000. Zions Bancorporation acquired a new position in shares of First Cash Financial Services during the 3rd quarter worth approximately $230,000. USA Financial Portformulas Corp acquired a new position in shares of First Cash Financial Services during the 4th quarter worth approximately $302,000. Jefferies Group LLC acquired a new position in shares of First Cash Financial Services during the 4th quarter worth approximately $318,000. Finally, Sawgrass Asset Management LLC acquired a new position in First Cash Financial Services in the 4th quarter valued at $349,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on FCFS shares. Zacks Investment Research lowered First Cash Financial Services from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price objective (up from $75.00) on shares of First Cash Financial Services in a report on Monday, February 5th. Finally, ValuEngine raised First Cash Financial Services from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $71.83.
Shares of NYSE FCFS opened at $81.40 on Friday. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20. First Cash Financial Services, Inc. has a one year low of $47.60 and a one year high of $83.90. The firm has a market capitalization of $3,852.41, a price-to-earnings ratio of 29.71, a PEG ratio of 1.25 and a beta of 0.62.
First Cash Financial Services (NYSE:FCFS) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.10. First Cash Financial Services had a return on equity of 8.86% and a net margin of 8.08%. The firm had revenue of $480.21 million for the quarter, compared to analyst estimates of $467.32 million. During the same period in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts forecast that First Cash Financial Services, Inc. will post 3.29 earnings per share for the current fiscal year.
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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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