FirstCash (NASDAQ:FCFS) Earns Overweight Rating from Analysts at Stephens

Stephens assumed coverage on shares of FirstCash (NASDAQ:FCFS) in a report published on Wednesday, Marketbeat reports. The firm issued an overweight rating and a $137.00 price target on the stock.

Separately, TD Cowen lowered their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th.

FirstCash Trading Down 0.9 %

Shares of NASDAQ FCFS opened at $105.77 on Wednesday. The stock has a market cap of $4.73 billion, a P/E ratio of 19.59 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. FirstCash has a 1 year low of $101.62 and a 1 year high of $133.64. The firm has a 50-day moving average of $111.90 and a 200 day moving average of $112.66.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.56 EPS. As a group, sell-side analysts expect that FirstCash will post 6.61 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 15th. FirstCash’s dividend payout ratio is currently 28.15%.

Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the sale, the director now owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,154 shares of company stock worth $1,909,562 over the last three months. 14.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. Earnest Partners LLC grew its holdings in FirstCash by 2.4% during the second quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock valued at $245,879,000 after purchasing an additional 55,919 shares during the period. State Street Corp increased its position in FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after buying an additional 28,415 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FirstCash by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,057,049 shares of the company’s stock worth $110,867,000 after buying an additional 15,780 shares during the period. Finally, Hood River Capital Management LLC lifted its position in shares of FirstCash by 6.3% during the 1st quarter. Hood River Capital Management LLC now owns 879,700 shares of the company’s stock valued at $112,197,000 after buying an additional 52,362 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.