FirstCash (NASDAQ:FCFS) Cut to "Buy" at Wall Street Zen

FirstCash (NASDAQ:FCFS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

FirstCash Stock Down 0.6%

Shares of FCFS traded down $0.85 during midday trading on Friday, reaching $130.58. 113,009 shares of the stock were exchanged, compared to its average volume of 277,638. FirstCash has a 52 week low of $100.24 and a 52 week high of $138.42. The company has a market capitalization of $5.79 billion, a P/E ratio of 20.92 and a beta of 0.62. The company has a current ratio of 4.39, a quick ratio of 3.28 and a debt-to-equity ratio of 0.83. The company's 50 day moving average is $130.64 and its two-hundred day moving average is $121.30.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.32. The business had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. The business's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. On average, sell-side analysts anticipate that FirstCash will post 7.7 earnings per share for the current year.

Insider Activity at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider directly owned 32,481 shares in the company, valued at $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.77% of the stock is currently owned by corporate insiders.

Institutional Trading of FirstCash

Several hedge funds and other institutional investors have recently made changes to their positions in FCFS. CX Institutional grew its position in FirstCash by 24.7% in the 2nd quarter. CX Institutional now owns 434 shares of the company's stock worth $59,000 after purchasing an additional 86 shares during the last quarter. Xponance Inc. lifted its holdings in shares of FirstCash by 1.6% during the 1st quarter. Xponance Inc. now owns 5,552 shares of the company's stock worth $668,000 after acquiring an additional 87 shares during the period. MBM Wealth Consultants LLC lifted its holdings in FirstCash by 1.6% during the 1st quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock valued at $693,000 after purchasing an additional 90 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of FirstCash by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company's stock worth $1,121,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in FirstCash by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock valued at $1,311,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 80.30% of the company's stock.

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.