Brokerages Set FirstCash Holdings, Inc. (NASDAQ:FCFS) Price Target at $249.00

FirstCash Holdings, Inc. (NASDAQ:FCFS) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $249.00.

FCFS has been the topic of several recent research reports. Wall Street Zen downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Loop Capital upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a report on Monday, August 10th. Weiss Ratings cut shares of FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, TD Cowen increased their target price on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th.

FirstCash Stock Up 0.0%

FCFS stock opened at $218.99 on Tuesday. The company’s 50 day simple moving average is $214.83 and its 200-day simple moving average is $212.65. The firm has a market capitalization of $9.50 billion, a PE ratio of 25.00 and a beta of 0.53. FirstCash has a 12 month low of $145.42 and a 12 month high of $238.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51.

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

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 14th. FirstCash’s dividend payout ratio (DPR) is 19.18%.

Insider Transactions at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total value of $425,960.00. Following the transaction, the insider owned 30,406 shares of the company’s stock, valued at $6,475,869.88. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James H. Graves sold 3,750 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $221.20, for a total transaction of $829,500.00. Following the completion of the transaction, the director directly owned 11,929 shares in the company, valued at $2,638,694.80. This represents a 23.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,098 shares of company stock valued at $3,051,281 over the last 90 days. Insiders own 2.86% of the company’s stock.

Institutional Investors Weigh In On FirstCash

Several large investors have recently added to or reduced their stakes in FCFS. Sequoia Financial Advisors LLC grew its stake in shares of FirstCash by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 3,721 shares of the company’s stock worth $805,000 after purchasing an additional 218 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of FirstCash during the 2nd quarter valued at $1,696,000. Integrated Wealth Concepts LLC increased its position in shares of FirstCash by 4.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,239 shares of the company’s stock valued at $1,566,000 after purchasing an additional 299 shares during the period. Baird Financial Group Inc. raised its stake in shares of FirstCash by 5.1% in the 2nd quarter. Baird Financial Group Inc. now owns 3,793 shares of the company’s stock worth $821,000 after buying an additional 185 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of FirstCash by 25.4% in the 2nd quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $169,000 after buying an additional 158 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a specialty consumer-finance and retail company focused primarily on pawn-based lending. Through its pawn stores, the company provides short-term, non-recourse loans secured by personal property, allowing customers to obtain cash without traditional credit underwriting. Customers may repay the loan and reclaim the pledged item or forfeit the collateral under applicable regulations.

FirstCash also generates revenue by selling merchandise obtained through forfeited pawn loans and by purchasing used goods directly from consumers.