FirstCash Holdings, Inc. (NASDAQ:FCFS) Receives $249.00 Average PT from Analysts

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $249.00.

Several equities research analysts have weighed in on FCFS shares. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a research note on Monday, August 10th. TD Cowen boosted their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd.

FirstCash Price Performance

FCFS stock opened at $216.12 on Tuesday. The company’s 50-day moving average price is $214.86 and its two-hundred day moving average price is $212.91. The firm has a market cap of $9.37 billion, a P/E ratio of 24.67 and a beta of 0.53. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. FirstCash has a 12 month low of $145.42 and a 12 month high of $238.93.

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

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis 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 at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total value of $425,960.00. Following the sale, the insider owned 30,406 shares in the company, valued at $6,475,869.88. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Stuart sold 5,348 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were 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 $29,081,935.74. This represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 14,098 shares of company stock valued at $3,051,281. Company insiders own 2.86% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in FirstCash by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,721 shares of the company’s stock worth $805,000 after acquiring an additional 218 shares during the last quarter. Engineers Gate Manager LP bought a new position in FirstCash in the second quarter valued at about $1,696,000. Integrated Wealth Concepts LLC boosted its stake in shares of FirstCash by 4.3% during the second quarter. Integrated Wealth Concepts LLC now owns 7,239 shares of the company’s stock valued at $1,566,000 after purchasing an additional 299 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of FirstCash by 5.1% during the second quarter. Baird Financial Group Inc. now owns 3,793 shares of the company’s stock valued at $821,000 after purchasing an additional 185 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of FirstCash by 25.4% during the second quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $169,000 after purchasing an additional 158 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a specialty consumer-finance and retail company focused primarily on pawn-based lending. Through its pawn stores, the company provides short-term, non-recourse loans secured by personal property, allowing customers to obtain cash without traditional credit underwriting. Customers may repay the loan and reclaim the pledged item or forfeit the collateral under applicable regulations.

FirstCash also generates revenue by selling merchandise obtained through forfeited pawn loans and by purchasing used goods directly from consumers.