FirstCash’s (FCFS) Overweight Rating Reiterated at Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reissued by stock analysts at Stephens in a research note issued to investors on Thursday, Benzinga reports. They currently have a $250.00 price objective on the stock. Stephens’ price objective suggests a potential upside of 20.30% from the company’s current price.

Several other research firms also recently weighed in on FCFS. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price for the company in a research report on Monday, August 10th. Weiss Ratings lowered shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of FirstCash from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, TD Cowen upped 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.25.

FirstCash Trading Down 1.6%

Shares of FCFS stock traded down $3.41 during trading on Thursday, hitting $207.82. 69,629 shares of the stock traded hands, compared to its average volume of 379,114. The firm has a market capitalization of $9.01 billion, a P/E ratio of 23.69 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. The firm’s fifty day moving average price is $215.39 and its 200-day moving average price is $214.07. FirstCash has a 52-week low of $146.08 and a 52-week high of $238.93.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS 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 net margin of 9.42% and a return on equity of 19.65%. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, research analysts forecast that FirstCash will post 11.85 earnings per share for the current fiscal year.

Insider Buying and Selling at FirstCash

In other news, Director James Graves sold 3,750 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total transaction of $829,500.00. Following the completion of the sale, the director owned 11,929 shares in the company, valued at approximately $2,638,694.80. This represents a 23.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO R. Orr sold 2,000 shares of the 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 transaction, the chief financial officer directly owned 34,734 shares of the company’s stock, valued at $7,502,544. This represents a 5.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,098 shares of company stock worth $3,051,281 over the last three months. 2.86% of the stock is currently owned by corporate insiders.

Institutional Trading of FirstCash

Several large investors have recently modified their holdings of FCFS. Villanova Investment Management Co LLC boosted its position in FirstCash by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock worth $2,037,000 after acquiring an additional 54 shares during the last quarter. Root Financial Partners LLC boosted its position 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 during the last quarter. Arista Wealth Management LLC boosted its position in FirstCash by 1.4% during the second quarter. Arista Wealth Management LLC now owns 4,193 shares of the company’s stock worth $907,000 after acquiring an additional 56 shares during the last quarter. State of Michigan Retirement System boosted its position in FirstCash by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company’s stock worth $1,751,000 after acquiring an additional 100 shares during the last quarter. Finally, Assetmark Inc. boosted its position in FirstCash by 113.2% during the first quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after acquiring an additional 103 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

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.