FirstCash Holdings, Inc. (NASDAQ:FCFS) Receives $249.00 Consensus Target Price from Brokerages

FirstCash Holdings, Inc. (NASDAQ:FCFS) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $249.00.

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

FirstCash Trading Up 1.9%

Shares of FirstCash stock opened at $224.07 on Friday. The firm has a market cap of $9.72 billion, a PE ratio of 25.58 and a beta of 0.53. FirstCash has a 1 year low of $144.56 and a 1 year high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. The stock has a fifty day moving average price of $214.37 and a 200-day moving average price of $208.62.

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. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities research analysts anticipate that FirstCash will post 11.85 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 14th. FirstCash’s payout ratio is currently 19.18%.

Insider Buying and Selling at FirstCash

In other FirstCash news, SVP Raul Ramos sold 6,835 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the sale, the senior vice president directly owned 20,400 shares of the company’s stock, valued at $4,594,692. This represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Howard F. Hambleton sold 2,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total transaction of $425,960.00. Following the transaction, the insider owned 30,406 shares of the company’s stock, valued at $6,475,869.88. This represents a 6.17% 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. Insiders sold 17,183 shares of company stock valued at $3,761,228 in the last three months. 2.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC bought a new stake in FirstCash during the 1st quarter valued at $26,000. Geneos Wealth Management Inc. bought a new position in shares of FirstCash in the first quarter worth $29,000. CIBC Private Wealth Group LLC grew its position in shares of FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares in the last quarter. High Point Wealth Management LLC purchased a new position in shares of FirstCash in the fourth quarter valued at $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of FirstCash in the second quarter valued at $34,000. 80.30% of the stock is owned by institutional investors.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.