FirstCash (NASDAQ:FCFS) Downgraded to Buy Rating by Wall Street Zen

FirstCash (NASDAQ:FCFS) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

FirstCash Price Performance

Shares of NASDAQ:FCFS opened at $132.17 on Friday. The firm has a market cap of $5.86 billion, a PE ratio of 21.15 and a beta of 0.62. The firm’s fifty day moving average is $130.72 and its 200-day moving average is $120.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. FirstCash has a 52 week low of $100.24 and a 52 week high of $138.42.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.32. The company had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. FirstCash had a net margin of 8.29% and a return on equity of 16.08%. FirstCash’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. Sell-side analysts predict that FirstCash will post 7.7 earnings per share for the current year.

Insider Transactions at FirstCash

In related news, insider Howard F. Hambleton sold 3,900 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the transaction, the insider owned 32,481 shares in the company, valued at $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FirstCash

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock valued at $27,000 after buying an additional 202 shares during the period. CX Institutional acquired a new position in shares of FirstCash during the first quarter valued at about $42,000. UMB Bank n.a. raised its holdings in shares of FirstCash by 167.5% during the first quarter. UMB Bank n.a. now owns 452 shares of the company’s stock valued at $54,000 after purchasing an additional 283 shares during the period. Quarry LP raised its holdings in shares of FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company’s stock valued at $59,000 after purchasing an additional 513 shares during the period. Finally, CWM LLC raised its holdings in shares of FirstCash by 92.9% during the first quarter. CWM LLC now owns 517 shares of the company’s stock valued at $62,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds 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.