FirstCash Holdings, Inc. (NASDAQ:FCFS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $199.25.

FCFS has been the topic of a number of analyst reports. Wall Street Zen cut shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings cut shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, July 24th. TD Cowen upped their price target on shares of FirstCash from $235.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Canaccord Genuity Group raised their price objective on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research note on Friday, April 24th.

Insiders Place Their Bets

In other FirstCash news, insider Howard F. Hambleton sold 3,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total value of $679,230.00. Following the transaction, the insider owned 32,406 shares of the company’s stock, valued at $7,337,042.46. This represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer owned 140,846 shares in the company, valued at approximately $32,181,902.54. The trade was a 6.63% 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. Insiders have sold 26,000 shares of company stock worth $5,917,004 in the last 90 days. 2.86% of the stock is owned by insiders.

Institutional Investors Weigh In On FirstCash

A number of institutional investors and hedge funds have recently bought and sold shares of FCFS. Vaughan Nelson Investment Management L.P. increased its stake in shares of FirstCash by 9.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 474,977 shares of the company’s stock valued at $89,296,000 after buying an additional 40,535 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in FirstCash by 70,840.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,983 shares of the company’s stock worth $7,010,000 after acquiring an additional 43,921 shares in the last quarter. Fourth Sail Capital LP purchased a new position in FirstCash during the 4th quarter valued at about $17,439,000. Brant Point Investment Management LLC bought a new stake in shares of FirstCash in the 4th quarter valued at about $2,391,000. Finally, Oak Ridge Investments LLC purchased a new stake in shares of FirstCash in the 4th quarter worth approximately $1,857,000. 80.30% of the stock is owned by institutional investors.

FirstCash Stock Performance

Shares of FCFS opened at $204.01 on Monday. The stock has a market capitalization of $8.85 billion, a PE ratio of 23.29 and a beta of 0.53. The company’s fifty day moving average is $217.36 and its 200 day moving average is $202.74. 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 fifty-two week low of $128.90 and a fifty-two week high of $235.97.

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

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, August 14th. FirstCash’s dividend payout ratio is presently 19.18%.

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.