FirstCash (FCFS) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of FirstCash (NYSE:FCFS) from a hold rating to a buy rating in a research note issued to investors on Thursday.
Several other research firms have also recently commented on FCFS. Zacks Investment Research cut FirstCash from a buy rating to a hold rating in a research note on Friday, January 5th. Wedbush reaffirmed an outperform rating and set a $83.00 target price (up previously from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $71.83.
Shares of FirstCash (NYSE:FCFS) opened at $74.65 on Thursday. FirstCash has a one year low of $43.00 and a one year high of $76.20. The company has a market capitalization of $3,480.00 and a P/E ratio of 30.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, February 13th. This is a boost from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s dividend payout ratio (DPR) is 36.07%.
In other news, insider Thomas Brent Stuart acquired 1,080 shares of FirstCash stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the purchase, the insider now owns 8,283 shares of the company’s stock, valued at approximately $609,960.12. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 1,185 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $75.00, for a total value of $88,875.00. Following the completion of the sale, the chief financial officer now directly owns 168,815 shares of the company’s stock, valued at approximately $12,661,125. The disclosure for this sale can be found here. Company insiders own 2.75% of the company’s stock.
A number of institutional investors have recently made changes to their positions in FCFS. Cornerstone Capital Management Holdings LLC. acquired a new stake in FirstCash in the third quarter valued at approximately $1,736,000. Grandeur Peak Global Advisors LLC acquired a new stake in FirstCash in the third quarter valued at approximately $54,801,000. Earnest Partners LLC grew its stake in FirstCash by 1.6% in the third quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock valued at $93,090,000 after acquiring an additional 22,690 shares during the period. Zions Bancorporation acquired a new stake in FirstCash in the third quarter valued at approximately $230,000. Finally, California Public Employees Retirement System grew its stake in FirstCash by 3.9% in the third quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock valued at $10,510,000 after acquiring an additional 6,211 shares during the period. 91.47% of the stock is owned by hedge funds and other institutional investors.
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FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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