What’s Next for FirstCash, Inc. (FCFS) After Achieving 52-Week High?

May 17, 2018 - By Lindsey Sherman

FirstCash, Inc. (NYSE:FCFS) Logo

Investors sentiment is 0 in Q4 2017. Its the same as in 2017Q3. It is without change, as 1 investors sold FirstCash, Inc. shares while 1 reduced holdings. only 0 funds opened positions while 0 raised stakes. 1.78 million shares or 5.52% less from 1.88 million shares in 2017Q3 were reported.
Employees Retirement Association Of Colorado has 0% invested in FirstCash, Inc. (NYSE:FCFS) for 10,430 shares. Gemmer Asset Mngmt Ltd Liability accumulated 0.01% or 215 shares. 1.77 million were reported by Genesis Asset Managers Llp.

Since February 5, 2018, it had 2 insider purchases, and 3 insider sales for $2.30 million activity. $79,531 worth of FirstCash, Inc. (NYSE:FCFS) was bought by Stuart Thomas Brent. On Wednesday, February 21 ORR R DOUGLAS sold $750,441 worth of FirstCash, Inc. (NYSE:FCFS) or 10,000 shares. FAULKNER MIKEL D bought $146,013 worth of FirstCash, Inc. (NYSE:FCFS) on Tuesday, May 1.

The stock of FirstCash, Inc. (NYSE:FCFS) hit a new 52-week high and has $99.58 target or 7.00 % above today’s $93.07 share price. The 8 months bullish chart indicates low risk for the $4.41 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $99.58 price target is reached, the company will be worth $308.49M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.83% or $1.67 during the last trading session, reaching $93.07. About 112,938 shares traded. FirstCash, Inc. (NYSE:FCFS) has risen 75.74% since May 17, 2017 and is uptrending. It has outperformed by 64.19% the S&P500.

Analysts await FirstCash, Inc. (NYSE:FCFS) to report earnings on July, 26. They expect $0.65 EPS, up 25.00 % or $0.13 from last year’s $0.52 per share. FCFS’s profit will be $30.78 million for 35.80 P/E if the $0.65 EPS becomes a reality. After $0.90 actual EPS reported by FirstCash, Inc. for the previous quarter, Wall Street now forecasts -27.78 % negative EPS growth.

FirstCash, Inc. operates retail-based pawn and consumer finance stores in the United States and Mexico. The company has market cap of $4.41 billion. The Company’s 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. It has a 31.02 P/E ratio. The firm also engages in melting scrap jewelry, as well as sells the gold, silver, and diamonds in commodity markets.

FirstCash, Inc. (NYSE:FCFS) Ratings Chart

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