FirstCash’s (FCFS) Overweight Rating Reiterated at Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $250.00 price objective on the stock. Stephens’ target price would suggest a potential upside of 20.60% from the stock’s current price.

Other research analysts have also issued reports about the company. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a research report on Monday, August 10th. Weiss Ratings lowered FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen raised FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, TD Cowen upped their target price on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and an average price target of $249.25.

FirstCash Stock Down 1.9%

NASDAQ:FCFS traded down $3.93 during trading hours on Thursday, hitting $207.31. 40,586 shares of the company’s stock traded hands, compared to its average volume of 378,955. The firm has a market cap of $8.99 billion, a P/E ratio of 23.61 and a beta of 0.53. FirstCash has a twelve month low of $146.08 and a twelve month high of $238.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The stock’s fifty day moving average price is $215.39 and its two-hundred day moving average price is $214.07.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.FirstCash’s quarterly revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. On average, research analysts expect that FirstCash will post 11.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Thomas Stuart sold 5,348 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the completion of the sale, the chief operating officer owned 135,498 shares in the company, valued at approximately $29,081,935.74. This represents a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R. Orr sold 2,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the sale, the chief financial officer owned 34,734 shares of the company’s stock, valued at approximately $7,502,544. This trade represents a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 14,098 shares of company stock worth $3,051,281. Insiders own 2.86% of the company’s stock.

Institutional Trading of FirstCash

Several hedge funds have recently added to or reduced their stakes in FCFS. Harbor Investment Advisory LLC bought a new stake in FirstCash during the 1st quarter valued at approximately $26,000. Geneos Wealth Management Inc. bought a new stake in FirstCash during the 1st quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in FirstCash in the 2nd quarter valued at approximately $34,000. Assetmark Inc. raised its holdings in FirstCash by 113.2% in the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in FirstCash by 531.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock valued at $41,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

About FirstCash

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.