FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Has Consensus Target Price of $249.75 According to Brokerages

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $249.75.

Several brokerages have recently weighed in on FCFS. Loop Capital raised shares of 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. Stephens restated an “overweight” rating and set a $250.00 price objective on shares of FirstCash in a research report on Thursday, October 1st. TD Cowen lifted their target price on shares of FirstCash from $240.00 to $242.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen lowered shares of FirstCash from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd.

FirstCash Stock Up 1.0%

NASDAQ FCFS opened at $213.70 on Friday. The business has a fifty day moving average price of $216.66 and a 200 day moving average price of $214.92. The company has a market cap of $9.27 billion, a P/E ratio of 24.39 and a beta of 0.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. FirstCash has a one year low of $146.77 and a one year high of $238.93.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.34 earnings per share. FirstCash’s quarterly revenue was up 29.4% on a year-over-year basis. Research analysts anticipate that FirstCash will post 11.59 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.42 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio is currently 19.18%.

Insiders Place Their Bets

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

Institutional Trading of FirstCash

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in FirstCash during the second quarter worth about $1,088,429,000. Bank of America Corp DE acquired a new stake in shares of FirstCash during the second quarter valued at about $248,059,000. Sei Investments Co. raised its stake in shares of 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 acquiring an additional 17,177 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of FirstCash by 9.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock worth $89,296,000 after acquiring an additional 40,535 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of FirstCash in the 2nd quarter worth approximately $69,779,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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.