FirstCash Holdings, Inc. (NASDAQ:FCFS) Receives Consensus Rating of "Buy" from Analysts

Key Points

• FirstCash Holdings, Inc. has received an average analyst rating of "Buy" from eight brokerages, with a 12-month price target averaging $154.40.
• Recent insider transactions reveal that CFO R Douglas Orr sold 2,852 shares, while CEO Rick L. Wessel sold 30,976 shares, reflecting a decrease in their respective ownership percentages.
• FirstCash reported quarterly earnings of $1.79 per share, exceeding analyst expectations and demonstrating year-over-year revenue growth of 0.0%.

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Get Free Report) have been given an average rating of "Buy" by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $154.40.

A number of research firms have recently weighed in on FCFS. Zacks Research raised shares of FirstCash from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Weiss Ratings reissued a "buy (b)" rating on shares of FirstCash in a research report on Wednesday, October 8th. Cowen reiterated a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. Capital One Financial set a $160.00 price target on FirstCash in a report on Tuesday, August 5th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $200.00 target price on shares of FirstCash in a research note on Monday, October 6th.

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,852 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $159.72, for a total value of $455,521.44. Following the sale, the chief financial officer owned 39,734 shares in the company, valued at approximately $6,346,314.48. This represents a 6.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rick L. Wessel sold 30,976 shares of FirstCash stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the transaction, the chief executive officer directly owned 901,982 shares in the company, valued at $125,673,152.06. This trade represents a 3.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,000 shares of company stock worth $16,690,723 over the last quarter. 2.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FirstCash

A number of institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in FirstCash during the 2nd quarter valued at $25,000. IFP Advisors Inc increased its position in FirstCash by 181.6% in the second quarter. IFP Advisors Inc now owns 290 shares of the company's stock worth $39,000 after buying an additional 187 shares during the period. CX Institutional increased its position in FirstCash by 24.7% in the 2nd quarter. CX Institutional now owns 434 shares of the company's stock valued at $59,000 after acquiring an additional 86 shares during the period. Bayforest Capital Ltd increased its stake in FirstCash by 169.9% during the 2nd quarter. Bayforest Capital Ltd now owns 448 shares of the company's stock valued at $61,000 after buying an additional 282 shares during the period. Finally, CWM LLC grew its holdings in shares of FirstCash by 92.9% in the 1st quarter. CWM LLC now owns 517 shares of the company's stock worth $62,000 after acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Price Performance

FCFS stock opened at $154.13 on Friday. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. FirstCash has a 12-month low of $100.24 and a 12-month high of $163.01. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 23.68 and a beta of 0.69. The firm's 50-day moving average price is $150.09 and its two-hundred day moving average price is $136.82.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business had revenue of $830.62 million for the quarter, compared to the consensus estimate of $820.42 million. During the same period in the previous year, the firm earned $1.37 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts predict that FirstCash will post 7.7 earnings per share for the current year.

FirstCash Company Profile

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.

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