FirstCash (NASDAQ:FCFS) Stock Rating Lowered by Zacks Research

FirstCash (NASDAQ:FCFS) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on FCFS. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings lowered FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Canaccord Genuity Group boosted their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, TD Cowen increased their price objective on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, FirstCash has a consensus rating of “Moderate Buy” and a consensus target price of $198.00.

FirstCash Trading Down 1.9%

FirstCash stock opened at $219.17 on Tuesday. FirstCash has a 12 month low of $119.21 and a 12 month high of $235.97. 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 stock has a market cap of $9.61 billion, a P/E ratio of 27.47 and a beta of 0.52. The company’s fifty day simple moving average is $220.76 and its 200-day simple moving average is $193.00.

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, topping the consensus estimate 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%.FirstCash’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the company earned $2.07 earnings per share. As a group, sell-side analysts forecast that FirstCash will post 11.3 EPS for the current fiscal year.

Insider Activity at FirstCash

In other FirstCash news, COO Thomas Brent Stuart sold 10,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer owned 140,846 shares of the company’s stock, valued at $32,181,902.54. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Howard F. Hambleton sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total value of $679,230.00. Following the completion of the sale, the insider directly owned 32,406 shares of the company’s stock, valued at $7,337,042.46. This represents a 8.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 27,500 shares of company stock valued at $6,243,104. Insiders own 2.86% of the company’s stock.

Institutional Investors Weigh In On FirstCash

A number of large investors have recently added to or reduced their stakes in the stock. Villanova Investment Management Co LLC raised its position in shares of FirstCash by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock valued at $2,037,000 after purchasing an additional 54 shares during the period. Root Financial Partners LLC grew its stake in FirstCash by 29.6% in the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock valued at $46,000 after buying an additional 56 shares during the last quarter. Ascent Group LLC grew its stake in FirstCash by 6.0% in the 4th quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock valued at $227,000 after buying an additional 81 shares during the last quarter. Pullen Investment Management LLC raised its holdings in FirstCash by 0.4% in the 4th quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock worth $3,230,000 after acquiring an additional 87 shares during the period. Finally, Yousif Capital Management LLC lifted its position in FirstCash by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 8,260 shares of the company’s stock worth $1,393,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

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.