FirstCash Holdings, Inc. (NASDAQ:FCFS) Stock Has Consensus Price Target of $249.75 According to Brokerages

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $253.00.

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Stephens reiterated an “overweight” rating and set a $250.00 price objective on shares of FirstCash in a report on Thursday, October 1st. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective for the company in a research report on Monday, August 10th. Canaccord Genuity Group boosted their target price on FirstCash from $252.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings upgraded FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 8th.

FirstCash Stock Down 0.7%

Shares of FCFS stock traded down $1.45 during trading on Friday, hitting $215.26. 394,331 shares of the company were exchanged, compared to its average volume of 341,645. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.51 and a current ratio of 4.89. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 24.57 and a beta of 0.55. The business’s 50-day simple moving average is $217.52 and its 200 day simple moving average is $215.76. FirstCash has a twelve month low of $146.77 and a twelve month high of $238.93.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 EPS. As a group, analysts forecast that FirstCash will post 11.59 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 14th. FirstCash’s payout ratio is currently 19.18%.

Insider Transactions at FirstCash

In related news, insider Howard 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 sale, the insider 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 position. The sale was disclosed in a 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, COO Thomas Stuart sold 5,348 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $214.63, for a total value of $1,147,841.24. Following the completion of the transaction, the chief operating officer owned 135,498 shares in the company, valued at $29,081,935.74. This represents a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,098 shares of company stock valued at $3,051,281 in the last quarter. Corporate insiders own 2.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. USA Financial Formulas acquired a new stake in shares of FirstCash in the third quarter worth about $50,000. Annex Advisory Services LLC raised its stake in shares of FirstCash by 24.0% in the 3rd quarter. Annex Advisory Services LLC now owns 16,029 shares of the company’s stock valued at $3,386,000 after acquiring an additional 3,104 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of FirstCash by 15.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 13,795 shares of the company’s stock valued at $2,911,000 after acquiring an additional 1,886 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in FirstCash by 179.3% in the 3rd quarter. Copeland Capital Management LLC now owns 276,429 shares of the company’s stock worth $58,390,000 after purchasing an additional 177,470 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in FirstCash by 45.1% in the 3rd quarter. Avior Wealth Management LLC now owns 1,415 shares of the company’s stock worth $299,000 after purchasing an additional 440 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

About FirstCash

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.