FirstCash (NASDAQ:FCFS) Given “Overweight” Rating at Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a report issued on Wednesday,Benzinga reports. They presently have a $137.00 price objective on the stock. Stephens’ price objective suggests a potential upside of 19.86% from the stock’s current price.

Separately, TD Cowen dropped their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th.

FirstCash Stock Down 1.6 %

Shares of FCFS stock opened at $114.30 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The firm has a market capitalization of $5.12 billion, a PE ratio of 19.95 and a beta of 0.67. The stock’s 50-day simple moving average is $109.33 and its 200-day simple moving average is $111.18.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Equities analysts expect that FirstCash will post 7.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FirstCash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC purchased a new position in shares of FirstCash during the 4th quarter worth $31,000. J.Safra Asset Management Corp increased its position in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Quarry LP raised its stake in FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares during the period. CWM LLC boosted its holdings in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the last quarter. Finally, Hurley Capital LLC purchased a new stake in shares of FirstCash in the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Company Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.