FirstCash (NASDAQ:FCFS) Stock Rating Reaffirmed as Overweight by Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reiterated by analysts at Stephens in a research report issued on Thursday, Benzinga reports. They presently have a $250.00 target price on the stock. Stephens’ price objective indicates a potential upside of 18.35% from the company’s previous close.

FCFS has been the topic of several other reports. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Loop Capital raised 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. TD Cowen increased their price target on FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen raised FirstCash from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, FirstCash presently has an average rating of “Moderate Buy” and a consensus price target of $249.25.

FirstCash Price Performance

NASDAQ FCFS opened at $211.23 on Thursday. The business’s fifty day moving average price is $215.39 and its 200-day moving average price is $214.07. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 24.11 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. FirstCash has a 1-year low of $146.08 and a 1-year high of $238.93.

FirstCash (NASDAQ:FCFS) last released 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 analysts’ expectations of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 EPS. On average, equities analysts predict that FirstCash will post 11.85 earnings per share for the current year.

Insider Buying and Selling

In other FirstCash news, COO Thomas Stuart sold 5,348 shares of the firm’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 sale, the chief operating officer directly owned 135,498 shares of the company’s stock, valued at $29,081,935.74. This trade represents a 3.80% decrease in their ownership of the stock. The transaction 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, CFO R. Orr sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $216.00, for a total value of $432,000.00. Following the sale, the chief financial officer directly owned 34,734 shares in the company, valued at approximately $7,502,544. This represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,098 shares of company stock valued at $3,051,281 in the last 90 days. 2.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On FirstCash

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in FirstCash during the second quarter valued at about $1,088,429,000. Bank of America Corp DE bought a new stake in FirstCash during the second quarter valued at about $248,059,000. Geode Capital Management LLC raised its holdings in FirstCash by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after acquiring an additional 31,550 shares during the period. Sei Investments Co. raised its holdings in FirstCash by 2.2% during the first quarter. Sei Investments Co. now owns 794,005 shares of the company’s stock valued at $149,273,000 after acquiring an additional 17,177 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in FirstCash by 27.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 537,734 shares of the company’s stock valued at $85,704,000 after acquiring an additional 115,279 shares during the period. 80.30% of the stock is owned by institutional investors.

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.