FirstCash Holdings, Inc. (NASDAQ:FCFS) Receives $143.00 Average Target Price from Analysts

Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) have received an average recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $154.40.

Several brokerages have issued reports on FCFS. Cowen reissued a “buy” rating on shares of FirstCash in a research note on Monday, August 18th. Wall Street Zen downgraded shares of FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Capital One Financial set a $160.00 price target on shares of FirstCash in a report on Tuesday, August 5th. Jefferies Financial Group upgraded shares of FirstCash to a “strong-buy” rating in a report on Monday, August 18th. Finally, Loop Capital cut shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Friday, September 5th.

FirstCash Trading Down 1.8%

NASDAQ:FCFS opened at $149.08 on Tuesday. FirstCash has a 52 week low of $100.24 and a 52 week high of $158.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. The firm’s fifty day moving average is $142.85 and its 200-day moving average is $132.90. The firm has a market cap of $6.61 billion, a P/E ratio of 22.90 and a beta of 0.69.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.13. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The business had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. During the same quarter in the previous year, the business earned $1.37 earnings per share. FirstCash’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts expect that FirstCash will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. This is a boost from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, August 15th. FirstCash’s payout ratio is 25.81%.

Insider Transactions at FirstCash

In other news, CEO Rick L. Wessel sold 69,024 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $138.49, for a total value of $9,559,133.76. Following the completion of the sale, the chief executive officer directly owned 932,958 shares of the company’s stock, valued at $129,205,353.42. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James H. Graves sold 6,000 shares of FirstCash stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the transaction, the director directly owned 15,846 shares in the company, valued at approximately $2,132,237.76. The trade was a 27.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,500 shares of company stock valued at $15,493,610 over the last ninety days. 2.93% of the stock is owned by company insiders.

Institutional Trading of FirstCash

Several institutional investors have recently made changes to their positions in FCFS. Caitong International Asset Management Co. Ltd purchased a new position in shares of FirstCash in the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its position in FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after purchasing an additional 202 shares during the last quarter. IFP Advisors Inc boosted its position in FirstCash by 181.6% in the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the last quarter. CX Institutional bought a new position in FirstCash in the 1st quarter valued at $42,000. Finally, UMB Bank n.a. raised its stake in shares of FirstCash by 167.5% during the 1st quarter. UMB Bank n.a. now owns 452 shares of the company’s stock worth $54,000 after purchasing an additional 283 shares during the period. Institutional investors 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.