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

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reissued by Stephens in a note issued to investors on Thursday, Benzinga reports. They presently have a $250.00 price objective on the stock. Stephens’ target price would indicate a potential upside of 18.58% from the stock’s current price.

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

FirstCash Price Performance

Shares of NASDAQ:FCFS traded up $0.46 during midday trading on Thursday, hitting $210.82. The stock had a trading volume of 7,145 shares, compared to its average volume of 380,224. The company’s 50-day moving average price is $216.00 and its 200-day moving average price is $214.48. FirstCash has a fifty-two week low of $146.77 and a fifty-two week high of $238.93. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $9.14 billion, a P/E ratio of 24.12 and a beta of 0.55.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.11. The business had revenue of $1.07 billion for 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 firm’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. As a group, equities research analysts predict that FirstCash will post 11.85 EPS for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On FirstCash

A number of hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in shares of FirstCash in the 1st quarter worth about $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of FirstCash during the 1st quarter worth approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of FirstCash in the 2nd quarter valued at $34,000. Assetmark Inc. lifted its position in shares of FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $36,000 after acquiring an additional 103 shares during the period. Finally, Root Financial Partners LLC boosted its stake in FirstCash by 29.6% during the first quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

FirstCash Company Profile

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.