Analysts Set FirstCash Holdings, Inc. (NASDAQ:FCFS) PT at $198.00

FirstCash Holdings, Inc. (NASDAQ:FCFS) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $199.25.

Several equities research analysts have issued reports on FCFS shares. TD Cowen lifted their price target on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. Zacks Research downgraded FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group lifted their price target 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.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $215.64 on Thursday. The company’s fifty day moving average price is $222.76 and its 200-day moving average price is $197.12. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 27.02 and a beta of 0.53. FirstCash has a one year low of $119.21 and a one year high of $235.97.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm posted $2.07 EPS. The firm’s revenue was up 25.7% compared to the same quarter last year. On average, equities research analysts anticipate that FirstCash will post 11.3 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Insider Buying and Selling

In other news, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction dated 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 in the company, valued at approximately $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $217.40, for a total value of $326,100.00. Following the completion of the sale, the director directly owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This trade represents a 18.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock worth $6,243,104 over the last 90 days. Insiders own 2.86% of the company’s stock.

Institutional Trading of FirstCash

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of FirstCash by 36.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,169,281 shares of the company’s stock worth $186,361,000 after purchasing an additional 312,132 shares during the last quarter. Geode Capital Management LLC raised its holdings in FirstCash by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after buying an additional 31,550 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of FirstCash by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,009,170 shares of the company’s stock valued at $160,850,000 after acquiring an additional 5,626 shares during the period. Sei Investments Co. raised its stake in shares of FirstCash by 2.2% during the first 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 last quarter. Finally, AQR Capital Management LLC raised its stake in shares of FirstCash by 67.6% during the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock valued at $97,503,000 after acquiring an additional 251,305 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

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.