FirstCash Holdings, Inc. (NASDAQ:FCFS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $198.00.

Several analysts recently issued reports on the company. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. TD Cowen raised their target price on shares of FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Canaccord Genuity Group increased their price objective on shares of FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the transaction, the insider directly owned 32,406 shares of the company’s stock, valued at approximately $7,337,042.46. This represents a 8.47% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the transaction, the chief operating officer owned 140,846 shares of the company’s stock, valued at $32,181,902.54. This represents a 6.63% 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 27,500 shares of company stock valued at $6,243,104 in the last ninety days. Company insiders own 2.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FCFS. Harbor Investment Advisory LLC bought a new position in FirstCash during the first quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new position in shares of FirstCash in the 1st quarter worth $29,000. CIBC Private Wealth Group LLC increased its holdings in shares of FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock worth $31,000 after buying an additional 162 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of FirstCash during the 3rd quarter valued at about $32,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of FirstCash during the 4th quarter valued at about $33,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Performance

Shares of FirstCash stock opened at $224.66 on Thursday. FirstCash has a 12 month low of $119.21 and a 12 month high of $235.97. The firm has a market capitalization of $9.85 billion, a P/E ratio of 28.15 and a beta of 0.53. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $222.71 and a two-hundred day simple moving average of $196.30.

FirstCash (NASDAQ:FCFS) last announced 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 analysts’ expectations of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.07 earnings per share. On average, equities analysts forecast that FirstCash will post 11.3 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. FirstCash’s payout ratio is currently 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.