FirstCash’s (FCFS) “Overweight” Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of FirstCash (NASDAQ:FCFS – Free Report) in a research note published on Thursday,Benzinga reports. They currently have a $250.00 target price on the stock.

A number of other analysts have also recently commented on FCFS. TD Cowen upped their price objective on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target for the company in a research note on Monday, August 10th. Wall Street Zen raised shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.25.

Check Out Our Latest Stock Analysis on FCFS

FirstCash Trading Up 1.1%

Shares of FCFS stock opened at $210.36 on Thursday. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. FirstCash has a 12-month low of $146.77 and a 12-month high of $238.93. The stock has a market capitalization of $9.12 billion, a P/E ratio of 24.01 and a beta of 0.55. The firm’s 50 day moving average is $215.91 and its 200 day moving average is $214.15.

FirstCash (NASDAQ:FCFS – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. Research analysts expect that FirstCash will post 11.85 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 14th. FirstCash’s dividend payout ratio (DPR) is presently 19.18%.

Insider Activity

In other FirstCash news, CFO R. Orr sold 2,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the sale, the chief financial officer owned 34,734 shares in the company, valued at approximately $7,502,544. This represents a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James H. Graves sold 3,750 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the sale, the director directly owned 11,929 shares in the company, valued at approximately $2,638,694.80. This represents a 23.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,098 shares of company stock worth $3,051,281 in the last quarter. Corporate insiders own 2.86% of the company’s stock.

Hedge Funds Weigh In On FirstCash

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. purchased a new stake in shares of FirstCash during the second quarter worth about $247,000. Sequoia Financial Advisors LLC lifted its holdings in FirstCash by 6.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,721 shares of the company’s stock worth $805,000 after purchasing an additional 218 shares in the last quarter. Engineers Gate Manager LP bought a new position in FirstCash in the 2nd quarter worth approximately $1,696,000. Integrated Wealth Concepts LLC boosted its stake in FirstCash by 4.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,239 shares of the company’s stock worth $1,566,000 after purchasing an additional 299 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in FirstCash by 5.1% in the 2nd quarter. Baird Financial Group Inc. now owns 3,793 shares of the company’s stock worth $821,000 after purchasing an additional 185 shares during the period. Institutional investors own 80.30% of the company’s stock.

FirstCash Company Profile

(Get Free Report)

FirstCash Holdings, Inc operates pawn stores and related consumer financial services businesses in the United States and Latin America. Its pawn stores provide collateral-based loans to consumers, while also buying and selling secondhand merchandise such as jewelry, electronics, tools, sporting goods and other personal property.

The company serves customers through pawn locations in the United States and Mexico, as well as selected markets in Central and South America. Its operations are designed to provide short-term, non-recourse credit secured by personal property, along with retail opportunities for value-conscious consumers.

Further Reading

Analyst Recommendations for FirstCash (NASDAQ:FCFS)

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