World Acceptance (NASDAQ:WRLD) PT Lowered to $105.00

World Acceptance (NASDAQ:WRLDGet Rating) had its price target cut by Stephens from $159.00 to $105.00 in a research report report published on Thursday, Marketbeat Ratings reports. They currently have an underweight rating on the credit services provider’s stock.

Several other brokerages also recently issued reports on WRLD. TheStreet downgraded World Acceptance from a b- rating to a c+ rating in a research report on Thursday, May 12th. StockNews.com upgraded World Acceptance from a hold rating to a buy rating in a research report on Monday, May 2nd.

World Acceptance Stock Up 0.2 %

WRLD opened at $110.78 on Thursday. The business’s fifty day moving average is $121.00 and its two-hundred day moving average is $165.95. The company has a debt-to-equity ratio of 1.86, a quick ratio of 15.36 and a current ratio of 15.36. The company has a market cap of $695.81 million, a price-to-earnings ratio of 13.05 and a beta of 1.56. World Acceptance has a one year low of $98.96 and a one year high of $265.75.

World Acceptance (NASDAQ:WRLDGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The credit services provider reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($2.38). World Acceptance had a net margin of 9.26% and a return on equity of 13.42%. During the same period in the previous year, the company earned $2.44 earnings per share. Analysts anticipate that World Acceptance will post 5.23 EPS for the current fiscal year.

Institutional Investors Weigh In On World Acceptance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of World Acceptance by 16.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,548 shares of the credit services provider’s stock valued at $8,234,000 after buying an additional 4,731 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of World Acceptance in the first quarter valued at about $234,000. ProShare Advisors LLC acquired a new stake in shares of World Acceptance in the fourth quarter valued at about $264,000. Bank of America Corp DE grew its stake in shares of World Acceptance by 2.0% in the fourth quarter. Bank of America Corp DE now owns 8,825 shares of the credit services provider’s stock valued at $2,165,000 after buying an additional 176 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in World Acceptance by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 8,591 shares of the credit services provider’s stock valued at $2,108,000 after purchasing an additional 70 shares during the last quarter. 85.05% of the stock is currently owned by institutional investors and hedge funds.

World Acceptance Company Profile

(Get Rating)

World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services.

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