FirstCash (NASDAQ:FCFS) Trading Down 8.3% – Should You Sell?

FirstCash Holdings, Inc. (NASDAQ:FCFS)’s stock price fell 8.3% on Thursday . The company traded as low as $192.08 and last traded at $191.4460. 303,373 shares were traded during trading, a decline of 16% from the average session volume of 362,340 shares. The stock had previously closed at $208.74.

Analysts Set New Price Targets

A number of analysts have issued reports on FCFS shares. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. TD Cowen raised their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Canaccord Genuity Group increased their target price on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and a consensus price target of $199.25.

FirstCash Trading Down 5.9%

The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98. The company has a market cap of $8.61 billion, a PE ratio of 24.67 and a beta of 0.53. The company has a fifty day simple moving average of $220.78 and a two-hundred day simple moving average of $200.84.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data 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 18.68% and a net margin of 9.15%.The business’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Analysts anticipate that FirstCash Holdings, Inc. will post 11.33 EPS for the current year.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the sale, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at $8,121,980.86. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Raul Ramos sold 6,835 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $225.23, for a total value of $1,539,447.05. Following the sale, the senior vice president directly owned 20,400 shares in the company, valued at $4,594,692. This trade represents a 25.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,500 shares of company stock worth $6,243,104. 2.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FirstCash

Several large investors have recently modified their holdings of FCFS. JPMorgan Chase & Co. raised its stake in FirstCash by 133.8% during the 4th quarter. JPMorgan Chase & Co. now owns 562,104 shares of the company’s stock valued at $89,588,000 after acquiring an additional 321,663 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of FirstCash by 36.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock valued at $186,361,000 after purchasing an additional 312,132 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of FirstCash by 67.6% in the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock valued at $97,503,000 after purchasing an additional 251,305 shares during the period. Alliancebernstein L.P. raised its stake in shares of FirstCash by 280.5% during the third quarter. Alliancebernstein L.P. now owns 305,856 shares of the company’s stock worth $48,454,000 after purchasing an additional 225,466 shares during the last quarter. Finally, Candriam S.C.A. purchased a new stake in shares of FirstCash during the first quarter worth approximately $28,371,000. 80.30% of the stock is owned by institutional investors and hedge funds.

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.