FirstCash’s (FCFS) “Overweight” Rating Reaffirmed at Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a report issued on Thursday, Benzinga reports. They currently have a $250.00 target price on the stock. Stephens’ price objective suggests a potential upside of 18.35% from the stock’s current price.

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

FirstCash Trading Down 0.7%

NASDAQ FCFS opened at $211.23 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51. FirstCash has a 12 month low of $146.08 and a 12 month high of $238.93. The company’s fifty day moving average price is $215.39 and its two-hundred day moving average price is $214.07. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 24.11 and a beta of 0.53.

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

Insider Transactions at FirstCash

In related news, insider Howard Hambleton sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the transaction, the insider owned 30,406 shares in the company, valued at approximately $6,475,869.88. This represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Stuart sold 5,348 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $214.63, for a total transaction of $1,147,841.24. Following the transaction, the chief operating officer owned 135,498 shares in the company, valued at $29,081,935.74. This represents a 3.80% 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 have sold 14,098 shares of company stock valued at $3,051,281 in the last quarter. Corporate insiders own 2.86% of the company’s stock.

Institutional Trading of FirstCash

Several hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. bought a new position in FirstCash during the second quarter worth $247,000. Sequoia Financial Advisors LLC lifted its position in shares of FirstCash by 6.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,721 shares of the company’s stock worth $805,000 after acquiring an additional 218 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of FirstCash during the 2nd quarter worth approximately $1,696,000. Integrated Wealth Concepts LLC grew its holdings in shares of FirstCash by 4.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,239 shares of the company’s stock worth $1,566,000 after purchasing an additional 299 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of FirstCash by 5.1% in the second quarter. Baird Financial Group Inc. now owns 3,793 shares of the company’s stock valued at $821,000 after purchasing an additional 185 shares in the last quarter. Institutional investors 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.