Notable Price Action: Is Buying FirstCash Inc Here a Winning Strategy?

Notable Price Action: Is Buying FirstCash Inc Here a Winning Strategy?

The stock of FirstCash Inc (NYSE:FCFS) is a huge mover today! About 444,438 shares traded hands or 54.65% up from the average. FirstCash Inc (NYSE:FCFS) has risen 11.64% since February 29, 2016 and is uptrending. It has underperformed by 0.57% the S&P500.
The move comes after 9 months positive chart setup for the $1.43 billion company. It was reported on Oct, 3 by We have $72.33 PT which if reached, will make NYSE:FCFS worth $643.50M more.

Analysts await FirstCash Inc (NYSE:FCFS) to report earnings on October, 18. They expect $0.57 earnings per share, down 3.39% or $0.02 from last year’s $0.59 per share. FCFS’s profit will be $16.34M for 21.88 P/E if the $0.57 EPS becomes a reality. After $0.51 actual earnings per share reported by FirstCash Inc for the previous quarter, Wall Street now forecasts 11.76% EPS growth.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.34, from 1.03 in 2016Q1. The ratio improved, as 13 funds sold all FirstCash Inc shares owned while 36 reduced positions. 16 funds bought stakes while 51 increased positions. They now own 23.29 million shares or 0.86% less from 23.49 million shares in 2016Q1.
Schwab Charles Management, a California-based fund reported 143,033 shares. Parametric Port Assocs Limited Com has 52,783 shares for 0% of their US portfolio. Blackrock Inv Mgmt Limited Liability Company accumulated 115,192 shares or 0.01% of the stock. Pacad Ltd holds 0.01% of its portfolio in FirstCash Inc (NYSE:FCFS) for 1,700 shares. Louisiana State Employees Retirement Systems accumulated 0.03% or 12,500 shares. Bridgeway Cap Mngmt last reported 9,500 shares in the company. Aperio Group Limited Liability owns 6,167 shares or 0% of their US portfolio. Rocky Mountain Advisers Ltd has 36 shares for 0.01% of their US portfolio. The Maryland-based Proshare Ltd Liability has invested 0% in FirstCash Inc (NYSE:FCFS). Comerica Comml Bank has invested 0.01% of its portfolio in FirstCash Inc (NYSE:FCFS). Nationwide Fund holds 18,057 shares or 0% of its portfolio. Moreover, Invesco has 0% invested in FirstCash Inc (NYSE:FCFS) for 63,798 shares. Genesis Asset Managers Llp owns 2.68 million shares or 5.88% of their US portfolio. Arizona State Retirement last reported 0.01% of its portfolio in the stock. Thompson Siegel & Walmsley has 0.2% invested in the company for 249,775 shares.

More important recent FirstCash Inc (NYSE:FCFS) news were published by: which released: “Benzinga’s Top Upgrades” on October 03, 2016, also published article titled: “First Cash Financial Services, Inc. Announces Transfer to NYSE”, published: “First Cash to Buy Cash America for $994 Million in Pawn Deal” on April 28, 2016. More interesting news about FirstCash Inc (NYSE:FCFS) was released by: and their article: “Form 4 Enova International, For: Sep 28 Filed by: FIRSTCASH, INC” with publication date: September 30, 2016.

FCFS Company Profile

FirstCash, Inc., formerly First Cash Financial Services, Inc., incorporated on April 24, 1991, is an operator of retail 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. The Company’s pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers. The Company’s pawn stores are a source for small consumer loans to help clients meet their short-term cash needs. In addition, some of the Company’s pawn stores offer small consumer loans or credit services products. As of December 31, 2015, the Company had 1,075 locations, consisting of 338 stores across 14 states of the United States, 705 stores across 29 states in Mexico and 32 stores in Guatemala. It operates a number of standalone consumer finance stores in Texas and Mexico, which provide consumer financial services products, including credit services and small unsecured consumer loans.

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