FirstCash Holdings, Inc. (FCFS) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts remain broadly bullish: FirstCash has a “Moderate Buy” consensus, with five buy ratings and one hold. The average 12-month price target is $249.75, above the reported $213.70 share price.
• Quarterly results exceeded expectations: FirstCash reported $2.50 in EPS versus the $2.39 consensus estimate and $1.07 billion in revenue versus $1.03 billion expected. Revenue increased 29.4% year over year.
• The company maintains shareholder returns and strong institutional backing: FirstCash declared a $0.42 quarterly dividend, while institutional investors own approximately 80.3% of outstanding shares. Insiders sold 14,098 shares worth about $3.05 million during the latest quarter.

FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $249.75.

A number of brokerages have recently weighed in on FCFS. TD Cowen increased their price objective on FirstCash from $240.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen downgraded FirstCash from a "buy" rating to a "hold" rating in a report on Saturday. Loop Capital upgraded FirstCash from a "hold" rating to a "buy" rating and set a $255.00 target price on the stock in a research report on Monday, August 10th. Stephens reissued an "overweight" rating and set a $250.00 price target on shares of FirstCash in a research report on Thursday, October 1st. Finally, Weiss Ratings raised shares of FirstCash from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday.

FirstCash Trading Up 1.0%

NASDAQ:FCFS opened at $213.70 on Friday. The company has a market capitalization of $9.27 billion, a P/E ratio of 24.39 and a beta of 0.55. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. FirstCash has a 12 month low of $146.77 and a 12 month high of $238.93. The firm has a fifty day simple moving average of $216.66 and a 200-day simple moving average of $214.92.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a return on equity of 19.65% and a net margin of 9.42%. The firm's revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. On average, equities research analysts anticipate that FirstCash will post 11.59 earnings per share for the current year.

FirstCash Announces Dividend

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

Insider Buying and Selling

In other FirstCash news, insider Howard F. Hambleton sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $212.98, for a total value of $425,960.00. Following the completion of the transaction, the insider directly owned 30,406 shares of the company's stock, valued at approximately $6,475,869.88. The trade was a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R. Orr sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $216.00, for a total value of $432,000.00. Following the completion of the sale, the chief financial officer owned 34,734 shares in the company, valued at approximately $7,502,544. This represents a 5.44% 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 sold a total of 14,098 shares of company stock valued at $3,051,281 over the last quarter. 2.86% of the stock is currently owned by company insiders.

Institutional Trading of FirstCash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new position in shares of FirstCash in the first quarter worth about $26,000. Geneos Wealth Management Inc. acquired a new stake in shares of FirstCash during the 1st quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of FirstCash during the 2nd quarter valued at about $34,000. Assetmark Inc. increased its stake in shares of FirstCash by 113.2% in the 1st quarter. Assetmark Inc. now owns 194 shares of the company's stock valued at $36,000 after purchasing an additional 103 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of FirstCash by 531.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company's stock valued at $41,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

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.

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