FirstCash Holdings, Inc. (NASDAQ:FCFS) Receives $177.50 Consensus Price Target from Brokerages

FirstCash Holdings, Inc. (NASDAQ:FCFS) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $177.50.

A number of brokerages have recently commented on FCFS. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of FirstCash in a report on Monday, December 29th. Zacks Research downgraded shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Canaccord Genuity Group set a $217.00 price target on shares of FirstCash in a research report on Friday, February 6th.

FirstCash Stock Performance

NASDAQ FCFS opened at $192.79 on Friday. The firm’s fifty day moving average price is $172.04 and its two-hundred day moving average price is $159.93. The stock has a market cap of $8.48 billion, a PE ratio of 25.98 and a beta of 0.46. FirstCash has a fifty-two week low of $109.51 and a fifty-two week high of $193.96. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, February 5th. The company reported $2.64 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.10. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.01 billion. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.FirstCash’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 EPS. On average, equities analysts expect that FirstCash will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 18th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, February 18th. FirstCash’s dividend payout ratio is presently 22.64%.

Insider Buying and Selling

In other FirstCash news, insider Howard F. Hambleton sold 4,000 shares of FirstCash stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $185.12, for a total transaction of $740,480.00. Following the transaction, the insider directly owned 35,406 shares of the company’s stock, valued at approximately $6,554,358.72. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $182.53, for a total value of $1,825,300.00. Following the completion of the sale, the chief operating officer directly owned 150,846 shares of the company’s stock, valued at approximately $27,533,920.38. The trade was a 6.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,500 shares of company stock valued at $5,438,945 in the last three months. Insiders own 14.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Villanova Investment Management Co LLC boosted its position in shares of FirstCash by 0.4% during the 4th 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 in the last quarter. Invesco Ltd. boosted its holdings in shares of FirstCash by 8.5% during the 4th quarter. Invesco Ltd. now owns 319,972 shares of the company’s stock worth $50,997,000 after buying an additional 25,001 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of FirstCash during the 4th quarter worth approximately $155,000. Mercer Global Advisors Inc. ADV grew its position in shares of FirstCash by 16.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,473 shares of the company’s stock worth $713,000 after buying an additional 632 shares during the period. Finally, Coastal Bridge Advisors LLC increased its stake in shares of FirstCash by 13.0% in the 4th quarter. Coastal Bridge Advisors LLC now owns 9,709 shares of the company’s stock valued at $1,547,000 after acquiring an additional 1,117 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

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.