FirstCash (NASDAQ:FCFS) Receives New Coverage from Analysts at BTIG Research

BTIG Research started coverage on shares of FirstCash (NASDAQ:FCFSFree Report) in a research note issued to investors on Friday, Marketbeat reports. The firm issued a neutral rating on the stock.

FCFS has been the subject of several other reports. TD Cowen upgraded shares of FirstCash from a hold rating to a buy rating and increased their price objective for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Loop Capital upgraded shares of FirstCash from a hold rating to a buy rating and increased their price objective for the company from $125.00 to $140.00 in a report on Monday, April 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $142.00.

View Our Latest Stock Analysis on FCFS

FirstCash Price Performance

NASDAQ FCFS opened at $112.47 on Friday. FirstCash has a 52 week low of $88.05 and a 52 week high of $133.64. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 21.92 and a beta of 0.64. The company has a 50-day moving average price of $121.02 and a two-hundred day moving average price of $116.80.

FirstCash (NASDAQ:FCFSGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. FirstCash had a net margin of 7.23% and a return on equity of 14.73%. The firm had revenue of $836.40 million during the quarter, compared to analysts’ expectations of $846.08 million. During the same quarter in the prior year, the firm earned $1.25 EPS. FirstCash’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts forecast that FirstCash will post 6.75 EPS for the current year.

FirstCash Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a $0.35 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. FirstCash’s dividend payout ratio (DPR) is presently 27.29%.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 21,852 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $119.90, for a total value of $2,620,054.80. Following the completion of the sale, the director now owns 5,502,761 shares in the company, valued at approximately $659,781,043.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the sale, the chief financial officer now owns 92,715 shares in the company, valued at approximately $10,804,078.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Douglas Richard Rippel sold 21,852 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $119.90, for a total transaction of $2,620,054.80. Following the completion of the sale, the director now owns 5,502,761 shares of the company’s stock, valued at approximately $659,781,043.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 784,156 shares of company stock worth $92,472,699. 14.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FirstCash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCFS. Allspring Global Investments Holdings LLC acquired a new stake in shares of FirstCash in the 1st quarter valued at $26,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of FirstCash by 86.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after purchasing an additional 205 shares during the last quarter. Headinvest LLC acquired a new stake in shares of FirstCash in the 3rd quarter valued at $50,000. Principal Securities Inc. acquired a new stake in shares of FirstCash in the 4th quarter valued at $51,000. Finally, Whittier Trust Co. lifted its stake in shares of FirstCash by 62.2% in the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock valued at $59,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

About FirstCash

(Get Free Report)

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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