FirstCash Holdings, Inc. (NASDAQ:FCFS) Given Consensus Rating of “Hold” by Brokerages

FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Rating) has earned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $97.20.

Several research analysts have recently issued reports on FCFS shares. Barclays lowered their price objective on FirstCash from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Tuesday, February 14th. Stephens raised FirstCash from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $105.00 to $120.00 in a research report on Thursday, January 5th. Credit Suisse Group started coverage on FirstCash in a research report on Wednesday, December 14th. They set a “neutral” rating and a $88.00 price objective for the company. Finally, Wedbush upped their price objective on FirstCash from $80.00 to $90.00 in a research report on Monday, November 7th.

Insiders Place Their Bets

In other news, Director Douglas Richard Rippel sold 38,998 shares of FirstCash stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $88.28, for a total value of $3,442,743.44. Following the sale, the director now owns 8,003,083 shares of the company’s stock, valued at $706,512,167.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 595,628 shares of company stock worth $53,164,121. 19.35% of the stock is owned by insiders.

Institutional Trading of FirstCash

Hedge funds have recently modified their holdings of the business. Moneta Group Investment Advisors LLC lifted its stake in shares of FirstCash by 98,847.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock valued at $375,197,000 after purchasing an additional 4,312,712 shares during the period. Vanguard Group Inc. grew its position in FirstCash by 19.9% during the first quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock valued at $309,282,000 after acquiring an additional 730,072 shares during the period. FMR LLC grew its position in FirstCash by 5.8% during the second quarter. FMR LLC now owns 7,119,569 shares of the company’s stock valued at $494,881,000 after acquiring an additional 389,095 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of FirstCash during the second quarter worth about $23,020,000. Finally, Boston Partners lifted its stake in shares of FirstCash by 1,068.5% during the fourth quarter. Boston Partners now owns 231,534 shares of the company’s stock worth $20,277,000 after purchasing an additional 211,720 shares in the last quarter. 78.78% of the stock is owned by institutional investors and hedge funds.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $89.16 on Friday. The stock’s 50-day moving average is $89.41 and its two-hundred day moving average is $87.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.83 and a quick ratio of 2.85. FirstCash has a 1-year low of $58.30 and a 1-year high of $100.00. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 16.60 and a beta of 0.79.

FirstCash (NASDAQ:FCFS – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.09. FirstCash had a return on equity of 13.53% and a net margin of 9.29%. The company had revenue of $749.34 million for the quarter, compared to the consensus estimate of $752.47 million. During the same quarter in the prior year, the business earned $1.52 EPS. FirstCash’s revenue was up 49.3% on a year-over-year basis. Analysts forecast that FirstCash will post 5.99 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, February 13th. This represents a $1.32 dividend on an annualized basis and a yield of 1.48%. FirstCash’s dividend payout ratio (DPR) is 24.58%.

About FirstCash

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FirstCash Holdings, Inc operates retail pawn stores in the United States and Latin America. 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.