FirstCash (NASDAQ:FCFS) Stock Keeps “Overweight” Rating at Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reiterated by stock analysts at Stephens in a report released on Thursday, Benzinga reports. They currently have a $250.00 price target on the stock. Stephens’ target price indicates a potential upside of 20.58% from the company’s previous close.

Several other research analysts also recently commented on FCFS. Weiss Ratings downgraded FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price target on the stock in a research report on Monday, August 10th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised FirstCash from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, TD Cowen lifted their price objective on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FirstCash presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.25.

FirstCash Stock Performance

NASDAQ FCFS traded down $3.90 during trading on Thursday, hitting $207.33. The company’s stock had a trading volume of 28,796 shares, compared to its average volume of 378,879. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average price of $215.39 and a 200 day moving average price of $214.07. The firm has a market cap of $8.99 billion, a P/E ratio of 23.81 and a beta of 0.53. FirstCash has a 52 week low of $146.08 and a 52 week high of $238.93.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.39 by $0.11. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%.The company’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. Equities research analysts forecast that FirstCash will post 11.85 earnings per share for the current fiscal year.

Insider Transactions at FirstCash

In related news, COO Thomas Stuart sold 5,348 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $214.63, for a total value of $1,147,841.24. Following the sale, the chief operating officer owned 135,498 shares of the company’s stock, valued at $29,081,935.74. The trade was a 3.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James H. Graves sold 3,750 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the sale, the director directly owned 11,929 shares in the company, valued at approximately $2,638,694.80. This represents a 23.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,098 shares of company stock worth $3,051,281 over the last quarter. 2.86% of the stock is owned by company insiders.

Institutional Trading of FirstCash

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in FirstCash in the 2nd quarter valued at $1,088,429,000. Bank of America Corp DE acquired a new stake in FirstCash in the 2nd quarter valued at $248,059,000. Geode Capital Management LLC boosted its stake in FirstCash by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after buying an additional 31,550 shares in the last quarter. Sei Investments Co. boosted its stake in FirstCash by 2.2% in the 1st quarter. Sei Investments Co. now owns 794,005 shares of the company’s stock valued at $149,273,000 after buying an additional 17,177 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in FirstCash by 9.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock valued at $89,296,000 after buying an additional 40,535 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

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.