FirstCash Holdings, Inc. (NASDAQ:FCFS) Given Average Rating of “Buy” by Analysts

FirstCash Holdings, Inc. (NASDAQ:FCFS) has been given an average rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $198.00.

Several analysts have weighed in on FCFS shares. Canaccord Genuity Group lifted their target price on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. TD Cowen lifted their target price on FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Finally, Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th.

Insiders Place Their Bets

In related news, SVP Raul Ramos sold 3,165 shares of FirstCash stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $231.13, for a total value of $731,526.45. Following the transaction, the senior vice president directly owned 27,235 shares in the company, valued at $6,294,825.55. The trade was a 10.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, May 18th. The stock was sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the transaction, the chief financial officer owned 35,734 shares in the company, valued at $8,121,980.86. The trade was a 5.30% 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. Over the last ninety days, insiders sold 20,665 shares of company stock worth $4,703,656. Corporate insiders own 2.86% of the company’s stock.

Hedge Funds Weigh In On FirstCash

A number of hedge funds have recently modified their holdings of the stock. Harbor Investment Advisory LLC purchased a new position in shares of FirstCash during the first quarter valued at $26,000. Rothschild Investment LLC grew its holdings in shares of FirstCash by 127.8% during the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after buying an additional 101 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of FirstCash during the first quarter valued at $29,000. CIBC Private Wealth Group LLC grew its holdings in shares of FirstCash by 490.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after buying an additional 162 shares in the last quarter. Finally, Community Bank N.A. purchased a new position in shares of FirstCash during the third quarter valued at $32,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Trading Up 1.3%

NASDAQ:FCFS opened at $225.44 on Friday. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $213.54 and its two-hundred day moving average is $186.70. FirstCash has a 52 week low of $119.21 and a 52 week high of $235.97. The company has a market cap of $9.88 billion, a PE ratio of 28.25 and a beta of 0.52.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.39. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 EPS. On average, analysts predict that FirstCash will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.7%. FirstCash’s dividend payout ratio (DPR) is 21.05%.

FirstCash Company Profile

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.