FirstCash, Inc. (FCFS) Hit All Time High

March 16, 2018 - By Louis Casey

Investors sentiment decreased to 0 in Q3 2017. Its down 2.00, from 2 in 2017Q2. It is negative, as 1 investors sold FirstCash, Inc. shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 1.88 million shares or 34.99% less from 2.89 million shares in 2017Q2 were reported.
Burney holds 0.03% or 7,620 shares. Genesis Asset Managers Llp owns 1.86M shares for 4.12% of their portfolio. Employees Retirement Association Of Colorado holds 10,430 shares. Gemmer Asset Mngmt Limited Liability Co has 215 shares for 0.01% of their portfolio.

Since February 5, 2018, it had 1 insider purchase, and 2 insider sales for $1.04 million activity. Another trade for 10,000 shares valued at $750,441 was sold by ORR R DOUGLAS.

The stock of FirstCash, Inc. (NYSE:FCFS) reached all time high today, Mar, 16 and still has $85.44 target or 5.00 % above today’s $81.38 share price. This indicates more upside for the $3.79 billion company. This technical setup was reported by If the $85.44 PT is reached, the company will be worth $189.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.53% or $0.425 during the last trading session, reaching $81.375. About 190,042 shares traded. FirstCash, Inc. (NYSE:FCFS) has risen 22.27% since March 16, 2017 and is uptrending. It has outperformed by 5.57% the S&P500.

Analysts await FirstCash, Inc. (NYSE:FCFS) to report earnings on April, 26. They expect $0.75 EPS, up 10.29 % or $0.07 from last year’s $0.68 per share. FCFS’s profit will be $34.91 million for 27.13 P/E if the $0.75 EPS becomes a reality. After $0.94 actual EPS reported by FirstCash, Inc. for the previous quarter, Wall Street now forecasts -20.21 % 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 $3.79 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 27.12 P/E ratio. The firm also engages in melting scrap jewelry, as well as sells the gold, silver, and diamonds in commodity markets.

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